UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Sells 151,747 Shares of Regal Rexnord Corporation $RRX

Key Points

• UBS Asset Management reduced its stake in Regal Rexnord Corporation by 11.4%, selling 151,747 shares, and now holds approximately 1.78% of the company valued at $134.4 million.
• Regal Rexnord's shares opened at $138.68, and the company recently reported earnings of $2.48 per share, exceeding analysts' expectations.
• The firm announced a quarterly dividend of $0.35, representing an annualized dividend of $1.40 and a yield of 1.0%, with a payout ratio of 37.23%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC trimmed its position in Regal Rexnord Corporation (NYSE:RRX - Free Report) by 11.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,180,874 shares of the company's stock after selling 151,747 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 1.78% of Regal Rexnord worth $134,443,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Jefferies Financial Group Inc. bought a new stake in shares of Regal Rexnord in the fourth quarter valued at about $1,427,000. Avantax Advisory Services Inc. lifted its holdings in shares of Regal Rexnord by 19.7% in the first quarter. Avantax Advisory Services Inc. now owns 3,152 shares of the company's stock valued at $359,000 after purchasing an additional 519 shares in the last quarter. Polar Asset Management Partners Inc. bought a new stake in Regal Rexnord during the fourth quarter worth about $9,463,000. Polianta Ltd raised its holdings in Regal Rexnord by 33.8% during the first quarter. Polianta Ltd now owns 9,100 shares of the company's stock worth $1,036,000 after acquiring an additional 2,300 shares in the last quarter. Finally, Ritholtz Wealth Management raised its holdings in Regal Rexnord by 22.5% during the first quarter. Ritholtz Wealth Management now owns 1,979 shares of the company's stock worth $225,000 after acquiring an additional 363 shares in the last quarter. 99.72% of the stock is currently owned by institutional investors.

Regal Rexnord Price Performance

Shares of NYSE RRX opened at $138.68 on Friday. The business's 50 day moving average price is $148.38 and its two-hundred day moving average price is $133.08. The company has a market cap of $9.20 billion, a PE ratio of 36.88, a price-to-earnings-growth ratio of 1.46 and a beta of 1.18. The company has a quick ratio of 0.93, a current ratio of 2.00 and a debt-to-equity ratio of 0.72. Regal Rexnord Corporation has a twelve month low of $90.56 and a twelve month 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 firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.50 billion. Regal Rexnord had a return on equity of 9.73% and a net margin of 4.28%.The business's revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.29 earnings per share. Regal Rexnord has set its FY 2025 guidance at 9.700-10.300 EPS. On average, analysts predict that Regal Rexnord Corporation will post 9.95 EPS for the current year.

Regal Rexnord Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on RRX shares. The Goldman Sachs Group upped their target price on Regal Rexnord from $173.00 to $195.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Citigroup reiterated a "buy" rating and set a $165.00 target price (up previously from $145.00) on shares of Regal Rexnord in a report on Tuesday, June 24th. Barclays upped their target price on Regal Rexnord from $160.00 to $165.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. KeyCorp set a $180.00 target price on Regal Rexnord and gave the stock an "overweight" rating in a report on Thursday, June 26th. Finally, Wall Street Zen upgraded Regal Rexnord from a "buy" rating to a "strong-buy" rating in a report on Saturday. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Regal Rexnord currently has a consensus rating of "Buy" and an average price target of $185.25.

About Regal Rexnord

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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