Currently, there are 66.20M common shares owned by the public and among those 65.84M shares have been available to trade.
The company’s stock has a 5-day price change of 4.87% and -11.96% over the past three months. RRX shares are trading 0.88% year to date (YTD), with the 12-month market performance up to 17.23% higher. It has a 12-month low price of $130.94 and touched a high of $185.28 over the same period. RRX has an average intraday trading volume of 465.30K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.36%, -5.56%, and -1.77% respectively.
Institutional ownership of Regal Rexnord Corp (NYSE: RRX) shares accounts for 102.23% of the company’s 66.20M shares outstanding.
It has a market capitalization of $10.36B and a beta (3y monthly) value of 1.04. The stock’s trailing 12-month PE ratio is 49.43, while the earnings-per-share (ttm) stands at $3.17. The company has a PEG of 4.94 and a Quick Ratio of 1.35 with the debt-to-equity ratio at 0.90. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.92% over the week and 3.13% over the month.
Earnings per share for the fiscal year are expected to increase by 1.10%, and 12.25% over the next financial year.
Looking at the support for the RRX, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on December 12, 2024, with the firm’s price target at $215. Citigroup coverage for the Regal Rexnord Corp (RRX) stock in a research note released on October 14, 2024 offered a Buy rating with a price target of $200. Raymond James was of a view on June 28, 2024 that the stock is Mkt Perform, while Wolfe Research gave the stock Outperform rating on December 11, 2023, issuing a price target of $151. Wolfe Research on their part issued Peer Perform rating on December 01, 2022.
