Workday: RBC Raises PT to $340, Reiterates Outperform Rating

Workday: RBC Raises PT to $340, Reiterates Outperform Rating

RBC Bearings Inc. (NYSE:RBC) has seen a surge in analyst interest and investment activity in recent quarters. According to its latest 13F filing, Cookson Peirce & Co. Inc. invested $738,000 in RBC Bearings by acquiring 2,294 shares in the first quarter of 2025 [1]. This investment comes amidst a broader trend of increased stake in RBC Bearings by various institutional investors, including Bank of Montreal Can, Townsquare Capital LLC, Barclays PLC, Mariner LLC, and XTX Topco Ltd.

Several hedge funds and institutional investors have raised their stakes in RBC Bearings. Bank of Montreal Can, for instance, increased its position by 26.0% during the fourth quarter of 2024, owning 3,572 shares worth $1,069,000 after acquiring an additional 737 shares [1]. Townsquare Capital LLC boosted its stake by 0.6%, owning 5,663 shares valued at $1,694,000 after purchasing an additional 36 shares [1]. Barclays PLC, Mariner LLC, and XTX Topco Ltd also increased their positions, with Barclays PLC purchasing an additional 1,997 shares worth $6,889,000, Mariner LLC buying an additional 335 shares worth $1,271,000, and XTX Topco Ltd investing $388,000 in the stock [1].

Analysts have been bullish on RBC Bearings, with a majority issuing "buy" ratings and price targets ranging from $415.00 to $480.00. Morgan Stanley reaffirmed an "overweight" rating and set a $415.00 target price, while Deutsche Bank Aktiengesellschaft set a "buy" rating and a $480.00 price objective [1]. Truist Financial upped their price target from $431.00 to $455.00 and gave the company a "buy" rating [1]. Zacks Research upgraded RBC Bearings from a "hold" rating to a "strong-buy" rating [1]. The Goldman Sachs Group raised their price target from $375.00 to $416.00 and gave the stock a "neutral" rating [1]. Based on MarketBeat data, RBC Bearings currently has a consensus rating of "Moderate Buy" and a consensus price target of $425.17 [1].

RBC Bearings reported $2.84 EPS for the quarter, topping the consensus estimate of $2.74 by $0.10, and had revenue of $436.00 million for the quarter, compared to analysts' expectations of $432.63 million [1]. The company's net margin was 15.20%, and its return on equity was 10.14%. The company's quarterly revenue was up 7.3% compared to the same quarter last year.

In related news, insiders sold 125,716 shares of company stock valued at $48,818,116 over the last three months [1]. Director Steven H. Kaplan sold 400 shares, while Director Michael H. Ambrose sold 595 shares [1]. Despite these sales, insiders own 1.90% of the company's stock.

RBC Bearings manufactures and markets engineered precision bearings, components, and systems, operating through the Aerospace/Defense and Industrial segments. The company produces plain bearings, roller bearings, and ball bearings for various industrial applications and military aircraft platforms [1].

References:
[1] https://www.marketbeat.com/instant-alerts/filing-cookson-peirce-co-inc-makes-new-738000-investment-in-rbc-bearings-incorporated-nyserbc-2025-08-15/