Regal Rexnord Co. (NYSE:RRX) Shares Bought by Yorktown Management & Research Co Inc

Yorktown Management & Research Co Inc grew its holdings in shares of Regal Rexnord Co. (NYSE:RRX) by 24.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,075 shares of the company’s stock after purchasing an additional 800 shares during the period. Yorktown Management & Research Co Inc’s holdings in Regal Rexnord were worth $632,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of RRX. Trust Point Inc. boosted its stake in Regal Rexnord by 9.1% during the fourth quarter. Trust Point Inc. now owns 1,923 shares of the company’s stock valued at $298,000 after buying an additional 160 shares in the last quarter. Jennison Associates LLC boosted its stake in Regal Rexnord by 33.9% during the fourth quarter. Jennison Associates LLC now owns 175,702 shares of the company’s stock valued at $27,257,000 after buying an additional 44,447 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in Regal Rexnord by 4.2% during the fourth quarter. Hantz Financial Services Inc. now owns 104,273 shares of the company’s stock valued at $16,176,000 after buying an additional 4,157 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Regal Rexnord by 9.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 35,485 shares of the company’s stock valued at $5,505,000 after buying an additional 3,058 shares in the last quarter. Finally, KBC Group NV boosted its stake in Regal Rexnord by 1,136.7% during the fourth quarter. KBC Group NV now owns 22,199 shares of the company’s stock valued at $3,444,000 after buying an additional 20,404 shares in the last quarter. 99.72% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Louis V. Pinkham sold 8,774 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $180.03, for a total transaction of $1,579,583.22. Following the completion of the sale, the chief executive officer now directly owns 149,618 shares of the company’s stock, valued at $26,935,728.54. This trade represents a 5.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.82% of the company’s stock.

Regal Rexnord Trading Up 2.1 %

Shares of NYSE RRX opened at $155.06 on Wednesday. Regal Rexnord Co. has a one year low of $130.94 and a one year high of $185.28. The firm has a market capitalization of $10.27 billion, a PE ratio of 48.91, a PEG ratio of 1.53 and a beta of 1.03. The company has a current ratio of 2.45, a quick ratio of 1.35 and a debt-to-equity ratio of 0.87. The business has a 50-day moving average price of $161.31 and a two-hundred day moving average price of $163.10.

Regal Rexnord (NYSE:RRX) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.01. Regal Rexnord had a return on equity of 9.48% and a net margin of 3.41%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the company posted $2.10 EPS. The business’s quarterly revenue was down 10.4% compared to the same quarter last year. As a group, analysts predict that Regal Rexnord Co. will post 9.24 earnings per share for the current fiscal year.

Regal Rexnord Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.40 dividend on an annualized basis and a yield of 0.90%. Regal Rexnord’s payout ratio is presently 44.16%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Jefferies Financial Group assumed coverage on Regal Rexnord in a research note on Thursday, December 12th. They set a “buy” rating and a $215.00 target price for the company. StockNews.com cut Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 16th. Citigroup decreased their target price on Regal Rexnord from $210.00 to $190.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. The Goldman Sachs Group increased their price target on Regal Rexnord from $191.00 to $213.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Robert W. Baird decreased their price target on Regal Rexnord from $223.00 to $208.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Regal Rexnord has a consensus rating of “Moderate Buy” and a consensus target price of $202.00.

Regal Rexnord Company Profile

Regal Rexnord Corporation manufactures and sells industrial powertrain solutions, power transmission components, electric motors and electronic controls, air moving products, and specialty electrical components and systems worldwide. The Industrial Powertrain Solutions segment provides mounted and unmounted bearings, couplings, mechanical power transmission drives and components, gearboxes, gear motors, clutches, brakes, special, and industrial powertrain components and solutions for food and beverage, bulk material handling, eCommerce/warehouse distribution, energy, mining, marine, agricultural machinery, turf and garden, and general industrial markets.