Pacer Advisors Inc. Has $446,000 Stake in Regal Beloit Corporation (NYSE:RBC)

Pacer Advisors Inc. raised its stake in Regal Beloit Corporation (NYSE:RBC) by 9.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,473 shares of the industrial products company’s stock after purchasing an additional 495 shares during the quarter. Pacer Advisors Inc.’s holdings in Regal Beloit Corporation were worth $446,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of RBC. Tyers Asset Management LLC raised its holdings in Regal Beloit Corporation by 47.7% during the first quarter. Tyers Asset Management LLC now owns 2,080 shares of the industrial products company’s stock worth $157,000 after purchasing an additional 672 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Regal Beloit Corporation by 5.6% during the first quarter. Envestnet Asset Management Inc. now owns 2,514 shares of the industrial products company’s stock worth $191,000 after purchasing an additional 134 shares during the last quarter. World Asset Management Inc acquired a new position in Regal Beloit Corporation during the first quarter worth $207,000. Elkfork Partners LLC raised its holdings in Regal Beloit Corporation by 47.7% during the first quarter. Elkfork Partners LLC now owns 2,860 shares of the industrial products company’s stock worth $216,000 after purchasing an additional 924 shares during the last quarter. Finally, Airain ltd acquired a new position in Regal Beloit Corporation during the second quarter worth $224,000. Hedge funds and other institutional investors own 92.17% of the company’s stock.

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In related news, Director Henry W. Knueppel sold 20,000 shares of the stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $85.00, for a total value of $1,700,000.00. Following the completion of the transaction, the director now owns 3,726 shares of the company’s stock, valued at approximately $316,710. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.20% of the company’s stock.

Regal Beloit Corporation (NYSE RBC) traded down 0.77% during midday trading on Friday, reaching $77.05. The company’s stock had a trading volume of 452,980 shares. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 17.01 and a beta of 1.52. Regal Beloit Corporation has a 12 month low of $56.45 and a 12 month high of $87.50. The stock’s 50-day moving average price is $77.80 and its 200-day moving average price is $78.66.

Regal Beloit Corporation (NYSE:RBC) last announced its earnings results on Monday, August 7th. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.01. Regal Beloit Corporation had a net margin of 6.29% and a return on equity of 9.88%. The firm had revenue of $869.20 million for the quarter, compared to analyst estimates of $854.66 million. During the same quarter in the prior year, the business posted $1.14 EPS. The business’s revenue was up 3.6% compared to the same quarter last year. Analysts predict that Regal Beloit Corporation will post $4.86 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.04 annualized dividend and a dividend yield of 1.35%. Regal Beloit Corporation’s dividend payout ratio is 22.96%.

Several equities analysts recently issued reports on RBC shares. Zacks Investment Research cut Regal Beloit Corporation from a “buy” rating to a “hold” rating in a report on Monday, June 5th. Credit Suisse Group reissued a “buy” rating and issued a $88.00 price target on shares of Regal Beloit Corporation in a report on Thursday, June 29th. Stifel Nicolaus reiterated a “hold” rating and issued a $85.00 target price on shares of Regal Beloit Corporation in a research note on Tuesday, August 22nd. BidaskClub upgraded Regal Beloit Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Finally, Wolfe Research assumed coverage on Regal Beloit Corporation in a research note on Tuesday, July 11th. They issued a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $83.00.

Regal Beloit Corporation Profile

Regal Beloit Corporation is a manufacturer of electric motors, electrical motion controls, power generation and power transmission products. The Company operates through three segments: the Commercial and Industrial Systems segment, with its principal line of business in medium and large electric motors, power generation products, high-performance drives and controls and capacitors; the Climate Solutions segment, with its principal line of business in small motors, controls and air moving products, and the Power Transmission Solutions segment, with its principal line of business in power transmission gearing, hydraulic pump drives, open gearing and specialty mechanical products which control motion and torque.

Institutional Ownership by Quarter for Regal Beloit Corporation (NYSE:RBC)

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