Quantinno Capital Management LP, a reputable institutional investor, has reported a significant drop in its holdings in Regal Rexnord Co. According to the company’s most recent 13F filing with the SEC, Quantinno Capital Management LP has sold 1,082 shares of the electrical motion control manufacturer during the fourth quarter of the previous year, causing an 11.5% reduction in its share ownership. The total value of its holdings in Regal Rexnord as reported by the same filing has amounted to $995,000.
Regal Rexnord Corp. is a company specializing in the production of electric motors, power generation and transmission products, and electrical motion controls intended for both commercial and industrial applications. Its operations are divided into four segments: Commercial Systems, Industrial Systems, Climate Solutions, and Power Transmission Solutions.
As trading opened on Tuesday last week, RRX stock started at $146.80 per share with a market capitalization worth $9.73 billion. It holds a price-to-earnings ratio of 27.39 and is projected to have a price-to-earnings-growth ratio of 1.36 along with a beta score of 1.05. Its recorded stock values from previous months reveal that it had an average closing price of $131.96 for the past 50 days and an average closing price of $135.88 for the past 200 days.
Meanwhile, its highest recorded value from last year amounted to $162.89 per share while its lowest was priced at $108.28 as noted from their annual report from December last year.
The company also boasts an impressive liquidity position having reported current assets totaling to $1 billion and non-current assets accounting for over $3 billion on their balance sheets for this fiscal year so far; furthermore, revealing a current ratio of almost three (2.92), indicating ample availability readily convertible into cash towards settling any liabilities. The quick ratio of Regal Rexnord which sums up its liquid assets minus inventories and dividable by its current liabilities is at 1.69.
Lastly, this industrial player has a debt-to-equity ratio of 1.12, hinting that it leans more towards securing debt capitalization sourced externally than building on stockholders’ equity investments. With these promising data points, it will be worth monitoring what further changes we might see in Quantinno Capital Management LP’s shareholding positions and how investors respond to their updates throughout the remainder of the year.
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Regal Rexnord Corp.: A Strong Market Player Amidst Industry Turbulence.
Regal Rexnord Corp. has recently undergone a number of changes in its ownership. Institutional investors and hedge funds have revamped their positions in the business to acquire new stakes and enhance their portfolios. Point72 Hong Kong Ltd, Artemis Wealth Advisors LLC, My Personal CFO LLC, Lazard Asset Management LLC, and FourThought Financial LLC are some of the major investors who have bought shares in the company.
Several analysts have also evaluated the company’s performance and rated it as a ‘Moderate Buy’. The current consensus price target for Regal Rexnord stands at $186.00.
Regal Rexnord Corp. is engaged in manufacturing electric motors, electrical motion controls, power generation, and power transmission products through its various segments including Commercial Systems, Industrial Systems, Climate Solutions, and Power Transmission Solutions.
The company reported better-than-expected earnings results last quarter with an EPS of $2.22 and revenue close to $1.22 billion; this was lower than analysts’ estimates of $1.24 billion but still impressive considering the market’s volatility.
Regal Rexnord is also committed to providing value to shareholders by paying out quarterly dividends amounting to $0.35 per share with a yield of 0.95%. The dividend payout ratio (DPR) for Regal Rexnord stands at 26.12%.
In conclusion, Regal Rexnord seems to be consolidating its position as a strong player in the market through strategic investments and prudent financial management practices which ensure healthy returns for investors while keeping growth on track even amidst turbulent times for the industry itself.
