Regal Beloit Corp (NYSE:RBC) was the recipient of some unusual options trading on Monday. Stock traders bought 2,500 call options on the stock. This represents an increase of approximately 1,320% compared to the average volume of 176 call options.
Regal Beloit (NYSE RBC) opened at $74.20 on Tuesday. The firm has a market capitalization of $3,292.89, a P/E ratio of 15.26, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44. Regal Beloit has a 1 year low of $67.84 and a 1 year high of $87.50. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 2.21.
Regal Beloit (NYSE:RBC) last posted its quarterly earnings results on Monday, February 5th. The industrial products company reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.01. The firm had revenue of $820.70 million for the quarter, compared to analyst estimates of $794.65 million. Regal Beloit had a return on equity of 9.64% and a net margin of 6.34%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.04 EPS. sell-side analysts forecast that Regal Beloit will post 5.58 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of the business. Aperio Group LLC increased its position in shares of Regal Beloit by 4.8% during the 3rd quarter. Aperio Group LLC now owns 14,965 shares of the industrial products company’s stock worth $1,182,000 after purchasing an additional 684 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Regal Beloit by 1.0% during the 3rd quarter. American Century Companies Inc. now owns 72,201 shares of the industrial products company’s stock worth $5,704,000 after acquiring an additional 750 shares during the last quarter. Alpha Windward LLC increased its holdings in shares of Regal Beloit by 16.6% during the 4th quarter. Alpha Windward LLC now owns 7,136 shares of the industrial products company’s stock worth $547,000 after acquiring an additional 1,016 shares during the last quarter. Lingohr & Partner Asset Management GmbH increased its holdings in shares of Regal Beloit by 5.9% during the 4th quarter. Lingohr & Partner Asset Management GmbH now owns 19,847 shares of the industrial products company’s stock worth $1,520,000 after acquiring an additional 1,100 shares during the last quarter. Finally, South Dakota Investment Council increased its holdings in shares of Regal Beloit by 2.8% during the 3rd quarter. South Dakota Investment Council now owns 43,700 shares of the industrial products company’s stock worth $3,452,000 after acquiring an additional 1,200 shares during the last quarter. 96.70% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have commented on the company. ValuEngine cut Regal Beloit from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Barclays assumed coverage on Regal Beloit in a research note on Thursday, February 15th. They issued an “equal weight” rating and a $80.00 target price on the stock. Zacks Investment Research upgraded Regal Beloit from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Tuesday, February 13th. Barrington Research restated an “outperform” rating and issued a $87.00 target price on shares of Regal Beloit in a research note on Monday, February 12th. Finally, Seaport Global Securities upgraded Regal Beloit from a “neutral” rating to a “buy” rating and boosted their target price for the company from $82.00 to $88.00 in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $86.08.
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Regal Beloit Company Profile
Regal Beloit Corporation is a manufacturer of electric motors, electrical motion controls, power generation and power transmission products. The Company operates through three segments: the Commercial and Industrial Systems segment, with its principal line of business in medium and large electric motors, power generation products, high-performance drives and controls and capacitors; the Climate Solutions segment, with its principal line of business in small motors, controls and air moving products, and the Power Transmission Solutions segment, with its principal line of business in power transmission gearing, hydraulic pump drives, open gearing and specialty mechanical products which control motion and torque.
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