UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $134.44 Million Position in 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 reduced its holdings in Regal Rexnord Corporation (NYSE:RRX - Free Report) by 11.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,180,874 shares of the company's stock after selling 151,747 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.78% of Regal Rexnord worth $134,443,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its position in Regal Rexnord by 0.7% during the first quarter. Oregon Public Employees Retirement Fund now owns 13,549 shares of the company's stock worth $1,543,000 after buying an additional 100 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Regal Rexnord by 3.6% in the first quarter. Cetera Investment Advisers now owns 2,920 shares of the company's stock valued at $332,000 after acquiring an additional 102 shares during the last quarter. Greenleaf Trust boosted its holdings in Regal Rexnord by 2.1% in the first quarter. Greenleaf Trust now owns 5,187 shares of the company's stock valued at $591,000 after acquiring an additional 105 shares during the last quarter. Xponance Inc. lifted its stake in shares of Regal Rexnord by 1.5% during the first quarter. Xponance Inc. now owns 7,866 shares of the company's stock worth $896,000 after purchasing an additional 120 shares in the last quarter. Finally, Dynasty Wealth Management LLC lifted its stake in shares of Regal Rexnord by 3.1% during the first quarter. Dynasty Wealth Management LLC now owns 4,265 shares of the company's stock worth $486,000 after purchasing an additional 128 shares in the last quarter. 99.72% of the stock is owned by hedge funds and other institutional investors.

Regal Rexnord Price Performance

Shares of NYSE:RRX traded up $4.32 on Thursday, reaching $144.65. 218,487 shares of the company traded hands, compared to its average volume of 757,614. Regal Rexnord Corporation has a fifty-two week low of $90.56 and a fifty-two week high of $185.28. The company's 50 day moving average is $147.84 and its 200-day moving average is $133.28. The stock has a market capitalization of $9.60 billion, a PE ratio of 38.49, a P/E/G ratio of 1.42 and a beta of 1.18. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.00 and a quick ratio of 0.93.

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

Regal Rexnord Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. The Goldman Sachs Group lowered their price objective on Regal Rexnord from $192.00 to $170.00 and set a "buy" rating for the company in a report on Tuesday. Citigroup reaffirmed a "buy" rating and set a $165.00 target price (up from $145.00) on shares of Regal Rexnord in a report on Tuesday, June 24th. JPMorgan Chase & Co. assumed coverage on Regal Rexnord in a report on Monday. They set an "overweight" rating and a $200.00 target price for the company. KeyCorp set a $180.00 price objective on Regal Rexnord and gave the stock an "overweight" rating in a report on Thursday, June 26th. Finally, Wall Street Zen raised Regal Rexnord from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 13th. Nine research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $183.67.

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.