Magnetar Financial LLC acquired a new stake in shares of Regal Beloit Corporation (NYSE:RBC) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,117 shares of the industrial products company’s stock, valued at approximately $246,000.

Other large investors have also bought and sold shares of the company. Pinebridge Investments L.P. bought a new stake in shares of Regal Beloit in the 3rd quarter valued at about $204,000. Synovus Financial Corp raised its holdings in shares of Regal Beloit by 4.4% in the 2nd quarter. Synovus Financial Corp now owns 2,607 shares of the industrial products company’s stock valued at $209,000 after purchasing an additional 110 shares in the last quarter. Airain ltd bought a new stake in shares of Regal Beloit in the 2nd quarter valued at about $224,000. M&T Bank Corp bought a new stake in shares of Regal Beloit in the 2nd quarter valued at about $237,000. Finally, Bridgewater Associates LP bought a new stake in shares of Regal Beloit in the 2nd quarter valued at about $248,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Regal Beloit Corporation (RBC) opened at $76.15 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.22 and a quick ratio of 1.22. Regal Beloit Corporation has a 12-month low of $68.30 and a 12-month high of $87.50. The stock has a market cap of $3,305.08, a P/E ratio of 15.64, a PEG ratio of 1.39 and a beta of 1.48.

Regal Beloit (NYSE:RBC) last announced its quarterly earnings data on Monday, November 6th. The industrial products company reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.01). Regal Beloit had a return on equity of 9.76% and a net margin of 6.28%. The company had revenue of $857.00 million for the quarter, compared to analyst estimates of $837.19 million. During the same period last year, the firm earned $1.31 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. research analysts forecast that Regal Beloit Corporation will post 4.87 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a dividend of $0.26 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.37%. Regal Beloit’s dividend payout ratio (DPR) is presently 22.61%.

Several equities research analysts have recently commented on RBC shares. Stifel Nicolaus restated a “hold” rating and issued a $85.00 price target on shares of Regal Beloit in a report on Tuesday, August 22nd. BidaskClub lowered shares of Regal Beloit from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Morgan Stanley boosted their price target on shares of Regal Beloit from $82.00 to $87.00 and gave the company an “equal weight” rating in a report on Monday, October 2nd. Robert W. Baird restated a “buy” rating and issued a $88.00 price target on shares of Regal Beloit in a report on Wednesday, October 4th. Finally, Royal Bank of Canada restated a “buy” rating on shares of Regal Beloit in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $86.63.

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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.

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

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