Regal Rexnord Corp (NYSE: RRX) is 17.72% higher on its value in year-to-date trading and has touched a low of $97.18 and a high of $183.85 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RRX stock was last observed hovering at around $165.72 in the last trading session, with the day’s gains setting it 8.53%.
Currently trading at $174.25, the stock is 10.31% and 12.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.82 million and changing 5.15% at the moment leaves the stock 13.84% off its SMA200. RRX registered 11.99% gain for a year compared to 6-month loss of -1.92%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 10.61% gain in the last 1 month and extending the period to 3 months gives it a 24.11%, and is 17.06% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.15% over the week and 3.56% over the month.
Regal Rexnord Corp (RRX) has around 32100 employees, a market worth around $11.59B and $6.35B in sales. Fwd P/E is 15.21. Profit margin for the company is -0.02%. Distance from 52-week low is 79.31% and -5.22% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.01%).
The EPS is expected to grow by 3.79% this year
558.0 institutions hold shares in Regal Rexnord Corp (RRX), with institutional investors hold 102.54% of the company’s shares. The shares outstanding are 66.30M, and float is at 66.16M with Short Float at 1.60%. Institutions hold 102.00% of the Float.
The top institutional shareholder in the company is CAPITAL WORLD INVESTORS with over 6.77 million shares valued at $915.95 million. The investor’s holdings represent 10.2014 of the RRX Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 6.77 million shares valued at $915.47 million to account for 10.1961 of the shares outstanding. The other top investors are FMR LLC which holds 6.4 million shares representing 9.6445 and valued at over $865.94 million, while BLACKROCK INC. holds 9.2639 of the shares totaling 6.15 million with a market value of $831.77 million.
Regal Rexnord Corp (RRX) Insider Activity
The most recent transaction is an insider sale by Valentyn Thomas E, the company’s EVP, General Counsel & Sec.*. SEC filings show that Valentyn Thomas E sold 647 shares of the company’s common stock on Feb 27 ’24 at a price of $169.70 per share for a total of $0.11 million. Following the sale, the insider now owns 28412.0 shares.
Regal Rexnord Corp disclosed in a document filed with the SEC on Feb 22 ’24 that Valentyn Thomas E (EVP, General Counsel & Sec.*) sold a total of 1,931 shares of the company’s common stock. The trade occurred on Feb 22 ’24 and was made at $166.09 per share for $0.32 million. Following the transaction, the insider now directly holds 27180.0 shares of the RRX stock.
Still, SEC filings show that on Feb 12 ’24, Morton Jerrald R (EVP and Pres. IPS*) disposed off 2,992 shares at an average price of $154.34 for $0.46 million. The insider now directly holds 15,884 shares of Regal Rexnord Corp (RRX).
