Live Ownership Coverage: Regal Beloit Corp Q2 2016 Institutional Investor Sentiment Better Than Expected

December 1, 2016 - By Vivian Park   ·   0 Comments

Live Ownership Coverage: Regal Beloit Corp  Q2 2016 Institutional Investor Sentiment  Better Than Expected

Sentiment for Regal Beloit Corp (NYSE:RBC)

Regal Beloit Corp (NYSE:RBC) institutional sentiment increased to 1.23 in 2016 Q2. Its up 0.02, from 1.21 in 2016Q1. The ratio is more positive, as 121 hedge funds increased or opened new stock positions, while 100 sold and reduced their stakes in Regal Beloit Corp. The hedge funds in our partner’s database now hold: 42.08 million shares, up from 41.62 million shares in 2016Q1. Also, the number of hedge funds holding Regal Beloit Corp in their top 10 stock positions increased from 1 to 2 for an increase of 1. Sold All: 33 Reduced: 67 Increased: 86 New Position: 35.

Regal Beloit Corporation is a manufacturer of electric motors and controls, electric generators and controls, and power transmission products. The company has a market cap of $3.25 billion. The Firm operates through three divisions: Commercial and Industrial Systems, Climate Solutions and Power Transmission Solutions. It has a 23.73 P/E ratio. The Company’s Commercial and Industrial Systems segment produces medium and large motors, commercial and industrial equipment, generator and custom drives and systems serving commercial heating, ventilation and air conditioning , and power and gas and oil systems.

The stock increased 1.32% or $0.95 during the last trading session, hitting $72.9. Regal Beloit Corp (NYSE:RBC) has risen 12.12% since April 28, 2016 and is uptrending. It has outperformed by 6.19% the S&P500.

Analysts await Regal Beloit Corp (NYSE:RBC) to report earnings on February, 13. They expect $1.04 EPS, down 11.11% or $0.13 from last year’s $1.17 per share. RBC’s profit will be $46.36 million for 17.52 P/E if the $1.04 EPS becomes a reality. After $1.31 actual EPS reported by Regal Beloit Corp for the previous quarter, Wall Street now forecasts -20.61% negative EPS growth.

According to Zacks Investment Research, “Regal Beloit Corporation is a leading manufacturer of electrical and mechanical motion control and power generation products serving markets throughout the world. Regal Beloit is headquartered in Beloit, Wisconsin, and has manufacturing, sales, and service facilities throughout North America and in Mexico, Europe and Asia.”

Dean Capital Management holds 2.51% of its portfolio in Regal Beloit Corp for 33,215 shares. Zpr Investment Management owns 18,030 shares or 1.88% of their US portfolio. Moreover, Dean Investment Associates Llc has 1.73% invested in the company for 160,843 shares. The New York-based Olstein Capital Management L.P. has invested 1.68% in the stock. Broadview Advisors Llc, a Wisconsin-based fund reported 163,025 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 2 selling transactions for $144,243 net activity.

Regal Beloit Corp (NYSE:RBC) Ratings Coverage

Ratings analysis reveals 10% of Regal Beloit Corp’s analysts are positive. Out of 10 Wall Street analysts rating Regal Beloit Corp, 1 give it “Buy”, 1 “Sell” rating, while 8 recommend “Hold”. The lowest target is $62 while the high is $84. The stock’s average target of $67.50 is -7.41% below today’s ($72.9) share price. RBC was included in 19 notes of analysts from August 5, 2015. The firm earned “Neutral” rating on Tuesday, September 29 by Buckingham Research. On Tuesday, May 10 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Weight”. As per Wednesday, March 23, the company rating was maintained by Seaport Global. Goldman Sachs downgraded Regal Beloit Corp (NYSE:RBC) rating on Thursday, April 28. Goldman Sachs has “Sell” rating and $62 price target. BMO Capital Markets initiated it with “Outperform” rating and $83 target price in Tuesday, April 5 report. Seaport Global Securities downgraded the stock to “Neutral” rating in Tuesday, September 27 report. The firm has “Overweight” rating given on Monday, January 11 by Morgan Stanley. Wunderlich maintained the shares of RBC in a report on Wednesday, November 4 with “Buy” rating. The stock of Regal Beloit Corp (NYSE:RBC) earned “Hold” rating by Stifel Nicolaus on Wednesday, November 25. The stock has “Hold” rating given by Wunderlich on Wednesday, April 20.

RBC Company Profile

Regal Beloit Corporation, incorporated on March 2, 1994, is a maker of electric motors and controls, electric generators and controls, and power transmission products. The Firm operates through three divisions: 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, large open gearing and specialty mechanical products which control motion and torque. It sells its products directly to original equipment manufacturers (OEMs), distributors and end users. It operates distribution facilities in Indianapolis, Indiana; Florence, Kentucky, and LaVergne, Tennessee, which serve as hubs for its North American distribution and logistics operations.

Another recent and important Regal Beloit Corp (NYSE:RBC) news was published by Prnewswire.com which published an article titled: “Regal Beloit Corporation Announces Third Quarter 2016 Financial Results” on November 07, 2016.

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By Vivian Park


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