9,200 Shares in Regal Rexnord Co. (NYSE:RRX) Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new position in shares of Regal Rexnord Co. (NYSE:RRX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,200 shares of the company's stock, valued at approximately $1,427,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Hudson Bay Capital Management LP acquired a new position in Regal Rexnord during the fourth quarter worth $7,601,000. Frontier Capital Management Co. LLC grew its holdings in Regal Rexnord by 25.6% during the fourth quarter. Frontier Capital Management Co. LLC now owns 379,671 shares of the company's stock worth $58,898,000 after acquiring an additional 77,315 shares during the period. D. E. Shaw & Co. Inc. boosted its position in Regal Rexnord by 1,869.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 97,912 shares of the company's stock worth $15,189,000 after purchasing an additional 92,940 shares in the last quarter. Dean Capital Management boosted its position in Regal Rexnord by 19.3% during the fourth quarter. Dean Capital Management now owns 9,694 shares of the company's stock worth $1,504,000 after purchasing an additional 1,566 shares in the last quarter. Finally, Crestline Management LP purchased a new stake in Regal Rexnord during the fourth quarter worth $7,015,000. Institutional investors and hedge funds own 99.72% of the company's stock.

Wall Street Analyst Weigh In

RRX has been the topic of a number of research analyst reports. KeyCorp decreased their target price on Regal Rexnord from $180.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. StockNews.com downgraded Regal Rexnord from a "buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Barclays upped their price objective on Regal Rexnord from $155.00 to $160.00 and gave the company an "overweight" rating in a research report on Monday. Robert W. Baird upped their target price on Regal Rexnord from $167.00 to $172.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, Citigroup upped their target price on Regal Rexnord from $110.00 to $145.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $171.25.

Regal Rexnord Price Performance

RRX stock opened at $141.53 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 2.26. Regal Rexnord Co. has a 1 year low of $90.56 and a 1 year high of $185.28. The firm has a market cap of $9.39 billion, a P/E ratio of 47.98, a price-to-earnings-growth ratio of 1.37 and a beta of 1.11. The stock has a 50-day simple moving average of $113.12 and a 200-day simple moving average of $142.05.

Regal Rexnord (NYSE:RRX - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.82 by $0.33. Regal Rexnord had a return on equity of 9.57% and a net margin of 3.25%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the firm earned $2.00 earnings per share. The company's revenue for the quarter was down 8.4% compared to the same quarter last year. On average, equities analysts predict that Regal Rexnord Co. will post 9.95 earnings per share for the current fiscal year.

Regal Rexnord Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Monday, June 30th. Regal Rexnord's dividend payout ratio is currently 39.89%.

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.

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