Ceredex Value Advisors LLC Purchases 42,900 Shares of Regal Rexnord Co. (NYSE:RRX)

Ceredex Value Advisors LLC boosted its position in Regal Rexnord Co. (NYSE:RRX - Free Report) by 19.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 260,700 shares of the company's stock after purchasing an additional 42,900 shares during the quarter. Ceredex Value Advisors LLC owned about 0.39% of Regal Rexnord worth $38,680,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arlington Trust Co LLC acquired a new position in shares of Regal Rexnord during the 4th quarter worth approximately $140,000. DekaBank Deutsche Girozentrale increased its stake in Regal Rexnord by 11.5% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 22,498 shares of the company's stock worth $3,330,000 after acquiring an additional 2,327 shares during the period. International Assets Investment Management LLC raised its holdings in Regal Rexnord by 11,000.0% in the 4th quarter. International Assets Investment Management LLC now owns 888 shares of the company's stock valued at $131,000 after acquiring an additional 880 shares in the last quarter. Trust Point Inc. acquired a new position in Regal Rexnord in the 4th quarter valued at $264,000. Finally, Westhampton Capital LLC lifted its position in shares of Regal Rexnord by 39.9% during the 4th quarter. Westhampton Capital LLC now owns 13,270 shares of the company's stock valued at $1,964,000 after acquiring an additional 3,785 shares during the period. 99.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Regal Rexnord

In other news, EVP Jerrald R. Morton sold 2,992 shares of Regal Rexnord stock in a transaction on Monday, February 12th. The shares were sold at an average price of $154.34, for a total transaction of $461,785.28. Following the transaction, the executive vice president now owns 15,884 shares in the company, valued at $2,451,536.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Jerrald R. Morton sold 2,992 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $154.34, for a total value of $461,785.28. Following the completion of the sale, the executive vice president now owns 15,884 shares of the company's stock, valued at $2,451,536.56. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Thomas E. Valentyn sold 1,931 shares of Regal Rexnord stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $166.09, for a total value of $320,719.79. Following the completion of the transaction, the executive vice president now directly owns 27,180 shares in the company, valued at $4,514,326.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,570 shares of company stock worth $892,301. 0.82% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on RRX. Wolfe Research raised shares of Regal Rexnord from a "peer perform" rating to an "outperform" rating and set a $151.00 price objective for the company in a research report on Monday, December 11th. KeyCorp upped their price target on shares of Regal Rexnord from $180.00 to $210.00 and gave the stock an "overweight" rating in a report on Monday, March 25th. Oppenheimer lifted their price objective on shares of Regal Rexnord from $185.00 to $210.00 and gave the company an "outperform" rating in a research note on Wednesday, March 13th. Finally, Barclays boosted their price target on Regal Rexnord from $200.00 to $203.00 and gave the stock an "overweight" rating in a report on Tuesday, April 2nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $197.00.

Regal Rexnord Price Performance

Shares of RRX traded down $0.34 during trading hours on Friday, reaching $172.40. The stock had a trading volume of 518,879 shares, compared to its average volume of 400,921. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.59 and a current ratio of 2.55. Regal Rexnord Co. has a 12 month low of $97.18 and a 12 month high of $183.85. The stock has a market capitalization of $11.45 billion, a PE ratio of -198.16, a PEG ratio of 1.72 and a beta of 1.14. The company's 50-day moving average is $164.26 and its two-hundred day moving average is $142.41.

Regal Rexnord (NYSE:RRX - Get Free Report) last posted its earnings results on Wednesday, February 7th. The company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.26 by $0.02. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.63 billion. Regal Rexnord had a positive return on equity of 9.58% and a negative net margin of 0.92%. The business's quarterly revenue was up 29.2% on a year-over-year basis. During the same period last year, the company earned $2.64 earnings per share. Research analysts expect that Regal Rexnord Co. will post 10.05 EPS for the current year.

Regal Rexnord Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Wednesday, March 27th. Regal Rexnord's payout ratio is -160.92%.

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.