Candriam S.C.A. Invests $3.54 Million in Regal Rexnord Co. (NYSE:RRX)

Candriam S.C.A. bought a new position in shares of Regal Rexnord Co. (NYSE:RRX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 22,805 shares of the company's stock, valued at approximately $3,538,000.

Several other large investors have also recently bought and sold shares of RRX. Robeco Institutional Asset Management B.V. grew its stake in shares of Regal Rexnord by 0.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 32,427 shares of the company's stock valued at $5,379,000 after buying an additional 289 shares in the last quarter. Atria Investments Inc acquired a new position in shares of Regal Rexnord during the 3rd quarter worth about $257,000. TimesSquare Capital Management LLC raised its holdings in shares of Regal Rexnord by 0.8% in the 3rd quarter. TimesSquare Capital Management LLC now owns 651,586 shares of the company's stock valued at $108,085,000 after purchasing an additional 5,331 shares during the period. Crossmark Global Holdings Inc. lifted its stake in Regal Rexnord by 18.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,705 shares of the company's stock valued at $780,000 after purchasing an additional 725 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Regal Rexnord in the third quarter valued at approximately $229,000. 99.72% of the stock is owned by institutional investors and hedge funds.

Regal Rexnord Trading Up 0.3 %

Shares of NYSE RRX traded up $0.30 during midday trading on Wednesday, reaching $118.81. The stock had a trading volume of 583,738 shares, compared to its average volume of 472,042. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 2.26. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 40.27, a price-to-earnings-growth ratio of 1.37 and a beta of 1.11. The company's 50 day moving average price is $145.17 and its 200 day moving average price is $159.07. Regal Rexnord Co. has a twelve month low of $113.73 and a twelve month high of $185.28.

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Regal Rexnord (NYSE:RRX - Get Free Report) last announced its quarterly earnings data 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 net margin of 3.25% and a return on equity of 9.57%. As a group, sell-side analysts expect that Regal Rexnord Co. will post 9.95 EPS for the current year.

Regal Rexnord Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Monday, March 31st. Regal Rexnord's dividend payout ratio is currently 47.46%.

Analysts Set New Price Targets

Several brokerages have issued reports on RRX. The Goldman Sachs Group raised their price target on Regal Rexnord from $191.00 to $213.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Citigroup reduced their target price on shares of Regal Rexnord from $210.00 to $190.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Barclays cut their price objective on shares of Regal Rexnord from $176.00 to $160.00 and set an "overweight" rating for the company in a research report on Monday. StockNews.com lowered Regal Rexnord from a "strong-buy" rating to a "buy" rating in a research note on Thursday, January 16th. Finally, Jefferies Financial Group started coverage on Regal Rexnord in a report on Thursday, December 12th. They issued a "buy" rating and a $215.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $195.75.

Regal Rexnord Company 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.