Short Interest in Regal Rexnord Corporation (NYSE:RRX) Decreases By 18.8%

Regal Rexnord Corporation (NYSE:RRX) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 2,807,447 shares, a drop of 18.8% from the December 31st total of 3,456,865 shares. Based on an average daily volume of 720,438 shares, the short-interest ratio is currently 3.9 days. Approximately 4.3% of the company’s stock are sold short. Approximately 4.3% of the company’s stock are sold short. Based on an average daily volume of 720,438 shares, the short-interest ratio is currently 3.9 days.

Regal Rexnord Stock Performance

Regal Rexnord stock traded up $6.95 during mid-day trading on Wednesday, reaching $178.11. 2,196,666 shares of the stock traded hands, compared to its average volume of 828,213. Regal Rexnord has a 12-month low of $90.56 and a 12-month high of $182.02. The business’s 50-day moving average is $150.20 and its 200-day moving average is $146.35. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.97. The stock has a market capitalization of $11.82 billion, a PE ratio of 46.02, a price-to-earnings-growth ratio of 1.58 and a beta of 1.13.

Regal Rexnord (NYSE:RRX) last released its quarterly earnings results on Wednesday, February 4th. The company reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Regal Rexnord had a return on equity of 9.64% and a net margin of 4.38%.Regal Rexnord has set its FY 2026 guidance at 10.200-11.000 EPS. As a group, sell-side analysts predict that Regal Rexnord will post 9.95 EPS for the current fiscal year.

Regal Rexnord Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.8%. Regal Rexnord’s payout ratio is presently 36.18%.

Insider Activity at Regal Rexnord

In related news, CEO Louis V. Pinkham sold 35,935 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $146.20, for a total value of $5,253,697.00. Following the sale, the chief executive officer owned 103,262 shares in the company, valued at $15,096,904.40. This represents a 25.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.82% of the stock is currently owned by corporate insiders.

Institutional Trading of Regal Rexnord

Hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. raised its stake in shares of Regal Rexnord by 135.1% in the first quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock worth $25,000 after buying an additional 127 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Regal Rexnord during the 3rd quarter worth approximately $27,000. Garner Asset Management Corp purchased a new position in Regal Rexnord during the fourth quarter valued at approximately $27,000. Allworth Financial LP boosted its position in shares of Regal Rexnord by 85.7% in the second quarter. Allworth Financial LP now owns 195 shares of the company’s stock worth $28,000 after purchasing an additional 90 shares during the period. Finally, Root Financial Partners LLC bought a new position in shares of Regal Rexnord in the third quarter worth approximately $28,000. Institutional investors own 99.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on RRX shares. Zacks Research upgraded Regal Rexnord from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 30th. Citigroup increased their price objective on shares of Regal Rexnord from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Barclays reaffirmed an “overweight” rating and issued a $165.00 target price on shares of Regal Rexnord in a report on Monday, November 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Regal Rexnord in a research report on Thursday, January 22nd. Finally, Jefferies Financial Group cut Regal Rexnord from a “buy” rating to a “hold” rating and lowered their price objective for the company from $170.00 to $160.00 in a research report on Wednesday, December 10th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $180.25.

About Regal Rexnord

Regal Rexnord Corporation (NYSE: RRX) is a global industrial manufacturer specializing in electric motors, power generation equipment and automated motion control systems. The company designs, engineers and produces a broad portfolio of products that includes energy-efficient electric motors, variable frequency drives, gearboxes, couplings, bearings and power transmission components. These offerings support critical applications in industries such as heating, ventilation and air conditioning (HVAC), refrigeration, data centers, water treatment, food and beverage processing, mining, oil and gas, and material handling.

The company’s operations are organized into multiple business segments that address distinct customer needs.