New Age Alpha Advisors LLC Invests $6.43 Million in Regal Rexnord Co. (NYSE:RRX)

New Age Alpha Advisors LLC bought a new stake in Regal Rexnord Co. (NYSE:RRX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 41,427 shares of the company's stock, valued at approximately $6,427,000. New Age Alpha Advisors LLC owned 0.06% of Regal Rexnord at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in RRX. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Regal Rexnord by 472.4% during the fourth 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. Tobam bought a new stake in shares of Regal Rexnord during the 4th quarter worth about $45,000. Jones Financial Companies Lllp lifted its stake in shares of Regal Rexnord by 90.5% in the 4th quarter. Jones Financial Companies Lllp now owns 322 shares of the company's stock worth $50,000 after acquiring an additional 153 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Regal Rexnord by 45.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 337 shares of the company's stock valued at $52,000 after acquiring an additional 105 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of Regal Rexnord by 30.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 430 shares of the company's stock valued at $71,000 after acquiring an additional 100 shares during the period. Institutional investors own 99.72% of the company's stock.

Regal Rexnord Stock Up 0.3 %

Shares of NYSE:RRX traded up $0.29 on Tuesday, reaching $114.14. The company had a trading volume of 170,303 shares, compared to its average volume of 491,626. The company has a quick ratio of 1.25, a current ratio of 2.26 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $7.56 billion, a P/E ratio of 38.84, a P/E/G ratio of 1.37 and a beta of 1.11. The stock has a 50-day moving average price of $135.21 and a 200 day moving average price of $155.42. Regal Rexnord Co. has a twelve month low of $111.15 and a twelve month high of $185.28.

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

Regal Rexnord Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Monday, March 31st. Regal Rexnord's dividend payout ratio is currently 47.46%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on RRX shares. Barclays reduced their target price on shares of Regal Rexnord from $160.00 to $155.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Oppenheimer reduced their price objective on Regal Rexnord from $210.00 to $190.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. Citigroup cut their target price on Regal Rexnord from $210.00 to $190.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. The Goldman Sachs Group increased their price target on Regal Rexnord from $191.00 to $213.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Finally, StockNews.com downgraded Regal Rexnord from a "buy" rating to a "hold" rating in a report on Monday. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $195.13.

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.