Allianz Asset Management GmbH Trims Position in Regal Beloit Corp (RBC)

Allianz Asset Management GmbH lowered its stake in shares of Regal Beloit Corp (NYSE:RBC) by 12.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 409,910 shares of the industrial products company’s stock after selling 55,805 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.95% of Regal Beloit worth $33,797,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Janney Montgomery Scott LLC acquired a new stake in shares of Regal Beloit in the 2nd quarter worth approximately $880,000. BNP Paribas Arbitrage SA grew its holdings in Regal Beloit by 453.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,736 shares of the industrial products company’s stock valued at $1,124,000 after buying an additional 11,252 shares during the last quarter. Aperio Group LLC grew its holdings in Regal Beloit by 23.9% during the 2nd quarter. Aperio Group LLC now owns 19,114 shares of the industrial products company’s stock valued at $1,564,000 after buying an additional 3,681 shares during the last quarter. Synovus Financial Corp grew its holdings in Regal Beloit by 69.1% during the 2nd quarter. Synovus Financial Corp now owns 4,930 shares of the industrial products company’s stock valued at $405,000 after buying an additional 2,015 shares during the last quarter. Finally, Algert Global LLC grew its holdings in Regal Beloit by 25.0% during the 2nd quarter. Algert Global LLC now owns 10,174 shares of the industrial products company’s stock valued at $832,000 after buying an additional 2,038 shares during the last quarter. Institutional investors own 92.50% of the company’s stock.

A number of equities research analysts have commented on the company. BMO Capital Markets increased their target price on Regal Beloit from $89.00 to $92.00 and gave the company a “market perform” rating in a report on Wednesday, August 8th. Zacks Investment Research upgraded Regal Beloit from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Wednesday, August 8th. Royal Bank of Canada reiterated a “buy” rating and set a $90.00 target price (down previously from $95.00) on shares of Regal Beloit in a report on Monday, November 5th. Finally, Goldman Sachs Group assumed coverage on Regal Beloit in a report on Wednesday, October 3rd. They set a “buy” rating and a $95.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $89.13.

Shares of NYSE:RBC opened at $78.18 on Monday. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 16.05, a P/E/G ratio of 1.32 and a beta of 1.51. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current ratio of 2.61. Regal Beloit Corp has a one year low of $67.84 and a one year high of $86.75.

Regal Beloit (NYSE:RBC) last announced its earnings results on Monday, November 5th. The industrial products company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.06. Regal Beloit had a return on equity of 10.73% and a net margin of 6.34%. The firm had revenue of $925.40 million for the quarter, compared to analysts’ expectations of $924.18 million. During the same quarter in the prior year, the firm earned $1.39 EPS. Regal Beloit’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, equities research analysts forecast that Regal Beloit Corp will post 5.92 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Shareholders of record on Friday, December 28th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, December 27th. Regal Beloit’s dividend payout ratio is presently 23.00%.

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Regal Beloit Company Profile

Regal Beloit Corporation, together with its subsidiaries, designs, manufactures, and sells electric motors, electrical motion controls, and power generation and power transmission products worldwide. It operates through three segments: Commercial and Industrial Systems, Climate Solutions, and Power Transmission Solutions.

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

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