Stock Mover of The Day: Time to Buy Regal Beloit Corp After Today’s Significant Increase?

Stock Mover of The Day: Time to Buy Regal Beloit Corp After Today's Significant Increase?

The stock of Regal Beloit Corp (NYSE:RBC) is a huge mover today! About 127,554 shares traded hands. Regal Beloit Corp (NYSE:RBC) has declined 6.64% since April 5, 2016 and is downtrending. It has underperformed by 8.59% the S&P500.
The move comes after 6 months positive chart setup for the $2.65B company. It was reported on Nov, 7 by Barchart.com. We have $94.71 PT which if reached, will make NYSE:RBC worth $1.43 billion more.

Analysts await Regal Beloit Corp (NYSE:RBC) to report earnings on November, 14. They expect $1.26 earnings per share, down 11.89% or $0.17 from last year’s $1.43 per share. RBC’s profit will be $54.29M for 12.20 P/E if the $1.26 EPS becomes a reality. After $1.14 actual earnings per share reported by Regal Beloit Corp for the previous quarter, Wall Street now forecasts 10.53% EPS growth.

Regal Beloit Corp (NYSE:RBC) Ratings Coverage

Out of 10 analysts covering Regal Beloit Corp (NYSE:RBC), 1 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 10% are positive. Regal Beloit Corp has been the topic of 19 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Morgan Stanley upgraded the stock to “Overweight” rating in Monday, January 11 report. Morgan Stanley downgraded Regal Beloit Corp (NYSE:RBC) on Wednesday, May 11 to “Equal-Weight” rating. BMO Capital Markets initiated Regal Beloit Corp (NYSE:RBC) on Tuesday, April 5 with “Outperform” rating. As per Thursday, April 28, the company rating was downgraded by Goldman Sachs. The rating was maintained by Wunderlich on Wednesday, November 4 with “Buy”. Stifel Nicolaus initiated Regal Beloit Corp (NYSE:RBC) on Wednesday, November 25 with “Hold” rating. KeyBanc Capital Markets downgraded the shares of RBC in a report on Tuesday, May 10 to “Sector Weight” rating. Oppenheimer maintained Regal Beloit Corp (NYSE:RBC) on Wednesday, August 5 with “Hold” rating. The rating was downgraded by Buckingham Research on Tuesday, September 29 to “Neutral”. The firm has “Accumulate” rating given on Wednesday, March 23 by Seaport Global.

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.”

Insitutional Activity: The institutional sentiment decreased to 1.21 in 2016 Q2. Its down 0.15, from 1.36 in 2016Q1. The ratio is negative, as 33 funds sold all Regal Beloit Corp shares owned while 67 reduced positions. 35 funds bought stakes while 86 increased positions. They now own 42.08 million shares or 1.10% more from 41.62 million shares in 2016Q1.
State Of Tennessee Treasury Department last reported 0.01% of its portfolio in the stock. Dean Inv Associates Lc reported 160,843 shares or 1.73% of all its holdings. Fifth Third Comml Bank accumulated 18,175 shares or 0.01% of the stock. Prudential Fin last reported 0.08% of its portfolio in the stock. Genesee Valley Trust Com owns 3,733 shares or 0.13% of their US portfolio. Fincl Architects last reported 541 shares in the company. Panagora Asset Mgmt holds 11,559 shares or 0% of its portfolio. Ronald Blue & Limited Liability Corporation last reported 0.01% of its portfolio in the stock. Wealthtrust owns 124 shares or 0% of their US portfolio. Leuthold Ltd Liability Company last reported 15,993 shares in the company. Counsel Portfolio Services last reported 34,185 shares in the company. Weaver C Barksdale & Assoc Inc last reported 0.03% of its portfolio in the stock. Blackrock Grp Ltd holds 398,357 shares or 0.01% of its portfolio. Jupiter Asset Mgmt Ltd accumulated 0.47% or 223,652 shares. Metropolitan Life Insurance Co Ny owns 42,010 shares or 0.02% of their US portfolio.

Insider Transactions: Since August 11, 2016, the stock had 0 insider purchases, and 1 insider sale for $100,885 net activity. COLVIN TERRY R sold 1,615 shares worth $100,885.

More notable recent Regal Beloit Corp (NYSE:RBC) news were published by: Prnewswire.com which released: “Regal Beloit Corporation Announces Third Quarter 2016 Financial Results” on November 07, 2016, also Reuters.com with their article: “BRIEF-Regal Beloit Corp announces Q3 financial results” published on November 07, 2016, Prnewswire.com published: “Regal Beloit Corporation To Hold Third Quarter 2016 Earnings Conference Call …” on October 12, 2016. More interesting news about Regal Beloit Corp (NYSE:RBC) were released by: Prnewswire.com and their article: “Regal Beloit Corporation Announces Second Quarter 2016 Financial Results” published on August 08, 2016 as well as Seekingalpha.com‘s news article titled: “Regal Beloit To Take Out $60 Shortly” with publication date: October 31, 2016.

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.

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