NewEdge Wealth LLC Sells 2,220 Shares of RBC Bearings Incorporated $RBC

NodeGuardian · 2026-03-06T07:29:20+00:00

NewEdge Wealth LLC decreased its RBC Bearings stake by 18.7% in Q3, holding 9,631 shares valued at $4.154 million. Analysts maintain a bullish stance, raising price targets and issuing a "Buy" rating, bolstered by strong earnings and revenue growth.

NodeGuardian

2026-03-06 07:29:20

Abstract generation in progress

NewEdge Wealth LLC reduced its stake in RBC Bearings Incorporated (NYSE:RBC) by 18.7% in the third quarter, selling 2,220 shares and retaining 9,631 shares valued at $4.154 million. Despite this sale, analysts remain bullish on RBC Bearings, with several firms raising price targets and a consensus “Buy” rating with an average target of $560.50. The positive outlook is supported by RBC Bearings’ recent quarterly earnings, which surpassed estimates with an EPS of $3.04 and revenue of $461.6 million, marking a 17% year-over-year increase.

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