Regal Rexnord Corporation $RRX Stock Holdings Increased by Aperture Investors LLC

Key Points

• Aperture Investors LLC increased its stake in Regal Rexnord Corporation by 32.0% during the first quarter, now holding 186,484 shares valued at approximately $21 million.
• Regal Rexnord reported a quarterly EPS of $2.48, which surpassed estimates by $0.06, while the company's revenue remained stable at $1.50 billion.
• The company declared a quarterly dividend of $0.35 per share, with a yield of 0.9%, payable on October 14th to shareholders on record by September 30th.

Aperture Investors LLC lifted its stake in Regal Rexnord Corporation (NYSE:RRX - Free Report) by 32.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 186,484 shares of the company's stock after buying an additional 45,250 shares during the period. Regal Rexnord makes up 2.7% of Aperture Investors LLC's portfolio, making the stock its 12th biggest position. Aperture Investors LLC owned 0.28% of Regal Rexnord worth $21,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of RRX. Bernard Wealth Management Corp. purchased a new stake in shares of Regal Rexnord in the fourth quarter worth about $31,000. Golden State Wealth Management LLC boosted its holdings in Regal Rexnord by 106.2% in the first quarter. Golden State Wealth Management LLC now owns 268 shares of the company's stock valued at $31,000 after purchasing an additional 138 shares during the last quarter. Headlands Technologies LLC purchased a new position in Regal Rexnord in the first quarter valued at about $81,000. Signaturefd LLC boosted its holdings in Regal Rexnord by 25.5% in the first quarter. Signaturefd LLC now owns 911 shares of the company's stock valued at $104,000 after purchasing an additional 185 shares during the last quarter. Finally, CWM LLC boosted its holdings in Regal Rexnord by 18.1% in the first quarter. CWM LLC now owns 1,011 shares of the company's stock valued at $115,000 after purchasing an additional 155 shares during the last quarter. Hedge funds and other institutional investors own 99.72% of the company's stock.

Regal Rexnord Stock Performance

Shares of Regal Rexnord stock traded down $3.16 on Tuesday, reaching $146.17. 558,048 shares of the company were exchanged, compared to its average volume of 758,049. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 2.00. The company's 50-day moving average is $149.15 and its two-hundred day moving average is $132.52. The firm has a market cap of $9.70 billion, a price-to-earnings ratio of 38.88, a P/E/G ratio of 1.50 and a beta of 1.18. Regal Rexnord Corporation has a 1-year low of $90.56 and a 1-year high of $185.28.

Regal Rexnord (NYSE:RRX - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $2.48 earnings per share for the quarter, topping analysts' consensus estimates of $2.42 by $0.06. The business had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.50 billion. Regal Rexnord had a return on equity of 9.73% and a net margin of 4.28%.The business's quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.29 EPS. Regal Rexnord has set its FY 2025 guidance at 9.700-10.300 EPS. As a group, research analysts expect that Regal Rexnord Corporation will post 9.95 earnings per share for the current fiscal year.

Regal Rexnord Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.40 annualized dividend and a yield of 1.0%. Regal Rexnord's payout ratio is presently 37.23%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. KeyCorp set a $180.00 price target on Regal Rexnord and gave the company an "overweight" rating in a report on Thursday, June 26th. Barclays increased their price target on Regal Rexnord from $160.00 to $165.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Wall Street Zen raised Regal Rexnord from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 24th. Citigroup reissued a "buy" rating and issued a $165.00 price target (up previously from $145.00) on shares of Regal Rexnord in a report on Tuesday, June 24th. Finally, The Goldman Sachs Group upped their price objective on Regal Rexnord from $173.00 to $195.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $185.25.

Regal Rexnord 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.