Citigroup Inc. has recently reduced its position in Regal Rexnord Corp., one of the leading manufacturers of electric motors, electrical motion controls, power generation and transmission products, by 31.0% in the 4th quarter. According to the company’s recent Form 13F filing with the Securities & Exchange Commission, the fund owned 17,851 shares of Regal Rexnord Corp.’s stock after selling 8,019 shares during that quarter – ultimately bringing down Citigroup Inc.’s holdings in Regal Rexnord Corp. worth $2,142,000 at the end of this period.
Regal Rexnord Corp.’s business operations are divided into four main segments – Commercial Systems, Industrial Systems, Climate Solutions and Power Transmission Solutions. The Commercial Systems segment primarily produces fractional to 5 horsepower AC and DC motors, electric variable-speed controls for various commercial applications such as fans and blowers.
Furthermore, the current market cap stands at a notable $8.42 billion alongside a PE ratio of 23.71 while showcasing a P/E/G ratio of 1.22 with a beta score of 1.06. The firm also holds a low 12-month low figure of $108.28 whilst hitting an impressive high point of $162.89 within that same time period.
It is noteworthy that the debt-to-equity ratio stands at approximately 1:12 which is below average when contrasted with other competitors within the sector; representing healthy signs towards sustainable economic growth and stability amid challenging circumstances.
Overall it could be concluded that although there was a reduction in Citigroup Inc.’s position – holding significant value nonetheless- it could signify either tactical shifts made as part of an investment strategic approach or an indication to reflect modifying conditions currently affecting industries similar In nature to that of Regal Rexnord Corporation’s under review from expected ongoing structural changes on account of global pandemic disruptions inevitably impacting worldwide commerce and manufacturing supply chains.
Institutional Investors and Hedge Funds Show Interest in Regal Rexnord: An Overview of Recent Stock Acquisitions and Dividend Payouts
The corporate world has witnessed a consistent rise in the number of institutional investors and hedge funds that buy and sell shares of various companies. Regal Rexnord, an American manufacturer providing motion control solutions, is no exception to this trend. The latest Sec filing reveals that several institutional investors and hedge funds have bought stakes in the company, including Point72 Hong Kong Ltd, Artemis Wealth Advisors LLC, My Personal CFO LLC, Lazard Asset Management LLC, and FourThought Financial LLC.
Point72 Hong Kong Ltd acquired a new stake in Regal Rexnord’s stock worth $42,000 during the first quarter of 2021. Similarly, Artemis Wealth Advisors LLC added a new position worth $35,000 in the fourth quarter. Moreover, My Personal CFO LLC also bought shares at around $36,000 during the same period. Additionally, Lazard Asset Management invested around $60,000 to acquire a new position in Regal Rexnord’s shares during Q3 2020.
FourThought Financial became one of Regal Rexnord’s investors by raising its stake by 53.8% during Q3 2020. As a result of this incrementation process FourThought Financial currently owns 466 shares amounting to approximately $65k.
Regal Rexnord recently received some opinions from equity analysts regarding their stocks based on performance and potential growth trajectory for their corporation as well. These ratings include various levels from “hold” to a “buy” recommendation from StockNews.com about Regal Rexnord Inc.’s immediate future performances based on their current statistics as provided recently; Robert W Baird also provides an insightful opinion with more aggressive target prices aimed at driving better performance rates while other analysts are emphasizing long-term economic potentials.
It is important for investors to note that on Friday July 14th there will be quarterly dividend payouts made by Regal Rexford. At an annual rate of $1.40, this dividend represents 1.10% of the company’s current stock value and will be paid to shareholders of record- those in possession of the shares by the market’s close of business on June 30th; these stakeholders will automatically be qualified for payment with an ex-dividend date for the public at large being June 29th.
It is worth mentioning that Regal Rexnord currently counts a staggering total of 99.98% ownership by institutional investors and hedge funds combined, which reflects adequate confidence concerning its growth potential and future profitability amidst trying times. With several equity analysts expressing positive opinions about the company’s financial outlook, it is no surprise why it has triggered such an interest from institutional investors. Therefore, Regal Rexnord remains one of the companies with massive economic potentials backed by investment interests from various sources remaining a stable equilibrium balancing consumer trust while providing returns on investors’ growing assets potential – effects which are quite evident regardless of market volatility or pandemic-induced crisis situations affecting businesses globally.