Polar Asset Management Partners Inc. Purchases Shares of 47,336 Regal Rexnord Corporation $RRX

Polar Asset Management Partners Inc. acquired a new position in Regal Rexnord Corporation (NYSE:RRX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 47,336 shares of the company’s stock, valued at approximately $11,275,000. Polar Asset Management Partners Inc. owned 0.07% of Regal Rexnord as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in RRX. AQR Capital Management LLC raised its holdings in shares of Regal Rexnord by 208.1% during the first quarter. AQR Capital Management LLC now owns 17,747 shares of the company’s stock valued at $2,011,000 after acquiring an additional 11,987 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Regal Rexnord by 91.6% in the first quarter. Jones Financial Companies Lllp now owns 617 shares of the company’s stock valued at $70,000 after acquiring an additional 295 shares in the last quarter. Geneos Wealth Management Inc. increased its position in Regal Rexnord by 135.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock valued at $25,000 after purchasing an additional 127 shares during the period. Cetera Investment Advisers increased its position in Regal Rexnord by 6.7% during the 2nd quarter. Cetera Investment Advisers now owns 3,116 shares of the company’s stock valued at $452,000 after purchasing an additional 196 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in Regal Rexnord in the 2nd quarter worth $4,759,000. 99.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on RRX shares. Wall Street Zen cut shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. JPMorgan Chase & Co. boosted their price target on shares of Regal Rexnord from $230.00 to $240.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Wolfe Research set a $250.00 price target on shares of Regal Rexnord in a research note on Thursday, July 9th. Citigroup upped their target price on Regal Rexnord from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Finally, Oppenheimer reissued an “outperform” rating on shares of Regal Rexnord in a research report on Friday, July 10th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $244.92.

Regal Rexnord Price Performance

Shares of NYSE RRX opened at $162.20 on Wednesday. Regal Rexnord Corporation has a fifty-two week low of $127.96 and a fifty-two week high of $247.80. The company has a 50 day simple moving average of $202.19 and a two-hundred day simple moving average of $203.81. The company has a market capitalization of $10.80 billion, a price-to-earnings ratio of 33.44, a P/E/G ratio of 1.21 and a beta of 1.09. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.16 and a current ratio of 2.28.

Regal Rexnord (NYSE:RRX) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.41. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Regal Rexnord had a return on equity of 9.93% and a net margin of 5.35%.The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.48 EPS. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. Analysts expect that Regal Rexnord Corporation will post 10.68 EPS for the current fiscal year.

Regal Rexnord Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.35 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.40 dividend on an annualized basis and a yield of 0.9%. Regal Rexnord’s payout ratio is presently 28.87%.

Regal Rexnord Company Profile

Regal Rexnord Corporation (NYSE: RRX) is a global industrial manufacturer specializing in electric motors, power generation equipment and automated motion control systems. The company designs, engineers and produces a broad portfolio of products that includes energy-efficient electric motors, variable frequency drives, gearboxes, couplings, bearings and power transmission components. These offerings support critical applications in industries such as heating, ventilation and air conditioning (HVAC), refrigeration, data centers, water treatment, food and beverage processing, mining, oil and gas, and material handling.

The company’s operations are organized into multiple business segments that address distinct customer needs.