Yousif Capital Management LLC Sells 969 Shares of Regal Rexnord Co. (NYSE:RRX)

Yousif Capital Management LLC decreased its stake in shares of Regal Rexnord Co. (NYSE:RRX) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,193 shares of the company’s stock after selling 969 shares during the quarter. Yousif Capital Management LLC’s holdings in Regal Rexnord were worth $3,753,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of RRX. Creative Planning boosted its holdings in shares of Regal Rexnord by 28.5% during the 2nd quarter. Creative Planning now owns 2,805 shares of the company’s stock valued at $379,000 after purchasing an additional 622 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Regal Rexnord during the second quarter valued at approximately $263,000. GAMMA Investing LLC grew its holdings in Regal Rexnord by 30.0% during the 3rd quarter. GAMMA Investing LLC now owns 841 shares of the company’s stock valued at $140,000 after buying an additional 194 shares in the last quarter. UMB Bank n.a. increased its stake in Regal Rexnord by 72.5% in the 3rd quarter. UMB Bank n.a. now owns 345 shares of the company’s stock worth $57,000 after acquiring an additional 145 shares during the last quarter. Finally, Ritholtz Wealth Management purchased a new stake in shares of Regal Rexnord during the 3rd quarter worth approximately $271,000. 99.72% of the stock is owned by hedge funds and other institutional investors.

Regal Rexnord Stock Down 2.8 %

Shares of NYSE RRX opened at $138.93 on Friday. Regal Rexnord Co. has a 1 year low of $130.94 and a 1 year high of $185.28. The firm has a 50-day simple moving average of $160.47 and a two-hundred day simple moving average of $162.90. The company has a market cap of $9.20 billion, a P/E ratio of 43.83, a PEG ratio of 1.53 and a beta of 1.03. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.45 and a quick ratio of 1.35.

Regal Rexnord (NYSE:RRX) last issued 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 return on equity of 9.48% and a net margin of 3.41%. Research analysts anticipate that Regal Rexnord Co. will post 9.24 earnings per share for the current year.

Regal Rexnord Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Monday, March 31st. Regal Rexnord’s dividend payout ratio is 44.16%.

Analyst Upgrades and Downgrades

RRX has been the subject of a number of recent research reports. 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 report on Thursday, December 12th. StockNews.com cut shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 16th. Robert W. Baird reduced their target price on shares of Regal Rexnord from $223.00 to $208.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Jefferies Financial Group assumed coverage on shares of Regal Rexnord in a report on Thursday, December 12th. They issued a “buy” rating and a $215.00 price target for the company. Finally, Citigroup reduced their price objective on Regal Rexnord from $210.00 to $190.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.50.

About Regal Rexnord

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.