Wall Street Zen Downgrades Regal Rexnord (NYSE:RRX) to Hold

by · The Markets Daily

Regal Rexnord (NYSE:RRX – Get Free Report) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday, Wall Street Zen reports.

RRX has been the subject of a number of other research reports. KeyCorp cut their price target on shares of Regal Rexnord from $265.00 to $240.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Regal Rexnord in a report on Friday, July 17th. UBS Group set a $260.00 price objective on Regal Rexnord in a research note on Monday, June 15th. Oppenheimer reiterated an “outperform” rating on shares of Regal Rexnord in a research report on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Regal Rexnord in a research note on Monday, July 20th. They issued a “buy” rating and a $286.00 price target on the stock. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Regal Rexnord presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.75.

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Regal Rexnord Price Performance

Regal Rexnord stock opened at $159.87 on Friday. The firm has a market cap of $10.65 billion, a PE ratio of 32.96, a price-to-earnings-growth ratio of 1.27 and a beta of 1.09. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.28 and a quick ratio of 1.16. The stock’s fifty day moving average price is $168.25 and its two-hundred day moving average price is $193.23. Regal Rexnord has a one year low of $127.96 and a one year high of $247.80.

Regal Rexnord (NYSE:RRX – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.41. Regal Rexnord had a return on equity of 9.93% and a net margin of 5.35%.The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the company posted $2.48 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. As a group, research analysts expect that Regal Rexnord will post 10.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Regal Rexnord

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc lifted its holdings in Regal Rexnord by 13.7% in the third quarter. Versant Capital Management Inc now owns 540 shares of the company’s stock valued at $84,000 after buying an additional 65 shares during the period. QRG Capital Management Inc. acquired a new stake in Regal Rexnord during the 2nd quarter worth about $201,000. Anchor Investment Management LLC acquired a new stake in Regal Rexnord during the 2nd quarter worth about $65,000. Sequoia Financial Advisors LLC raised its position in shares of Regal Rexnord by 1,196.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 24,910 shares of the company’s stock worth $5,933,000 after acquiring an additional 22,989 shares in the last quarter. Finally, Tidal Investments LLC raised its position in shares of Regal Rexnord by 173.7% in the 2nd quarter. Tidal Investments LLC now owns 5,403 shares of the company’s stock worth $1,287,000 after acquiring an additional 3,429 shares in the last quarter. 99.72% of the stock is owned by institutional investors and hedge funds.

About Regal Rexnord

(Get Free Report)

Regal Rexnord Corporation is a global manufacturer of industrial power, motion control and automation products. The company supplies electric motors, generators, gearboxes, bearings, couplings, clutches, brakes and related power-transmission equipment used to move, control and manage energy in industrial and commercial applications.

Its product portfolio also includes automation and motion-control technologies, conveyor and material-handling systems, precision components, and solutions designed to improve the efficiency and reliability of machinery.

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