Dimensional Fund Advisors LP Lowers Position in Regal Rexnord Co. (NYSE:RRX)

Dimensional Fund Advisors LP cut its position in shares of Regal Rexnord Co. (NYSE:RRX - Free Report) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,315,560 shares of the company's stock after selling 123,026 shares during the period. Dimensional Fund Advisors LP owned approximately 1.99% of Regal Rexnord worth $204,080,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RRX. Forum Financial Management LP raised its holdings in shares of Regal Rexnord by 9.0% during the 4th quarter. Forum Financial Management LP now owns 1,977 shares of the company's stock worth $307,000 after acquiring an additional 163 shares in the last quarter. Capital International Ltd. CA raised its stake in Regal Rexnord by 6.8% during the fourth quarter. Capital International Ltd. CA now owns 21,310 shares of the company's stock valued at $3,306,000 after purchasing an additional 1,364 shares in the last quarter. Cramer Rosenthal Mcglynn LLC lifted its position in Regal Rexnord by 11.6% during the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 246,493 shares of the company's stock valued at $38,238,000 after purchasing an additional 25,642 shares during the last quarter. Capital Group Investment Management PTE. LTD. grew its stake in shares of Regal Rexnord by 6.3% in the 4th quarter. Capital Group Investment Management PTE. LTD. now owns 4,490 shares of the company's stock worth $697,000 after buying an additional 267 shares in the last quarter. Finally, Capital International Sarl increased its holdings in shares of Regal Rexnord by 6.1% in the 4th quarter. Capital International Sarl now owns 29,682 shares of the company's stock worth $4,605,000 after buying an additional 1,707 shares during the last quarter. 99.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on RRX. KeyCorp lowered their price target on shares of Regal Rexnord from $180.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group lowered their price objective on Regal Rexnord from $183.00 to $163.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Oppenheimer cut their target price on Regal Rexnord from $210.00 to $190.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Citigroup lowered their price target on Regal Rexnord from $170.00 to $110.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Barclays dropped their price objective on shares of Regal Rexnord from $160.00 to $155.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $170.75.

Regal Rexnord Trading Down 0.8 %

Regal Rexnord stock traded down $0.88 during mid-day trading on Monday, hitting $106.14. The company's stock had a trading volume of 80,364 shares, compared to its average volume of 534,160. Regal Rexnord Co. has a one year low of $90.56 and a one year high of $185.28. The stock has a market cap of $7.03 billion, a PE ratio of 35.92, a P/E/G ratio of 1.37 and a beta of 1.09. The company has a 50 day moving average of $114.69 and a 200-day moving average of $146.12. 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 (NYSE:RRX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $2.34 earnings per share for the quarter, missing analysts' consensus estimates of $2.56 by ($0.22). Regal Rexnord had a net margin of 3.25% and a return on equity of 9.57%. On average, research analysts anticipate that Regal Rexnord Co. will post 9.95 EPS for the current year.

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.