Parametric Portfolio Associates LLC Cuts Position in Regal Beloit Corporation (RBC)

Parametric Portfolio Associates LLC reduced its stake in shares of Regal Beloit Corporation (NYSE:RBC) by 4.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,426 shares of the industrial products company’s stock after selling 4,523 shares during the period. Parametric Portfolio Associates LLC owned 0.21% of Regal Beloit Corporation worth $7,619,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Regal Beloit Corporation by 1.2% during the 2nd quarter. BlackRock Inc. now owns 4,089,676 shares of the industrial products company’s stock worth $333,515,000 after purchasing an additional 47,514 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Regal Beloit Corporation by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,046,576 shares of the industrial products company’s stock worth $329,998,000 after purchasing an additional 54,435 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Regal Beloit Corporation by 2.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,700,222 shares of the industrial products company’s stock worth $138,652,000 after purchasing an additional 43,968 shares during the last quarter. State Street Corp raised its position in shares of Regal Beloit Corporation by 3.7% during the 1st quarter. State Street Corp now owns 1,138,449 shares of the industrial products company’s stock worth $86,125,000 after purchasing an additional 40,232 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Regal Beloit Corporation by 14.4% during the 1st quarter. AQR Capital Management LLC now owns 657,563 shares of the industrial products company’s stock worth $49,745,000 after purchasing an additional 82,669 shares during the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

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Several research analysts recently issued reports on RBC shares. Robert W. Baird restated a “buy” rating and set a $88.00 price objective on shares of Regal Beloit Corporation in a research report on Wednesday, October 4th. Stifel Nicolaus restated a “hold” rating and set a $85.00 price objective on shares of Regal Beloit Corporation in a research report on Tuesday, August 22nd. BidaskClub downgraded Regal Beloit Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Credit Suisse Group restated a “buy” rating and set a $88.00 price objective on shares of Regal Beloit Corporation in a research report on Thursday, June 29th. Finally, Wolfe Research started coverage on Regal Beloit Corporation in a research report on Tuesday, July 11th. They set a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $86.33.

Shares of Regal Beloit Corporation (NYSE RBC) opened at 78.80 on Wednesday. Regal Beloit Corporation has a 1-year low of $56.45 and a 1-year high of $87.50. The firm has a 50-day moving average of $77.67 and a 200 day moving average of $79.40. The stock has a market capitalization of $3.51 billion, a PE ratio of 17.40 and a beta of 1.53.

Regal Beloit Corporation (NYSE:RBC) last issued its quarterly earnings results on Monday, August 7th. The industrial products company reported $1.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.01. The business had revenue of $869.20 million during the quarter, compared to the consensus estimate of $854.66 million. Regal Beloit Corporation had a net margin of 6.29% and a return on equity of 9.88%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 EPS. On average, equities analysts anticipate that Regal Beloit Corporation will post $4.86 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a $0.26 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.04 annualized dividend and a dividend yield of 1.32%. Regal Belo

Several other institutional investors also recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Regal Beloit Corporation by 1.2% during the 2nd quarter. BlackRock Inc. now owns 4,089,676 shares of the industrial products company’s stock worth $333,515,000 after purchasing an additional 47,514 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Regal Beloit Corporation by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,046,576 shares of the industrial products company’s stock worth $329,998,000 after purchasing an additional 54,435 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Regal Beloit Corporation by 2.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,700,222 shares of the industrial products company’s stock worth $138,652,000 after purchasing an additional 43,968 shares during the last quarter. State Street Corp raised its position in shares of Regal Beloit Corporation by 3.7% during the 1st quarter. State Street Corp now owns 1,138,449 shares of the industrial products company’s stock worth $86,125,000 after purchasing an additional 40,232 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Regal Beloit Corporation by 14.4% during the 1st quarter. AQR Capital Management LLC now owns 657,563 shares of the industrial products company’s stock worth $49,745,000 after purchasing an additional 82,669 shares during the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

TRADEMARK VIOLATION WARNING: This article was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The original version of this article can be viewed at https://ledgergazette.com/2017/10/18/parametric-portfolio-associates-llc-cuts-position-in-regal-beloit-corporation-rbc.html.

Several research analysts recently issued reports on RBC shares. Robert W. Baird restated a “buy” rating and set a $88.00 price objective on shares of Regal Beloit Corporation in a research report on Wednesday, October 4th. Stifel Nicolaus restated a “hold” rating and set a $85.00 price objective on shares of Regal Beloit Corporation in a research report on Tuesday, August 22nd. BidaskClub downgraded Regal Beloit Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Credit Suisse Group restated a “buy” rating and set a $88.00 price objective on shares of Regal Beloit Corporation in a research report on Thursday, June 29th. Finally, Wolfe Research started coverage on Regal Beloit Corporation in a research report on Tuesday, July 11th. They set a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $86.33.

Shares of Regal Beloit Corporation (NYSE RBC) opened at 78.80 on Wednesday. Regal Beloit Corporation has a 1-year low of $56.45 and a 1-year high of $87.50. The firm has a 50-day moving average of $77.67 and a 200 day moving average of $79.40. The stock has a market capitalization of $3.51 billion, a PE ratio of 17.40 and a beta of 1.53.

Regal Beloit Corporation (NYSE:RBC) last issued its quarterly earnings results on Monday, August 7th. The industrial products company reported $1.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.01. The business had revenue of $869.20 million during the quarter, compared to the consensus estimate of $854.66 million. Regal Beloit Corporation had a net margin of 6.29% and a return on equity of 9.88%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 EPS. On average, equities analysts anticipate that Regal Beloit Corporation will post $4.86 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a $0.26 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.04 annualized dividend and a dividend yield of 1.32%. Regal Beloit Corporation’s dividend payout ratio (DPR) is presently 22.96%.

Regal Beloit Corporation 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.

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

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