Universal Beteiligungs und Servicegesellschaft mbH Has $3.21 Million Holdings in Regal Rexnord Corporation $RRX

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Regal Rexnord Corporation (NYSE:RRX) by 53.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,379 shares of the company’s stock after buying an additional 7,773 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Regal Rexnord were worth $3,210,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of RRX. Viking Global Investors LP grew its position in Regal Rexnord by 25.7% in the second quarter. Viking Global Investors LP now owns 3,430,128 shares of the company’s stock worth $497,231,000 after acquiring an additional 701,145 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Regal Rexnord by 30.7% in the 3rd quarter. Nordea Investment Management AB now owns 2,028,936 shares of the company’s stock valued at $289,083,000 after purchasing an additional 476,802 shares during the last quarter. Norges Bank acquired a new position in Regal Rexnord during the second quarter worth $256,155,000. Invesco Ltd. raised its holdings in Regal Rexnord by 36.6% during the second quarter. Invesco Ltd. now owns 1,274,266 shares of the company’s stock valued at $184,718,000 after buying an additional 341,437 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Regal Rexnord by 0.4% in the second quarter. Alliancebernstein L.P. now owns 812,164 shares of the company’s stock worth $117,731,000 after buying an additional 3,574 shares during the last quarter. Institutional investors and hedge funds own 99.72% of the company’s stock.

Regal Rexnord Price Performance

Shares of RRX stock opened at $156.90 on Thursday. Regal Rexnord Corporation has a 52 week low of $90.56 and a 52 week high of $165.40. The stock has a market capitalization of $10.42 billion, a PE ratio of 40.54, a PEG ratio of 1.43 and a beta of 1.12. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.97 and a current ratio of 2.05. The stock’s fifty day moving average is $148.03 and its 200-day moving average is $145.87.

Regal Rexnord (NYSE:RRX) last released its earnings results on Thursday, October 30th. The company reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.05). Regal Rexnord had a return on equity of 9.64% and a net margin of 4.38%.The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the firm earned $2.49 EPS. The company’s revenue was up 1.3% compared to the same quarter last year. Equities research analysts expect that Regal Rexnord Corporation will post 9.95 EPS for the current fiscal year.

Regal Rexnord Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.9%. Regal Rexnord’s dividend payout ratio (DPR) is currently 36.18%.

Insider Buying and Selling at Regal Rexnord

In other Regal Rexnord news, CEO Louis V. Pinkham sold 35,935 shares of Regal Rexnord stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $146.20, for a total value of $5,253,697.00. Following the transaction, the chief executive officer owned 103,262 shares of the company’s stock, valued at approximately $15,096,904.40. The trade was a 25.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.82% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Robert W. Baird set a $212.00 target price on shares of Regal Rexnord in a research note on Friday, October 31st. Jefferies Financial Group downgraded Regal Rexnord from a “buy” rating to a “hold” rating and lowered their price target for the company from $170.00 to $160.00 in a research report on Wednesday, December 10th. KeyCorp boosted their price objective on Regal Rexnord from $170.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday. Citigroup raised their target price on Regal Rexnord from $175.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Regal Rexnord in a research report on Thursday, January 22nd. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $180.25.

Regal Rexnord Company Profile

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.