Regal Beloit Corp (NYSE:RBC) was the target of a large growth in short interest in May. As of May 15th, there was short interest totalling 711,000 shares, a growth of 9.0% from the April 30th total of 652,300 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average daily trading volume, of 293,900 shares, the short-interest ratio is presently 2.4 days.

A number of analysts recently commented on RBC shares. Zacks Investment Research lowered Regal Beloit from a “hold” rating to a “sell” rating and set a $76.00 target price for the company. in a research report on Thursday, May 7th. Oppenheimer raised Regal Beloit from a “market perform” rating to an “outperform” rating and set a $83.00 price objective for the company in a report on Sunday, May 17th. Stephens boosted their price objective on Regal Beloit from $88.00 to $91.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. KeyCorp raised Regal Beloit from a “sector weight” rating to an “overweight” rating and set a $82.00 price objective for the company in a report on Thursday, May 14th. Finally, Royal Bank of Canada reissued a “hold” rating on shares of Regal Beloit in a report on Tuesday, March 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Regal Beloit has an average rating of “Hold” and an average price target of $81.29.

Shares of RBC stock traded down $0.50 during trading on Friday, hitting $76.64. The company’s stock had a trading volume of 83,958 shares, compared to its average volume of 229,818. The company has a market cap of $3.13 billion, a PE ratio of 14.21, a P/E/G ratio of 2.09 and a beta of 1.39. The company has a current ratio of 3.16, a quick ratio of 2.03 and a debt-to-equity ratio of 0.62. The business has a fifty day moving average of $68.40 and a 200-day moving average of $77.57. Regal Beloit has a 52 week low of $51.99 and a 52 week high of $90.18.

Regal Beloit (NYSE:RBC) last released its earnings results on Monday, May 4th. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.22. The company had revenue of $734.20 million during the quarter, compared to analyst estimates of $746.41 million. Regal Beloit had a return on equity of 9.49% and a net margin of 6.38%. Regal Beloit’s quarterly revenue was down 14.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.40 earnings per share. As a group, research analysts predict that Regal Beloit will post 3.69 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, June 25th. Regal Beloit’s dividend payout ratio is presently 21.86%.

Several hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank lifted its stake in Regal Beloit by 7.6% in the fourth quarter. Amalgamated Bank now owns 9,470 shares of the industrial products company’s stock valued at $811,000 after purchasing an additional 669 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Regal Beloit by 13.3% in the fourth quarter. Bank of New York Mellon Corp now owns 564,724 shares of the industrial products company’s stock valued at $48,346,000 after purchasing an additional 66,466 shares during the last quarter. Marshall Wace LLP lifted its stake in Regal Beloit by 25.4% in the fourth quarter. Marshall Wace LLP now owns 172,537 shares of the industrial products company’s stock valued at $14,771,000 after purchasing an additional 34,897 shares during the last quarter. Natixis Advisors L.P. lifted its stake in Regal Beloit by 21.1% in the first quarter. Natixis Advisors L.P. now owns 18,806 shares of the industrial products company’s stock valued at $1,184,000 after purchasing an additional 3,277 shares during the last quarter. Finally, Aperio Group LLC lifted its stake in Regal Beloit by 12.9% in the first quarter. Aperio Group LLC now owns 28,603 shares of the industrial products company’s stock valued at $1,801,000 after purchasing an additional 3,270 shares during the last quarter. 91.41% of the stock is owned by institutional investors.

About Regal Beloit

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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