Capital International Ltd. CA Has $3.31 Million Stake in Regal Rexnord Co. (NYSE:RRX)

Capital International Ltd. CA boosted its holdings in Regal Rexnord Co. (NYSE:RRX) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,310 shares of the company’s stock after purchasing an additional 1,364 shares during the period. Capital International Ltd. CA’s holdings in Regal Rexnord were worth $3,306,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RRX. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Regal Rexnord by 472.4% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 166 shares of the company’s stock valued at $25,000 after acquiring an additional 137 shares in the last quarter. Bernard Wealth Management Corp. bought a new position in Regal Rexnord in the fourth quarter valued at approximately $30,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Regal Rexnord during the 4th quarter worth approximately $33,000. Tobam acquired a new stake in shares of Regal Rexnord in the 4th quarter valued at approximately $45,000. Finally, Jones Financial Companies Lllp grew its stake in shares of Regal Rexnord by 90.5% in the fourth quarter. Jones Financial Companies Lllp now owns 322 shares of the company’s stock valued at $50,000 after buying an additional 153 shares in the last quarter. 99.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. The Goldman Sachs Group cut their price target on shares of Regal Rexnord from $183.00 to $163.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. StockNews.com downgraded Regal Rexnord from a “buy” rating to a “hold” rating in a research report on Wednesday. Barclays cut their price objective on Regal Rexnord from $160.00 to $155.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Citigroup decreased their target price on Regal Rexnord from $170.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Finally, Oppenheimer cut their price target on Regal Rexnord from $210.00 to $190.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $170.75.

Regal Rexnord Stock Performance

RRX opened at $98.38 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.26 and a quick ratio of 1.25. The business has a fifty day simple moving average of $118.11 and a 200 day simple moving average of $148.57. Regal Rexnord Co. has a 1 year low of $90.56 and a 1 year high of $185.28. The company has a market capitalization of $6.52 billion, a PE ratio of 33.35, a price-to-earnings-growth ratio of 1.37 and a beta of 1.09.

Regal Rexnord (NYSE:RRX) last released its quarterly earnings results on Wednesday, February 5th. The company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.22). Regal Rexnord had a return on equity of 9.57% and a net margin of 3.25%. Research analysts expect that Regal Rexnord Co. will post 9.95 EPS for the current year.

Regal Rexnord Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were paid a dividend of $0.35 per share. The ex-dividend date was Monday, March 31st. This represents a $1.40 dividend on an annualized basis and a yield of 1.42%. Regal Rexnord’s dividend payout ratio (DPR) is presently 47.46%.

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.