Lsv Asset Management Increased Regal Beloit Corporation (NYSE:RBC) Stake by $32.10 Million

August 12, 2018 - By Victoria Pittman

Regal Beloit Corporation (NYSE:RBC) LogoInvestors sentiment decreased to 1.18 in Q1 2018. Its down 0.30, from 1.48 in 2017Q4. It dived, as 24 investors sold RBC 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. Amalgamated Fincl Bank reported 8,813 shares. Glenmede Trust Na holds 0% or 44 shares. Brown Brothers Harriman And holds 25 shares. Rhumbline Advisers owns 76,145 shares for 0.01% of their portfolio. Barclays Public Ltd Company holds 0% or 23,052 shares in its portfolio. Seizert Prtnrs Ltd accumulated 43,821 shares. Dimensional Fund L P reported 0.08% stake. Wellington Mngmt Group Inc Llp reported 32,130 shares. 2,537 were accumulated by Zurcher Kantonalbank (Zurich Cantonalbank). 70,495 are owned by Meritage Port Management. Guggenheim Capital reported 114,103 shares or 0.02% of all its holdings. Liberty Mutual Grp Asset Mngmt invested in 0.02% or 8,726 shares. Goldman Sachs Gru reported 146,445 shares stake. Swiss Bank has 0.01% invested in Regal Beloit Corporation (NYSE:RBC). Ny State Teachers Retirement has invested 0.02% in Regal Beloit Corporation (NYSE:RBC).

Lsv Asset Management increased its stake in Regal Beloit Corporation (NYSE:RBC) by 49.49% based on its latest 2018Q2 regulatory filing with the SEC. Lsv Asset Management bought 396,237 shares as the company’s stock rose 7.27% while stock markets declined. The institutional investor held 1.20 million shares of the metal fabrications company at the end of 2018Q2, valued at $97.91 million, up from 800,708 at the end of the previous reported quarter. Lsv Asset Management who had been investing in Regal Beloit Corporation for a number of months, seems to be bullish on the $3.55B market cap company. The stock decreased 0.92% or $0.75 during the last trading session, reaching $80.6. About 115,767 shares traded. Regal Beloit Corporation (NYSE:RBC) has risen 1.64% since August 13, 2017 and is uptrending. It has underperformed by 10.93% the S&P500.

Lsv Asset Management, which manages about $82.68 billion and $63.93 billion US Long portfolio, decreased its stake in Valero Energy Corporation (NYSE:VLO) by 1.19M shares to 7.75 million shares, valued at $858.51 million in 2018Q2, according to the filing. It also reduced its holding in The Pnc Financial Services Group Inc. (NYSE:PNC) by 97,740 shares in the quarter, leaving it with 2.74 million shares, and cut its stake in Anthem Inc. (NYSE:ANTM).

Lsv Asset Management is a Illinois-based institutional investor with more than $82.68 billion AUM in November, 2014. Lsv Asset Management is the 66th largest institutional investor in our database. Taken from Lsv Asset latest Adv, the fund reported to have 40 full and part-time employees. Among which 11 performing investment advisory and research functions. The institutional investor had more than 304 clients.

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 had 5 analyst reports since February 15, 2018 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Hold” rating in Tuesday, April 3 report. The firm has “Market Perform” rating given on Wednesday, August 8 by BMO Capital Markets. Robert W. Baird maintained the shares of RBC in report on Thursday, March 29 with “Buy” rating. Oppenheimer maintained Regal Beloit Corporation (NYSE:RBC) rating on Tuesday, March 27. Oppenheimer has “Buy” rating and $9000 target.

Regal Beloit Corporation, together with its subsidiaries, designs, makes, and sells electric motors, electrical motion controls, and power generation and power transmission products worldwide. The company has market cap of $3.55 billion. It operates through three divisions: Commercial and Industrial Systems, Climate Solutions, and Power Transmission Solutions. It has a 15.07 P/E ratio. The 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.

More recent Regal Beloit Corporation (NYSE:RBC) news were published by: Prnewswire.com which released: “Regal Beloit Corporation to Hold Second Quarter 2018 Earnings Conference Call on Tuesday, August 7, 2018” on July 16, 2018. Also Benzinga.com published the news titled: “Earnings Scheduled For August 6, 2018” on August 06, 2018. Benzinga.com‘s news article titled: “10 Stocks To Watch For August 6, 2018” with publication date: August 06, 2018 was also an interesting one.

Regal Beloit Corporation (NYSE:RBC) Institutional Positions Chart

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