Regal Rexnord Corp (NYSE: RRX) is 2.32% higher on its value in year-to-date trading and has touched a low of $130.94 and a high of $185.28 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 $163.05 in the last trading session, with the day’s loss setting it -4.32%.
Currently trading at $158.73, the stock is 0.02% and -3.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.23 million and changing -2.65% at the moment leaves the stock -0.18% off its SMA200. RRX registered 14.29% gain for a year compared to 6-month loss of -1.21%. The firm has a 50-day simple moving average (SMA 50) of $163.6864 and a 200-day simple moving average (SMA200) of $159.01144.
The stock witnessed a 3.37% gain in the last 1 month and extending the period to 3 months gives it a -6.31%, and is -4.06% down 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 2.97% over the week and 3.08% over the month.
Regal Rexnord Corp (RRX) has around 32100 employees, a market worth around $10.51B and $6.18B in sales. Current P/E ratio is 50.13 and Fwd P/E is 15.37. Profit margin for the company is 3.41%. Distance from 52-week low is 21.22% and -14.33% from its 52-week high. The company has generated returns on investments over the last 12 months (1.72%).
with sales reaching $1.49B over the same period.The EPS is expected to grow by 1.04% this year, but quarterly earnings will post -2.99% year-over-year. Quarterly sales are estimated to shrink -7.32% in year-over-year returns.
Regal Rexnord Corp (RRX) Top Institutional Holders
576.0 institutions hold shares in Regal Rexnord Corp (RRX), with institutional investors hold 103.44% of the company’s shares. The shares outstanding are 66.20M, and float is at 65.81M with Short Float at 1.81%. Institutions hold 102.88% 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 Pinkham Louis V., the company’s Chief Executive Officer. SEC filings show that Pinkham Louis V. sold 8,774 shares of the company’s common stock on Nov 07 ’24 at a price of $180.03 per share for a total of $1.58 million. Following the sale, the insider now owns 0.15 million shares.
Still, SEC filings show that on Feb 27 ’24, Valentyn Thomas E (EVP, General Counsel & Sec.*) disposed off 647 shares at an average price of $169.70 for $0.11 million. The insider now directly holds 28,412 shares of Regal Rexnord Corp (RRX).
