Regal Rexnord Corporation $RRX Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC trimmed its stake in Regal Rexnord Corporation (NYSE:RRX) by 77.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,271 shares of the company’s stock after selling 7,732 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Regal Rexnord were worth $329,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Nordea Investment Management AB acquired a new position in shares of Regal Rexnord in the 2nd quarter valued at $224,889,000. Nuveen LLC purchased a new position in shares of Regal Rexnord in the 1st quarter worth $117,996,000. Invesco Ltd. boosted its holdings in Regal Rexnord by 76.3% in the first quarter. Invesco Ltd. now owns 932,829 shares of the company’s stock valued at $106,203,000 after acquiring an additional 403,845 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Regal Rexnord by 30.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,712,297 shares of the company’s stock valued at $194,955,000 after acquiring an additional 396,737 shares during the period. Finally, Brandywine Global Investment Management LLC acquired a new stake in Regal Rexnord during the first quarter worth about $25,678,000. Hedge funds and other institutional investors own 99.72% of the company’s stock.

Regal Rexnord Trading Down 0.1%

RRX opened at $137.36 on Monday. The firm’s 50 day moving average is $142.25 and its 200-day moving average is $143.08. Regal Rexnord Corporation has a 52-week low of $90.56 and a 52-week high of $182.70. The company has a quick ratio of 0.93, a current ratio of 2.00 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $9.12 billion, a P/E ratio of 35.49, a P/E/G ratio of 1.52 and a beta of 1.19.

Regal Rexnord (NYSE:RRX) last released its quarterly earnings results on Friday, September 8th. The company reported $2.76 earnings per share for the quarter. Regal Rexnord had a net margin of 4.38% and a return on equity of 9.75%. The business had revenue of $1.85 billion during the quarter. Analysts expect that Regal Rexnord Corporation will post 9.95 EPS for the current fiscal year.

Regal Rexnord Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.35 per share. The ex-dividend date is Wednesday, December 31st. This represents a $1.40 annualized dividend and a dividend yield of 1.0%. Regal Rexnord’s dividend payout ratio (DPR) is currently 36.18%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Regal Rexnord from $200.00 to $190.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Barclays reaffirmed an “overweight” rating and set a $165.00 price target on shares of Regal Rexnord in a research report on Monday, November 3rd. The Goldman Sachs Group dropped their price objective on shares of Regal Rexnord from $192.00 to $170.00 and set a “buy” rating for the company in a research report on Tuesday, September 16th. Weiss Ratings restated a “hold (c)” rating on shares of Regal Rexnord in a report on Wednesday, October 8th. Finally, Zacks Research cut shares of Regal Rexnord from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 4th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $184.63.

Regal Rexnord Company 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.