Auxano Advisors LLC Has $1.12 Million Stake in Regal Rexnord Co. (NYSE:RRX)

Auxano Advisors LLC trimmed its stake in Regal Rexnord Co. (NYSE:RRX) by 8.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,217 shares of the company’s stock after selling 633 shares during the period. Auxano Advisors LLC’s holdings in Regal Rexnord were worth $1,120,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Creative Planning raised its position in shares of Regal Rexnord by 11.6% in the third quarter. Creative Planning now owns 3,131 shares of the company’s stock valued at $519,000 after purchasing an additional 326 shares during the period. International Assets Investment Management LLC raised its holdings in Regal Rexnord by 87,585.7% in the 3rd quarter. International Assets Investment Management LLC now owns 6,138 shares of the company’s stock worth $1,018,000 after acquiring an additional 6,131 shares during the period. State of Alaska Department of Revenue lifted its position in Regal Rexnord by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 7,714 shares of the company’s stock worth $1,279,000 after acquiring an additional 520 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Regal Rexnord by 2.7% during the third quarter. Nisa Investment Advisors LLC now owns 3,616 shares of the company’s stock valued at $601,000 after acquiring an additional 95 shares during the period. Finally, First Trust Direct Indexing L.P. acquired a new stake in shares of Regal Rexnord in the third quarter valued at about $272,000. 99.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on RRX shares. The Goldman Sachs Group boosted their price objective on Regal Rexnord from $191.00 to $213.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. StockNews.com lowered Regal Rexnord from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 16th. Oppenheimer lowered their price objective on shares of Regal Rexnord from $210.00 to $190.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Robert W. Baird cut their target price on shares of Regal Rexnord from $223.00 to $208.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Finally, Jefferies Financial Group assumed coverage on shares of Regal Rexnord in a report on Thursday, December 12th. They set 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $197.75.

Regal Rexnord Trading Down 0.4 %

Shares of Regal Rexnord stock opened at $129.45 on Monday. Regal Rexnord Co. has a 52-week low of $127.67 and a 52-week high of $185.28. The firm has a market capitalization of $8.58 billion, a PE ratio of 43.88, a price-to-earnings-growth ratio of 1.37 and a beta of 1.03. 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 company’s fifty day moving average price is $150.13 and its two-hundred day moving average price is $160.94.

Regal Rexnord (NYSE:RRX) last posted its earnings results on Wednesday, February 5th. The company reported $2.34 earnings per share 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, analysts expect that Regal Rexnord Co. will post 9.95 EPS for the current year.

Regal Rexnord Announces Dividend

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 issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.08%. Regal Rexnord’s payout ratio 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.