William Blair Investment Management LLC Has $131.53 Million Holdings in Regal Rexnord Co. (NYSE:RRX)

William Blair Investment Management LLC cut its holdings in shares of Regal Rexnord Co. (NYSE:RRX - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 847,841 shares of the company's stock after selling 36,633 shares during the period. William Blair Investment Management LLC owned about 1.28% of Regal Rexnord worth $131,526,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CIBC Asset Management Inc grew its holdings in shares of Regal Rexnord by 3.2% during the third quarter. CIBC Asset Management Inc now owns 1,960 shares of the company's stock worth $325,000 after purchasing an additional 61 shares during the last quarter. iA Global Asset Management Inc. raised its stake in shares of Regal Rexnord by 2.7% in the third quarter. iA Global Asset Management Inc. now owns 2,626 shares of the company's stock worth $436,000 after acquiring an additional 68 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Regal Rexnord by 7.4% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,111 shares of the company's stock worth $190,000 after acquiring an additional 77 shares during the last quarter. Moors & Cabot Inc. grew its stake in shares of Regal Rexnord by 4.1% during the fourth quarter. Moors & Cabot Inc. now owns 2,139 shares of the company's stock valued at $332,000 after purchasing an additional 85 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of Regal Rexnord by 30.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 430 shares of the company's stock valued at $71,000 after purchasing an additional 100 shares in the last quarter. 99.72% of the stock is owned by institutional investors and hedge funds.

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Regal Rexnord Trading Down 2.2 %

NYSE:RRX traded down $2.71 during trading hours on Friday, hitting $120.82. The stock had a trading volume of 826,550 shares, compared to its average volume of 481,228. The business's 50 day moving average is $140.01 and its 200-day moving average is $156.90. 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 company has a market cap of $8.01 billion, a price-to-earnings ratio of 40.96, a P/E/G ratio of 1.37 and a beta of 1.11. Regal Rexnord Co. has a one year low of $113.73 and a one year high of $185.28.

Regal Rexnord (NYSE:RRX - Get Free Report) last released 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%. Sell-side analysts anticipate that Regal Rexnord Co. will post 9.95 EPS for the current fiscal year.

Regal Rexnord Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a $0.35 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.40 annualized dividend and a dividend yield of 1.16%. Regal Rexnord's dividend payout ratio is presently 47.46%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Oppenheimer decreased their price objective 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. Citigroup decreased their price target on Regal Rexnord from $210.00 to $190.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. StockNews.com cut Regal Rexnord from a "strong-buy" rating to a "buy" rating in a report on Thursday, January 16th. The Goldman Sachs Group raised their target price on shares of Regal Rexnord from $191.00 to $213.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Finally, Jefferies Financial Group began coverage on shares of Regal Rexnord in a research note on Thursday, December 12th. They set a "buy" rating and a $215.00 price target for the company. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.