Private Capital Advisors Inc. Acquires Shares of 42,017 Regal Rexnord Corporation $RRX

Private Capital Advisors Inc. acquired a new stake in Regal Rexnord Corporation (NYSE:RRXFree Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 42,017 shares of the company’s stock, valued at approximately $5,896,000. Regal Rexnord accounts for 0.6% of Private Capital Advisors Inc.’s holdings, making the stock its 27th biggest holding.

Several other large investors have also recently added to or reduced their stakes in the stock. William Blair Investment Management LLC increased its stake in Regal Rexnord by 88.4% in the 4th quarter. William Blair Investment Management LLC now owns 759,283 shares of the company’s stock valued at $106,543,000 after buying an additional 356,279 shares during the period. Jefferies Financial Group Inc. acquired a new position in Regal Rexnord in the 4th quarter valued at approximately $505,000. Mizuho Markets Cayman LP bought a new stake in Regal Rexnord in the fourth quarter worth approximately $8,600,000. Global Retirement Partners LLC grew its position in Regal Rexnord by 210.9% in the fourth quarter. Global Retirement Partners LLC now owns 2,229 shares of the company’s stock worth $313,000 after acquiring an additional 1,512 shares in the last quarter. Finally, Bastion Asset Management Inc. bought a new stake in Regal Rexnord in the fourth quarter worth approximately $6,669,000. Institutional investors and hedge funds own 99.72% of the company’s stock.

Regal Rexnord Price Performance

NYSE RRX opened at $200.92 on Friday. The company has a current ratio of 2.17, a quick ratio of 1.08 and a debt-to-equity ratio of 0.69. The company has a fifty day simple moving average of $198.79 and a 200 day simple moving average of $176.70. The company has a market cap of $13.38 billion, a P/E ratio of 46.73, a P/E/G ratio of 1.89 and a beta of 1.15. Regal Rexnord Corporation has a 1 year low of $127.96 and a 1 year high of $236.35.

Regal Rexnord (NYSE:RRXGet Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.06. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.43 billion. Regal Rexnord had a net margin of 4.78% and a return on equity of 9.49%. Regal Rexnord’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.15 EPS. Regal Rexnord has set its FY 2026 guidance at 10.200-11.000 EPS. On average, sell-side analysts predict that Regal Rexnord Corporation will post 10.63 EPS for the current year.

Regal Rexnord Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, June 30th. Regal Rexnord’s dividend payout ratio is currently 32.56%.

Analysts Set New Price Targets

Several analysts have commented on the stock. KeyCorp boosted their target price on shares of Regal Rexnord from $255.00 to $265.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Oppenheimer boosted their target price on shares of Regal Rexnord from $180.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. boosted their target price on shares of Regal Rexnord from $190.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Wall Street Zen downgraded shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 28th. Finally, The Goldman Sachs Group boosted their target price on shares of Regal Rexnord from $170.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $231.00.

Read Our Latest Analysis on RRX

Insider Buying and Selling

In related news, CEO Louis V. Pinkham sold 22,509 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $211.68, for a total transaction of $4,764,705.12. Following the completion of the sale, the chief executive officer directly owned 56,749 shares of the company’s stock, valued at approximately $12,012,628.32. This represents a 28.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert Rehard sold 968 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $223.00, for a total transaction of $215,864.00. Following the sale, the chief financial officer directly owned 34,447 shares of the company’s stock, valued at approximately $7,681,681. This represents a 2.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 26,063 shares of company stock valued at $5,545,547. Company insiders own 0.63% of the company’s stock.

Regal Rexnord Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Regal Rexnord (NYSE:RRX)

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