Alyeska Investment Group L.P. Has $33.24 Million Stock Holdings in Regal Rexnord Corporation $RRX

Alyeska Investment Group L.P. decreased its position in Regal Rexnord Corporation (NYSE:RRX - Free Report) by 25.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 139,545 shares of the company's stock after selling 48,297 shares during the period. Alyeska Investment Group L.P. owned 0.21% of Regal Rexnord worth $33,238,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RRX. Vontobel Holding Ltd. grew its holdings in Regal Rexnord by 5.2% during the 4th quarter. Vontobel Holding Ltd. now owns 276,266 shares of the company's stock worth $38,766,000 after acquiring an additional 13,564 shares during the period. Easterly Investment Partners LLC lifted its stake in shares of Regal Rexnord by 719.4% in the 4th quarter. Easterly Investment Partners LLC now owns 75,354 shares of the company's stock valued at $10,574,000 after purchasing an additional 66,158 shares during the period. Bank of America Corp DE lifted its stake in shares of Regal Rexnord by 4.4% in the 1st quarter. Bank of America Corp DE now owns 397,219 shares of the company's stock valued at $74,383,000 after purchasing an additional 16,615 shares during the period. BlackRock Inc. bought a new position in shares of Regal Rexnord in the 2nd quarter worth $1,477,356,000. Finally, Victory Capital Management Inc. grew its stake in shares of Regal Rexnord by 42.6% during the fourth quarter. Victory Capital Management Inc. now owns 5,658,365 shares of the company's stock worth $793,983,000 after purchasing an additional 1,690,264 shares during the period. 99.72% of the stock is currently owned by institutional investors and hedge funds.

Regal Rexnord Trading Up 0.3%

NYSE RRX opened at $157.88 on Monday. The stock has a market capitalization of $10.51 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 1.17 and a beta of 1.09. The stock's 50 day moving average price is $198.44 and its two-hundred day moving average price is $202.81. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.16 and a current ratio of 2.28. Regal Rexnord Corporation has a 52 week low of $127.96 and a 52 week high of $247.80.

Regal Rexnord (NYSE:RRX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.41. The company had revenue of $1.56 billion during the quarter, compared to analysts' expectations of $1.58 billion. Regal Rexnord had a net margin of 5.35% and a return on equity of 9.93%. The business's quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the business earned $2.48 EPS. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. As a group, analysts anticipate that Regal Rexnord Corporation will post 10.68 earnings per share for the current fiscal year.

Regal Rexnord Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, September 30th. Regal Rexnord's dividend payout ratio is presently 28.87%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. KeyCorp decreased their target price on Regal Rexnord from $265.00 to $240.00 and set an "overweight" rating for the company in a research report on Thursday, August 6th. Citigroup increased their price target on shares of Regal Rexnord from $240.00 to $260.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Regal Rexnord in a research note on Monday, July 20th. They set a "buy" rating and a $286.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Regal Rexnord from $230.00 to $240.00 and gave the company an "overweight" rating in a report on Tuesday, May 26th. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of Regal Rexnord in a research note on Friday, July 10th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $244.92.

Regal Rexnord 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.

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