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

August 12, 2018 - By Richard Doty

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. Ing Groep Nv invested in 0.01% or 6,741 shares. Grp Incorporated One Trading Ltd Partnership reported 2,757 shares or 0% of all its holdings. Morgan Stanley holds 0% or 184,525 shares. Thrivent Financial For Lutherans holds 14,641 shares or 0% of its portfolio. Piermont Mngmt invested 0.76% in Regal Beloit Corporation (NYSE:RBC). Great West Life Assurance Can has 25,939 shares for 0% of their portfolio. The Michigan-based Ls Ltd Co has invested 0.01% in Regal Beloit Corporation (NYSE:RBC). Advantus Cap Mgmt, Minnesota-based fund reported 5,456 shares. Eaton Vance Mngmt holds 0.01% or 37,200 shares in its portfolio. Brown Brothers Harriman stated it has 0% in Regal Beloit Corporation (NYSE:RBC). Bluestein R H & Co has invested 0.01% of its portfolio in Regal Beloit Corporation (NYSE:RBC). National Bank Of New York Mellon invested in 0.01% or 568,125 shares. 26,201 are held by Putnam Invests Ltd Liability Com. Walthausen & Llc reported 133,975 shares. Manufacturers Life Insur The owns 575,368 shares.

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 1.20M 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 $3.55 billion 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 $82.68B and $63.93 billion US Long portfolio, decreased its stake in Cisco Systems Inc. (NASDAQ:CSCO) by 772,325 shares to 26.64 million shares, valued at $1.15B in 2018Q2, according to the filing. It also reduced its holding in Valero Energy Corporation (NYSE:VLO) by 1.19M shares in the quarter, leaving it with 7.75 million shares, and cut its stake in Credicorp Ltd. (NYSE:BAP).

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. Robert W. Baird maintained the shares of RBC in report on Thursday, March 29 with “Buy” rating. Stifel Nicolaus maintained Regal Beloit Corporation (NYSE:RBC) on Tuesday, April 3 with “Hold” rating. The firm has “Market Perform” rating given on Wednesday, August 8 by BMO Capital Markets. The stock of Regal Beloit Corporation (NYSE:RBC) earned “Buy” rating by Oppenheimer on Tuesday, March 27.

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: which released: “Regal Beloit Corporation to Hold Second Quarter 2018 Earnings Conference Call on Tuesday, August 7, 2018” on July 16, 2018. Also published the news titled: “10 Stocks To Watch For August 6, 2018” on August 06, 2018.‘s news article titled: “Earnings Scheduled 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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