Regal Rexnord (NYSE:RRX) Downgraded by StockNews.com to Hold

Regal Rexnord (NYSE:RRX) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

Several other research firms have also issued reports on RRX. Citigroup reduced their price target on Regal Rexnord from $210.00 to $190.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Oppenheimer reduced their target price on Regal Rexnord from $210.00 to $190.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Jefferies Financial Group began coverage on Regal Rexnord in a research note on Thursday, December 12th. They issued a “buy” rating and a $215.00 price target for the company. Barclays reduced their price objective on shares of Regal Rexnord from $160.00 to $155.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Finally, The Goldman Sachs Group upped their target price on shares of Regal Rexnord from $191.00 to $213.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $195.13.

Regal Rexnord Trading Down 3.6 %

RRX stock traded down $4.23 during midday trading on Monday, reaching $113.80. The stock had a trading volume of 937,727 shares, compared to its average volume of 492,797. The firm has a market cap of $7.54 billion, a price-to-earnings ratio of 38.57, a PEG ratio of 1.37 and a beta of 1.11. Regal Rexnord has a twelve month low of $111.47 and a twelve month high of $185.28. The company has a quick ratio of 1.25, a current ratio of 2.26 and a debt-to-equity ratio of 0.87. The business has a fifty day simple moving average of $135.21 and a two-hundred day simple moving average of $155.42.

Regal Rexnord (NYSE:RRX) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $2.34 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.22). Regal Rexnord had a return on equity of 9.57% and a net margin of 3.25%. As a group, research analysts expect that Regal Rexnord will post 9.95 EPS for the current fiscal year.

Institutional Investors Weigh In On Regal Rexnord

Institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC raised its stake in shares of Regal Rexnord by 11.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,478 shares of the company’s stock valued at $540,000 after purchasing an additional 346 shares during the period. Jefferies Financial Group Inc. bought a new position in shares of Regal Rexnord during the fourth quarter worth about $1,427,000. Bernard Wealth Management Corp. acquired a new stake in Regal Rexnord in the 4th quarter valued at approximately $31,000. B. Riley Wealth Advisors Inc. lifted its stake in Regal Rexnord by 12.5% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 2,369 shares of the company’s stock valued at $368,000 after acquiring an additional 264 shares in the last quarter. Finally, Integrated Advisors Network LLC acquired a new position in Regal Rexnord during the 4th quarter worth approximately $319,000. 99.72% of the stock is owned by institutional investors.

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.