Investment Counselors Of Maryland buys $19,213,614 stake in Regal Beloit Corp (RBC)

Regal Beloit Corp (RBC) : Investment Counselors Of Maryland scooped up 61,205 additional shares in Regal Beloit Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 304,978 shares of Regal Beloit Corp which is valued at $19,213,614.Regal Beloit Corp makes up approximately 1.00% of Investment Counselors Of Maryland’s portfolio.

Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in RBC in the latest quarter, The investment management firm added 758 additional shares and now holds a total of 6,234 shares of Regal Beloit Corp which is valued at $381,645. Lsv Asset Management added RBC to its portfolio by purchasing 1,800 company shares during the most recent quarter which is valued at $109,566.Utah Retirement Systems boosted its stake in RBC in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 8,095 shares of Regal Beloit Corp which is valued at $478,334. Regal Beloit Corp makes up approx 0.01% of Utah Retirement Systems’s portfolio.Fisher Asset Management boosted its stake in RBC in the latest quarter, The investment management firm added 20,832 additional shares and now holds a total of 558,504 shares of Regal Beloit Corp which is valued at $33,180,723. Regal Beloit Corp makes up approx 0.06% of Fisher Asset Management’s portfolio.

Regal Beloit Corp opened for trading at $63.6 and hit $64.08 on the upside on Wednesday, eventually ending the session at $63.77, with a gain of 0.35% or 0.22 points. The heightened volatility saw the trading volume jump to 2,31,341 shares. Company has a market cap of $2,854 M.

On the company’s financial health, Regal Beloit Corp reported $1.14 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $1.24. The company had revenue of $838.60 million for the quarter, compared to analysts expectations of $854.65 million. The company’s revenue was down -11.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.53 EPS.

Investors should note that on Jul 29, 2016, Regal Beloit Corp announced a cash dividend of $0.2400. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 14, 2016.

Regal Beloit Corporation is a global manufacturer electric motors and controls electric generators and controls and power transmission products. The Company operates through three segments: Commercial and Industrial Systems segment which designs manufactures and sells Fractional integral and large horsepower motors and controls electronic variable speed controls and blowers Solid state and electro-mechanical starters contactors relays variable frequency drives and motors artificial lift system pumping equipment Precision stator and rotor kits Hazardous duty motors and Electric generators; Climate Solutions segment which designs manufactures and sells Fractional motors electronic variable speed controls and blowers and Power Transmission Solutions segment which designs manufactures and markets enclosed gear drives gearmotors transmissions and custom open gearing used for motion control within complex equipment and systems.

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