Ceredex Value Advisors LLC Sells 54,075 Shares of Regal Rexnord Co. (NYSE:RRX)

Ceredex Value Advisors LLC trimmed its holdings in Regal Rexnord Co. (NYSE:RRX - Free Report) by 22.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,400 shares of the company's stock after selling 54,075 shares during the quarter. Ceredex Value Advisors LLC owned about 0.28% of Regal Rexnord worth $28,451,000 at the end of the most recent reporting period.

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

Regal Rexnord Trading Down 2.7 %

Shares of Regal Rexnord stock traded down $2.61 on Monday, hitting $95.78. 266,841 shares of the company's stock traded hands, compared to its average volume of 530,034. Regal Rexnord Co. has a one year low of $90.56 and a one year high of $185.28. 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 stock has a market capitalization of $6.35 billion, a PE ratio of 32.47, a price-to-earnings-growth ratio of 1.37 and a beta of 1.09. The firm's 50-day moving average price is $118.11 and its two-hundred day moving average price is $148.35.

Regal Rexnord (NYSE:RRX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $2.34 earnings per share (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%. On average, research analysts expect that Regal Rexnord Co. will post 9.95 EPS for the current fiscal year.

Regal Rexnord Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.46%. The ex-dividend date was Monday, March 31st. Regal Rexnord's payout ratio is 47.46%.

Wall Street Analyst Weigh In

RRX has been the topic of a number of recent analyst reports. Oppenheimer cut their target price on Regal Rexnord from $210.00 to $190.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. KeyCorp decreased their price objective on shares of Regal Rexnord from $180.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Barclays dropped their price target on Regal Rexnord from $160.00 to $155.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. The Goldman Sachs Group dropped their price objective on shares of Regal Rexnord from $183.00 to $163.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Finally, StockNews.com cut Regal Rexnord from a "buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Regal Rexnord has an average rating of "Moderate Buy" and a consensus target price of $170.75.

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.