Should You Sell RBC Bearings Incorporated (RBC)?

·2 min read

TimesSquare Capital Management, an equity investment management company, released its “U.S. Small Cap Growth Strategy” third-quarter investor letter. A copy of the same can be downloaded here. In the third quarter, the strategy outperformed the Russell 2000 Growth Index and returned 3.28% (net), and the index return was 0.24%. Strength in Industrials, Consumer Staples, Consumer Discretionary, and Information Technology sectors contributed to the strategy’s outperformance in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2022.

TimesSquare Capital highlighted stocks like RBC Bearings Incorporated (NYSE:RBC) in its Q3 2022 investor letter. Headquartered in Oxford, Connecticut, RBC Bearings Incorporated (NYSE:RBC) is an engineered precision bearings and components manufacturer. On December 19, 2022, RBC Bearings Incorporated (NYSE:RBC) stock closed at $207.10 per share. One-month return of RBC Bearings Incorporated (NYSE:RBC) was -17.24%, and its shares gained 2.44% of their value over the last 52 weeks. RBC Bearings Incorporated (NYSE:RBC) has a market capitalization of $6.009 billion.

TimesSquare Capital made the following comment about RBC Bearings Incorporated (NYSE:RBC) in its Q3 2022 investor letter:

"Turning to areas of strength, there were benefits from the Industrials sector. Here we saw a 12% gain from RBC Bearings Incorporated (NYSE:RBC), which manufactures and markets custom bearing products. RBC’s price had run up ahead of its earnings report and we trimmed the position because it was close to our target. The company then reported revenues and earnings that fell shy of expectations, as did the guidance for the subsequent quarter. Orders from its aerospace & defense clients were particularly strong, though RBC’s business is in the process of shifting more toward the industrial markets with a recent acquisition. Though we appreciate the quality of RBC’s operations, we continued to trim the position out of caution."


RBC Bearings Incorporated (NYSE:RBC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 22 hedge fund portfolios held RBC Bearings Incorporated (NYSE:RBC) at the end of the third quarter, which was 15 in the previous quarter.

We discussed RBC Bearings Incorporated (NYSE:RBC) in another article and shared Wasatch Global Investors' views on the company. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.


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Disclosure: None. This article is originally published at Insider Monkey.