UBS Group AG Has $194,000 Stake in Regal Beloit Corporation (RBC)

UBS Group AG lowered its position in Regal Beloit Corporation (NYSE:RBC) by 65.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,570 shares of the industrial products company’s stock after selling 4,830 shares during the period. UBS Group AG’s holdings in Regal Beloit Corporation were worth $194,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ronald Blue & Co. LLC boosted its position in shares of Regal Beloit Corporation by 0.4% in the first quarter. Ronald Blue & Co. LLC now owns 4,552 shares of the industrial products company’s stock worth $344,000 after buying an additional 16 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Regal Beloit Corporation by 5.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,514 shares of the industrial products company’s stock worth $191,000 after buying an additional 134 shares during the period. US Bancorp DE boosted its position in shares of Regal Beloit Corporation by 2.6% in the first quarter. US Bancorp DE now owns 6,403 shares of the industrial products company’s stock worth $484,000 after buying an additional 160 shares during the period. Advantus Capital Management Inc boosted its position in shares of Regal Beloit Corporation by 3.1% in the first quarter. Advantus Capital Management Inc now owns 5,734 shares of the industrial products company’s stock worth $434,000 after buying an additional 171 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of Regal Beloit Corporation by 4.7% in the first quarter. Massmutual Trust Co. FSB ADV now owns 4,240 shares of the industrial products company’s stock worth $321,000 after buying an additional 192 shares during the period. Hedge funds and other institutional investors own 93.32% of the company’s stock.

Shares of Regal Beloit Corporation (NYSE:RBC) opened at 76.05 on Friday. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 16.79 and a beta of 1.52. Regal Beloit Corporation has a 52-week low of $56.45 and a 52-week high of $87.50. The stock’s 50 day moving average price is $82.65 and its 200-day moving average price is $78.55.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a $0.26 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.04 annualized dividend and a yield of 1.37%. Regal Beloit Corporation’s payout ratio is currently 22.96%.

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A number of equities analysts have issued reports on the company. Jefferies Group LLC restated a “hold” rating and set a $80.00 target price on shares of Regal Beloit Corporation in a report on Friday, July 14th. BidaskClub cut Regal Beloit Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Oppenheimer Holdings, Inc. upgraded Regal Beloit Corporation from a “market perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a report on Friday, May 5th. ValuEngine upgraded Regal Beloit Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research cut Regal Beloit Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Regal Beloit Corporation presently has a consensus rating of “Hold” and an average target price of $83.00.

In other Regal Beloit Corporation news, Director Henry W. Knueppel sold 3,663 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $80.00, for a total value of $293,040.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Henry W. Knueppel sold 10,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $82.00, for a total value of $820,000.00. Following the completion of the transaction, the director now owns 3,726 shares in the company, valued at approximately $305,532. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,663 shares of company stock worth $2,813,040. Corporate insiders own 2.20% of the company’s stock.

About Regal Beloit Corporation

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 Corporation (NYSE:RBC)

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