Pinnbrook Capital Management LP has made a new investment in RBC Bearings (NYSE:RBC), purchasing 2,606 shares valued at approximately $1.02 million in Q3. Analysts maintain a generally positive outlook on RBC, with a consensus “Buy” rating and an average target price of $574.67. The company recently exceeded earnings estimates with $3.04 EPS versus $2.83 expected, and reported a 17% year-over-year revenue increase to $461.6 million.
Pinnbrook Capital Management LP Makes New Investment in RBC Bearings Incorporated $RBC
Pinnbrook Capital Management LP has made a new investment in RBC Bearings (NYSE:RBC), purchasing 2,606 shares valued at approximately $1.02 million in Q3. Analysts maintain a generally positive outlook on RBC, with a consensus “Buy” rating and an average target price of $574.67. The company recently exceeded earnings estimates with $3.04 EPS versus $2.83 expected, and reported a 17% year-over-year revenue increase to $461.6 million.