In today’s session Regal Beloit Corp (RBC) registered an unusually high (1,010) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious RBC increase. With 1,010 contracts traded and 454 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: RBC161118C00060000 closed last at: $2.8 or 143.5% up. About 71,851 shares traded hands. Regal Beloit Corp (NYSE:RBC) has risen 0.59% since April 7, 2016 and is uptrending. It has underperformed by 4.19% the S&P500.
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 $57.30 million for 12.61 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. $84 is the highest target while $62 is the lowest. The $67.50 average target is 6.22% above today’s ($63.55) stock price. Regal Beloit Corp has been the topic of 19 analyst reports since August 5, 2015 according to StockzIntelligence Inc. As per Thursday, April 28, the company rating was downgraded by Goldman Sachs. Morgan Stanley downgraded it to “Equal-Weight” rating and $62 target price in Wednesday, May 11 report. As per Monday, January 11, the company rating was upgraded by Morgan Stanley. The company was maintained on Tuesday, February 9 by Wunderlich. The firm earned “Hold” rating on Wednesday, April 20 by Wunderlich. BMO Capital Markets downgraded the shares of RBC in a report on Tuesday, August 2 to “Market Perform” rating. As per Tuesday, April 5, the company rating was initiated by BMO Capital Markets. The rating was downgraded by Seaport Global Securities to “Neutral” on Tuesday, September 27. The firm has “Hold” rating by Oppenheimer given on Wednesday, August 5. The firm has “Neutral” rating by Buckingham Research given on Tuesday, September 29.
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 dived, 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.
Envestnet Asset Mgmt has 0% invested in the company for 2,605 shares. Aqr Capital Mgmt Limited Liability reported 404,848 shares or 0.04% of all its holdings. Invesco Ltd holds 0.01% of its portfolio in Regal Beloit Corp (NYSE:RBC) for 634,110 shares. Tudor Investment Corporation Et Al has invested 0.02% of its portfolio in Regal Beloit Corp (NYSE:RBC). Liberty Mutual Group Inc Asset Management has invested 0.04% of its portfolio in Regal Beloit Corp (NYSE:RBC). The Australia-based Macquarie Grp Inc has invested 0.06% in Regal Beloit Corp (NYSE:RBC). Moreover, Price T Rowe Assoc Incorporated Md has 0% invested in Regal Beloit Corp (NYSE:RBC) for 19,144 shares. Wealthtrust holds 0% of its portfolio in Regal Beloit Corp (NYSE:RBC) for 124 shares. Highbridge Mngmt Limited Liability Company has 0.11% invested in the company for 125,669 shares. Moreover, Independent Portfolio Consultants has 0.03% invested in Regal Beloit Corp (NYSE:RBC) for 1,645 shares. Bnp Paribas Inv Prtnrs Sa holds 55,483 shares or 0.03% of its portfolio. Moreover, Legal General Grp Pcl has 0% invested in Regal Beloit Corp (NYSE:RBC) for 23,157 shares. Cubist Systematic Strategies Lc last reported 4,333 shares in the company. Blackrock Institutional Na reported 1.34M shares or 0.01% of all its holdings. New York State Common Retirement Fund holds 126,106 shares or 0.01% of its portfolio.
Insider Transactions: Since August 11, 2016, the stock had 0 insider purchases, and 1 sale for $100,885 net activity. On Thursday, August 11 COLVIN TERRY R sold $100,885 worth of the stock or 1,615 shares.
Regal Beloit Corporation is a manufacturer of electric motors and controls, electric generators and controls, and power transmission products. The company has a market cap of $2.89 billion. The Firm operates through three divisions: Commercial and Industrial Systems, Climate Solutions and Power Transmission Solutions. It has a 20.69 P/E ratio. The Company’s Commercial and Industrial Systems segment produces medium and large motors, commercial and industrial equipment, generator and custom drives and systems serving commercial heating, ventilation and air conditioning , and power and gas and oil systems.
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.
More important recent Regal Beloit Corp (NYSE:RBC) news were published by: Prnewswire.com which released: “Regal Beloit Corporation To Hold Third Quarter 2016 Earnings Conference Call …” on October 12, 2016, also Reuters.com published article titled: “BRIEF-Regal Beloit Corp announces Q3 financial results”, Prnewswire.com published: “Regal Beloit Corporation Announces Second Quarter 2016 Financial Results” on August 08, 2016. More interesting news about Regal Beloit Corp (NYSE:RBC) was released by: Seekingalpha.com and their article: “Regal Beloit To Take Out $60 Shortly” with publication date: October 31, 2016.
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