Regal Beloit Corp (RBC) Stake Lessened by Cambria Investment Management L.P.

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Cambria Investment Management L.P. decreased its holdings in Regal Beloit Corp (NYSE:RBC) by 4.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,980 shares of the industrial products company’s stock after selling 636 shares during the quarter. Cambria Investment Management L.P.’s holdings in Regal Beloit were worth $1,063,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in RBC. Riverview Trust Co bought a new position in Regal Beloit during the fourth quarter valued at about $29,000. North Star Investment Management Corp. bought a new position in Regal Beloit during the first quarter valued at about $39,000. Resources Investment Advisors Inc. boosted its stake in Regal Beloit by 162.7% during the fourth quarter. Resources Investment Advisors Inc. now owns 654 shares of the industrial products company’s stock valued at $46,000 after buying an additional 405 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Regal Beloit by 159.6% during the first quarter. Quadrant Capital Group LLC now owns 1,137 shares of the industrial products company’s stock valued at $90,000 after buying an additional 699 shares in the last quarter. Finally, TD Asset Management Inc. bought a new position in Regal Beloit during the first quarter valued at about $216,000. 92.17% of the stock is owned by institutional investors.

Several research analysts recently weighed in on RBC shares. Zacks Investment Research raised Regal Beloit from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a research note on Wednesday, April 10th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Regal Beloit in a research note on Tuesday, February 5th. BMO Capital Markets decreased their target price on Regal Beloit from $95.00 to $93.00 and set a “market perform” rating for the company in a research note on Wednesday, May 8th. Finally, Wells Fargo & Co raised their target price on Regal Beloit from $75.00 to $85.00 and gave the company a “market perform” rating in a research note on Wednesday, February 6th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $92.50.

Shares of NYSE RBC opened at $74.83 on Friday. Regal Beloit Corp has a 12 month low of $66.04 and a 12 month high of $87.31. The firm has a market cap of $3.26 billion, a PE ratio of 12.47, a P/E/G ratio of 1.19 and a beta of 1.54. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.71 and a quick ratio of 1.53.

Regal Beloit (NYSE:RBC) last announced its earnings results on Monday, May 6th. The industrial products company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.41 by $0.02. Regal Beloit had a return on equity of 11.24% and a net margin of 7.15%. The business had revenue of $853.80 million during the quarter, compared to the consensus estimate of $882.61 million. During the same period in the prior year, the business posted $1.34 earnings per share. Regal Beloit’s revenue was down 2.8% compared to the same quarter last year. On average, research analysts anticipate that Regal Beloit Corp will post 6.37 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.60%. This is an increase from Regal Beloit’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, June 27th. Regal Beloit’s dividend payout ratio is currently 18.67%.

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Regal Beloit Company Profile

Regal Beloit Corporation, together with its subsidiaries, designs, manufactures, and sells electric motors, electrical motion controls, and power generation and transmission products worldwide. It operates through three segments: Commercial and Industrial Systems, Climate Solutions, and Power Transmission Solutions.

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Institutional Ownership by Quarter for Regal Beloit (NYSE:RBC)

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