Victory Capital Management Inc. Has $6.51 Million Stock Holdings in RBC Bearings Incorporated (NYSE:RBC)

Victory Capital Management Inc. reduced its holdings in shares of RBC Bearings Incorporated (NYSE:RBC – Free Report) by 13.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,771 shares of the industrial products company’s stock after selling 3,244 shares during the [...]

featured-image

Victory Capital Management Inc. reduced its holdings in shares of RBC Bearings Incorporated (NYSE:RBC – Free Report) by 13.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).

The fund owned 21,771 shares of the industrial products company’s stock after selling 3,244 shares during the quarter. Victory Capital Management Inc. owned 0.



07% of RBC Bearings worth $6,513,000 at the end of the most recent reporting period. Other hedge funds have also recently made changes to their positions in the company. Torray Investment Partners LLC lifted its position in shares of RBC Bearings by 0.

3% during the 4th quarter. Torray Investment Partners LLC now owns 8,468 shares of the industrial products company’s stock worth $2,533,000 after buying an additional 28 shares in the last quarter. Charles Schwab Investment Management Inc.

increased its position in shares of RBC Bearings by 6.8% during the fourth quarter. Charles Schwab Investment Management Inc.

now owns 316,240 shares of the industrial products company’s stock valued at $94,600,000 after acquiring an additional 20,229 shares during the last quarter. State of Michigan Retirement System lifted its holdings in RBC Bearings by 7.2% during the fourth quarter.

State of Michigan Retirement System now owns 7,400 shares of the industrial products company’s stock worth $2,214,000 after acquiring an additional 500 shares during the period. Jones Financial Companies Lllp boosted its position in RBC Bearings by 196.9% in the fourth quarter.

Jones Financial Companies Lllp now owns 677 shares of the industrial products company’s stock worth $203,000 after purchasing an additional 449 shares during the last quarter. Finally, Norden Group LLC grew its stake in RBC Bearings by 6.7% in the 4th quarter.

Norden Group LLC now owns 780 shares of the industrial products company’s stock valued at $233,000 after purchasing an additional 49 shares during the period. Insider Buying and Selling at RBC BearingsIn other news, Director Michael H. Ambrose sold 400 shares of the stock in a transaction that occurred on Wednesday, February 5th.

The shares were sold at an average price of $362.89, for a total value of $145,156.00.

Following the transaction, the director now owns 6,728 shares in the company, valued at $2,441,523.92. This represents a 5.

61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert M.

Sullivan sold 8,000 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $362.25, for a total transaction of $2,898,000.

00. Following the sale, the chief financial officer now directly owns 11,382 shares of the company’s stock, valued at approximately $4,123,129.50.

The trade was a 41.28 % decrease in their position. The disclosure for this sale can be found here.

In the last ninety days, insiders sold 10,900 shares of company stock worth $3,963,031. 2.60% of the stock is owned by corporate insiders.

RBC Bearings Stock PerformanceShares of RBC Bearings stock opened at $336.36 on Friday. RBC Bearings Incorporated has a 12 month low of $241.

43 and a 12 month high of $372.83. The firm has a market capitalization of $10.

56 billion, a P/E ratio of 46.20, a P/E/G ratio of 4.42 and a beta of 1.

72. The company has a current ratio of 3.43, a quick ratio of 1.

18 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $338.

81 and a two-hundred day simple moving average of $315.97. Analyst Ratings ChangesRBC has been the subject of a number of research analyst reports.

Truist Financial raised their price objective on shares of RBC Bearings from $351.00 to $410.00 and gave the stock a “buy” rating in a report on Monday, February 3rd.

William Blair reaffirmed an “outperform” rating on shares of RBC Bearings in a report on Tuesday, November 26th. Morgan Stanley increased their price objective on RBC Bearings from $360.00 to $390.

00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Bank of America lowered RBC Bearings from a “buy” rating to a “neutral” rating and boosted their target price for the company from $330.00 to $335.

00 in a research note on Thursday, November 21st. Finally, KeyCorp upped their price target on RBC Bearings from $375.00 to $395.

00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $361.

20.Check Out Our Latest Report on RBC BearingsRBC Bearings Company Profile (Free Report)RBC Bearings Incorporated manufactures and markets engineered precision bearings, components, and systems in the United States and internationally. It operates through two segments, Aerospace/Defense and Industrial.

The company produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings; roller bearings, such as tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products that are used in industrial applications and military aircraft platforms; and ball bearings include high precision aerospace, airframe control, thin section, and industrial ball bearings that utilize high precision ball elements to reduce friction in high-speed applications.Featured ArticlesFive stocks we like better than RBC BearingsUtilities Stocks Explained – How and Why to Invest in UtilitiesRubrik Stock’s V-Bottom Reversal Signals a Major Rally AheadBuy P&G Now, Before It Sets A New All-Time HighHow Super Micro Computer Stock Is Defying the Market Sell-OffWhy Invest in High-Yield Dividend Stocks?AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?Want to see what other hedge funds are holding RBC? Visit HoldingsChannel.

com to get the latest 13F filings and insider trades for RBC Bearings Incorporated (NYSE:RBC – Free Report)..