Proficio Capital Partners LLC Invests $6.07 Million in Regal Rexnord Co. (NYSE:RRX)
Proficio Capital Partners LLC acquired a new stake in shares of Regal Rexnord Co. (NYSE:RRX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 39,122 shares of the company's stock, valued at approximately $6,069,000. Proficio Capital Partners LLC owned about 0.06% of Regal Rexnord as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of RRX. Tobam purchased a new stake in shares of Regal Rexnord during the 4th quarter valued at about $45,000. Nomura Asset Management Co. Ltd. increased its holdings in 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 buying an additional 100 shares during the last quarter. GAMMA Investing LLC raised its position in Regal Rexnord by 28.3% in the fourth quarter. GAMMA Investing LLC now owns 1,079 shares of the company's stock worth $167,000 after acquiring an additional 238 shares during the period. OneDigital Investment Advisors LLC purchased a new position in shares of Regal Rexnord during the 3rd quarter worth $209,000. Finally, First Citizens Bank & Trust Co. bought a new stake in shares of Regal Rexnord during the 4th quarter valued at $213,000. Institutional investors own 99.72% of the company's stock.
Regal Rexnord stock opened at $123.60 on Tuesday. Regal Rexnord Co. has a 1 year low of $121.53 and a 1 year high of $185.28. The firm's 50 day moving average price is $150.13 and its 200-day moving average price is $160.99. 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 cap of $8.19 billion, a P/E ratio of 41.90, a PEG ratio of 1.37 and a beta of 1.03.
Regal Rexnord (NYSE:RRX - Get Free Report) last announced its quarterly 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 net margin of 3.25% and a return on equity of 9.57%. On average, equities analysts predict that Regal Rexnord Co. will post 9.95 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Monday, March 31st. Regal Rexnord's payout ratio is presently 47.46%.
A number of brokerages recently commented on RRX. Citigroup decreased their target price on Regal Rexnord from $210.00 to $190.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Oppenheimer lowered 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. Jefferies Financial Group began coverage on shares of Regal Rexnord in a report on Thursday, December 12th. They issued a "buy" rating and a $215.00 target price for the company. StockNews.com cut shares of Regal Rexnord from a "strong-buy" rating to a "buy" rating in a research note on Thursday, January 16th. Finally, Barclays dropped their price target on shares of Regal Rexnord from $190.00 to $176.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $197.75.
View Our Latest Report on RRX
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.
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