SG Americas Securities LLC Raises Holdings in Regal Rexnord Corporation $RRX

SG Americas Securities LLC increased its position in Regal Rexnord Corporation (NYSE:RRX) by 95.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,980 shares of the company’s stock after buying an additional 9,273 shares during the period. SG Americas Securities LLC’s holdings in Regal Rexnord were worth $2,663,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RRX. Aster Capital Management DIFC Ltd bought a new position in shares of Regal Rexnord during the 3rd quarter valued at approximately $27,000. Root Financial Partners LLC purchased a new stake in Regal Rexnord during the third quarter valued at $28,000. SJS Investment Consulting Inc. raised its stake in Regal Rexnord by 95.1% during the third quarter. SJS Investment Consulting Inc. now owns 199 shares of the company’s stock valued at $29,000 after purchasing an additional 97 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Regal Rexnord by 135.1% during the first quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock valued at $25,000 after purchasing an additional 127 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Regal Rexnord in the 3rd quarter worth about $35,000. Hedge funds and other institutional investors own 99.72% of the company’s stock.

Insider Transactions at Regal Rexnord

In other Regal Rexnord news, CEO Louis V. Pinkham sold 36,728 shares of Regal Rexnord stock in a transaction on Monday, February 9th. The stock was sold at an average price of $215.52, for a total transaction of $7,915,618.56. Following the completion of the sale, the chief executive officer directly owned 83,337 shares of the company’s stock, valued at $17,960,790.24. The trade was a 30.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Curtis W. Stoelting sold 4,500 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $180.00, for a total value of $810,000.00. Following the completion of the sale, the director owned 15,617 shares of the company’s stock, valued at $2,811,060. This represents a 22.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 53,451 shares of company stock worth $11,386,689 over the last three months. Company insiders own 0.82% of the company’s stock.

Regal Rexnord Stock Performance

Regal Rexnord stock opened at $183.81 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.15 and a quick ratio of 1.10. The firm has a market capitalization of $12.24 billion, a P/E ratio of 43.76, a price-to-earnings-growth ratio of 1.71 and a beta of 1.11. Regal Rexnord Corporation has a 1-year low of $90.56 and a 1-year high of $229.30. The company’s 50-day moving average is $196.03 and its 200 day moving average is $162.43.

Regal Rexnord (NYSE:RRX) last announced its earnings results on Thursday, February 5th. The company reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.04. Regal Rexnord had a return on equity of 9.60% and a net margin of 4.71%.The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the business earned $2.34 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. Research analysts forecast that Regal Rexnord Corporation will post 9.95 EPS for the current year.

Regal Rexnord Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, March 31st. Regal Rexnord’s payout ratio is currently 33.33%.

Wall Street Analyst Weigh In

RRX has been the topic of several recent research reports. Zacks Research upgraded shares of Regal Rexnord from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Regal Rexnord in a research note on Thursday, January 22nd. The Goldman Sachs Group upped their price objective on Regal Rexnord from $170.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Robert W. Baird set a $253.00 price objective on Regal Rexnord in a research note on Friday, February 6th. Finally, JPMorgan Chase & Co. boosted their target price on Regal Rexnord from $190.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $228.50.

Regal Rexnord Company Profile

Regal Rexnord Corporation (NYSE: RRX) is a global industrial manufacturer specializing in electric motors, power generation equipment and automated motion control systems. The company designs, engineers and produces a broad portfolio of products that includes energy-efficient electric motors, variable frequency drives, gearboxes, couplings, bearings and power transmission components. These offerings support critical applications in industries such as heating, ventilation and air conditioning (HVAC), refrigeration, data centers, water treatment, food and beverage processing, mining, oil and gas, and material handling.

The company’s operations are organized into multiple business segments that address distinct customer needs.