SG Americas Securities LLC Has $2.16 Million Position in Regal Beloit Corp (NYSE:RBC)

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SG Americas Securities LLC lifted its holdings in shares of Regal Beloit Corp (NYSE:RBC) by 26.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,388 shares of the industrial products company’s stock after purchasing an additional 5,544 shares during the quarter. SG Americas Securities LLC owned 0.06% of Regal Beloit worth $2,156,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of Regal Beloit by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,897,287 shares of the industrial products company’s stock worth $202,956,000 after buying an additional 59,222 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Regal Beloit by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 519,839 shares of the industrial products company’s stock worth $36,413,000 after buying an additional 13,442 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Regal Beloit by 21.8% in the fourth quarter. Deutsche Bank AG now owns 88,913 shares of the industrial products company’s stock worth $6,225,000 after buying an additional 15,938 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Regal Beloit by 224.4% in the first quarter. State of Alaska Department of Revenue now owns 14,885 shares of the industrial products company’s stock worth $1,218,000 after buying an additional 10,297 shares during the last quarter. Finally, Foundry Partners LLC increased its stake in shares of Regal Beloit by 9.0% in the first quarter. Foundry Partners LLC now owns 233,040 shares of the industrial products company’s stock worth $19,079,000 after buying an additional 19,166 shares during the last quarter. 91.08% of the stock is currently owned by institutional investors.

A number of brokerages recently issued reports on RBC. Royal Bank of Canada restated a “hold” rating on shares of Regal Beloit in a research note on Tuesday, May 7th. BMO Capital Markets dropped their price target on shares of 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. Zacks Investment Research upgraded shares of Regal Beloit from a “sell” rating to a “hold” rating and set a $81.00 price target for the company in a research note on Monday, August 5th. Finally, Goldman Sachs Group set a $80.00 price target on shares of Regal Beloit and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Regal Beloit has an average rating of “Hold” and a consensus target price of $85.80.

Shares of NYSE:RBC opened at $69.37 on Friday. The company has a current ratio of 2.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.53. The company has a fifty day simple moving average of $78.82 and a 200 day simple moving average of $80.41. The firm has a market cap of $3.04 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.28 and a beta of 1.58. Regal Beloit Corp has a 12-month low of $66.04 and a 12-month high of $87.31.

Regal Beloit (NYSE:RBC) last released its quarterly earnings data on Monday, August 5th. The industrial products company reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.11). The business had revenue of $873.70 million during the quarter, compared to analyst estimates of $903.84 million. Regal Beloit had a return on equity of 10.81% and a net margin of 7.34%. The business’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.60 EPS. As a group, equities research analysts forecast that Regal Beloit Corp will post 5.68 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, September 26th. Regal Beloit’s dividend payout ratio is presently 20.00%.

Regal Beloit 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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