Wed Sep 25 09:59:36 UTC 2024: ## RBC Bearings Sees Mixed Investor Interest as Insider Selling Continues

**New York, NY – September 25, 2024** – RBC Bearings Incorporated (NYSE: RBC) saw a mixed bag of investor activity in the second quarter, with some institutional investors trimming their holdings while others established new positions. Notably, Blair William & Co. IL reduced its stake by 31.8%, while several other firms, including 1832 Asset Management L.P., Principal Securities Inc., DT Investment Partners LLC, and Opal Wealth Advisors LLC, took new positions in the industrial products company.

However, insider selling activity continued, with CEO Michael J. Hartnett selling 503 shares and VP Richard J. Edwards selling 4,200 shares in recent transactions. Insiders have sold a total of 41,327 shares of company stock valued at $11,900,641 over the past quarter, representing 2.90% of the stock currently owned by insiders.

RBC Bearings, which manufactures and markets engineered precision bearings, components, and systems globally, continues to attract attention from analysts. Raymond James initiated coverage with a “market perform” rating, while Truist Financial dropped their price target but maintained a “buy” rating. The Goldman Sachs Group and William Blair also issued ratings, with Goldman Sachs assigning a “neutral” rating and William Blair assigning an “outperform” rating.

Overall, RBC Bearings currently has an average rating of “Moderate Buy” and a consensus price target of $287.67, according to MarketBeat data. The company’s stock opened at $302.79 on Wednesday, with a 52-week low of $214.14 and a 52-week high of $309.01.

Investors will be watching to see if the mixed investor sentiment and ongoing insider selling will impact RBC Bearings’ stock price in the coming months.

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