Regentatlantic Capital LLC purchased a new stake in Regal Beloit Corp (NYSE:RBC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,145 shares of the industrial products company’s stock, valued at approximately $241,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in RBC. Ameritas Investment Partners Inc. increased its holdings in Regal Beloit by 1.6% in the second quarter. Ameritas Investment Partners Inc. now owns 13,409 shares of the industrial products company’s stock valued at $1,094,000 after purchasing an additional 206 shares during the period. Aperio Group LLC increased its holdings in Regal Beloit by 4.8% in the third quarter. Aperio Group LLC now owns 14,965 shares of the industrial products company’s stock valued at $1,182,000 after purchasing an additional 684 shares during the period. American Century Companies Inc. increased its holdings in Regal Beloit by 1.0% in the third quarter. American Century Companies Inc. now owns 72,201 shares of the industrial products company’s stock valued at $5,704,000 after purchasing an additional 750 shares during the period. Mutual of America Capital Management LLC increased its holdings in Regal Beloit by 2.2% in the second quarter. Mutual of America Capital Management LLC now owns 36,363 shares of the industrial products company’s stock valued at $2,965,000 after purchasing an additional 786 shares during the period. Finally, Alpha Windward LLC increased its holdings in Regal Beloit by 16.6% in the fourth quarter. Alpha Windward LLC now owns 7,136 shares of the industrial products company’s stock valued at $547,000 after purchasing an additional 1,016 shares during the period. Institutional investors own 93.89% of the company’s stock.

Shares of Regal Beloit Corp (NYSE RBC) opened at $79.65 on Friday. The company has a current ratio of 2.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.48. Regal Beloit Corp has a 1-year low of $70.85 and a 1-year high of $87.50. The firm has a market capitalization of $3,477.86, a PE ratio of 16.46, a price-to-earnings-growth ratio of 1.33 and a beta of 1.48.

Regal Beloit (NYSE:RBC) last issued its quarterly earnings results on Monday, November 6th. The industrial products company reported $1.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.01). Regal Beloit had a return on equity of 9.76% and a net margin of 6.28%. The business had revenue of $857.00 million for the quarter, compared to analyst estimates of $837.19 million. During the same quarter in the previous year, the business posted $1.31 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. sell-side analysts predict that Regal Beloit Corp will post 4.87 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.04 dividend on an annualized basis and a yield of 1.31%. Regal Beloit’s payout ratio is currently 22.61%.

A number of research firms recently weighed in on RBC. Zacks Investment Research downgraded Regal Beloit from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. ValuEngine upgraded Regal Beloit from a “hold” rating to a “buy” rating in a report on Tuesday, December 19th. Royal Bank of Canada restated a “buy” rating and issued a $90.00 price objective on shares of Regal Beloit in a report on Tuesday, November 28th. BMO Capital Markets decreased their price objective on Regal Beloit from $88.00 to $85.00 and set a “market perform” rating for the company in a report on Tuesday, November 7th. Finally, Robert W. Baird restated a “buy” rating and issued a $88.00 price objective on shares of Regal Beloit in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $86.56.

ILLEGAL ACTIVITY NOTICE: “Regentatlantic Capital LLC Purchases New Position in Regal Beloit Corp (RBC)” was reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at https://theolympiareport.com/2018/01/27/regentatlantic-capital-llc-purchases-new-position-in-regal-beloit-corp-rbc.html.

Regal Beloit Company Profile

Regal Beloit Corporation is a manufacturer of electric motors, electrical motion controls, power generation and power transmission products. The Company operates through three segments: the Commercial and Industrial Systems segment, with its principal line of business in medium and large electric motors, power generation products, high-performance drives and controls and capacitors; the Climate Solutions segment, with its principal line of business in small motors, controls and air moving products, and the Power Transmission Solutions segment, with its principal line of business in power transmission gearing, hydraulic pump drives, open gearing and specialty mechanical products which control motion and torque.

Want to see what other hedge funds are holding RBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regal Beloit Corp (NYSE:RBC).

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

Receive News & Ratings for Regal Beloit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regal Beloit and related companies with MarketBeat.com's FREE daily email newsletter.