Were Analysts Bearish Regal Beloit Corporation (NYSE:RBC) This Week?

August 9, 2018 - By Ash Maslow

Regal Beloit Corporation (NYSE:RBC) LogoInvestors sentiment decreased to 1.18 in 2018 Q1. Its down 0.30, from 1.48 in 2017Q4. It dropped, as 24 investors sold Regal Beloit Corporation shares while 80 reduced holdings. 30 funds opened positions while 93 raised stakes. 40.56 million shares or 2.12% less from 41.43 million shares in 2017Q4 were reported.
Wedge Mngmt L L P Nc has 12,154 shares for 0.01% of their portfolio. Twin holds 35,090 shares or 0.13% of its portfolio. Liberty Mutual Grp Asset Mgmt holds 0.02% of its portfolio in Regal Beloit Corporation (NYSE:RBC) for 8,726 shares. Prentiss Smith Inc has invested 1.83% of its portfolio in Regal Beloit Corporation (NYSE:RBC). The Illinois-based Nuveen Asset Limited Liability Co has invested 0.26% in Regal Beloit Corporation (NYSE:RBC). Genesee Valley reported 3,632 shares. Ameriprise Financial holds 244,240 shares. Ameritas Invest Partners Inc holds 13,189 shares or 0.05% of its portfolio. Brown Brothers Harriman & Com has 25 shares for 0% of their portfolio. Johnson Invest Counsel Incorporated reported 13,723 shares. Price T Rowe Associates Inc Md invested in 0% or 21,767 shares. First Citizens Natl Bank & Co holds 0.04% of its portfolio in Regal Beloit Corporation (NYSE:RBC) for 3,668 shares. Lpl Fin Ltd Co, a California-based fund reported 3,758 shares. South Dakota Invest Council stated it has 41,300 shares. Ftb invested 0% in Regal Beloit Corporation (NYSE:RBC).

Regal Beloit Corporation (NYSE:RBC) Ratings Coverage

Among 5 analysts covering Regal Beloit Corp (NYSE:RBC), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Regal Beloit Corp has $92 highest and $7600 lowest target. $85.40’s average target is 4.08% above currents $82.05 stock price. Regal Beloit Corp had 5 analyst reports since February 15, 2018 according to SRatingsIntel. The rating was maintained by Oppenheimer on Tuesday, March 27 with “Buy”. BMO Capital Markets maintained the shares of RBC in report on Wednesday, August 8 with “Market Perform” rating. Robert W. Baird maintained the stock with “Buy” rating in Thursday, March 29 report. Stifel Nicolaus maintained the shares of RBC in report on Tuesday, April 3 with “Hold” rating. Below is a list of Regal Beloit Corporation (NYSE:RBC) latest ratings and price target changes.

08/08/2018 Broker: BMO Capital Markets Old Rating: Market Perform New Rating: Market Perform Old Target: $89 New Target: $92 Maintain
03/04/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $76.0000 Maintain
29/03/2018 Broker: Robert W. Baird Rating: Buy New Target: $89.0000 Maintain
27/03/2018 Broker: Oppenheimer Rating: Buy New Target: $90.0000 Maintain
15/02/2018 Broker: Barclays Capital Rating: Equal-Weight New Target: $80 Initiates Coverage On

It closed at $82.05 lastly. It is down 1.64% since August 9, 2017 and is uptrending. It has underperformed by 10.93% the S&P500.

Regal Beloit Corporation, together with its subsidiaries, designs, makes, and sells electric motors, electrical motion controls, power generation and power transmission products worldwide. The company has market cap of $3.61 billion. The Company’s Commercial and Industrial Systems segment provides AC and DC motors, and controls; motors, electronic variable speed controls, and blowers; and starters, contactors, relays, variable frequency drives, and integrated solutions of components. It has a 15.34 P/E ratio. This segment also offers precision stator and rotor kits; hazardous duty motors; and electric generators, automatic transfer switches, power generation and distribution switch gears, and components and system controls.

More news for Regal Beloit Corporation (NYSE:RBC) were recently published by: Benzinga.com, which released: “10 Stocks To Watch For August 6, 2018” on August 06, 2018. Benzinga.com‘s article titled: “Earnings Scheduled For August 6, 2018” and published on August 06, 2018 is yet another important article.

Regal Beloit Corporation (NYSE:RBC) Institutional Positions Chart

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