As Regal Beloit Corp (RBC) Shares Rose, Shareholder New Amsterdam Partners LLC Increased Stake by $3.39 Million

June 27, 2018 - By Anthony Rauscher

Regal Beloit Corporation (NYSE:RBC) Corporate LogoDuring Q1 2018 the big money sentiment decreased to 1.18. That’s change of 0.30, from 2017Q4’s 1.48. 24 investors sold all, 80 reduced holdings as RBC ratio dropped. 93 grew holdings while 30 funds amassed holdings. Funds hold 40.56 million shares thus 2.12% less from 2017Q4’s 41.43 million shares. Raymond James & Associate holds 0% or 17,864 shs in its capital. Tudor Corp Et Al accumulated 0.01% or 3,461 shs. Massmutual Fsb Adv owns 4,877 shs. Prelude Cap Mgmt Lc reported 0% in Regal Beloit Corporation (NYSE:RBC). Bluestein R H And Com holds 0.01% of its capital in Regal Beloit Corporation (NYSE:RBC) for 3,000 shs. First Citizens Bank & Trust And holds 0.04% or 3,668 shs in its capital. Price T Rowe Md accumulated 21,767 shs or 0% of the stock. Chicago Equity Ptnrs Llc has 0.05% invested in Regal Beloit Corporation (NYSE:RBC). Quantbot Technology LP stated it has 0.01% of its capital in Regal Beloit Corporation (NYSE:RBC). Hsbc Public Limited Company reported 10,816 shs. Teacher Retirement Of Texas, a Texas-based fund reported 9,808 shs. Us Fincl Bank De has 6,345 shs for 0% of their capital. Advantus owns 5,456 shs. Prudential Fincl stated it has 726,932 shs. Brinker Cap Inc accumulated 11,101 shs or 0.03% of the stock.

In Regal Beloit Corp (RBC) was upped the stake owned by New Amsterdam Partners Llc. The reduction is 64.36% according to 2018Q1 SEC form. The company’s stock popped up 7.27% while New Amsterdam Partners Llc bought 46,382 shares. The metal fabrications company at the end of 2018Q1 was valued at $8.69 million. It’s up from 72,067 at the end of the previous reported quarter. Now it had 118,449 shares held by the institutional investor . For a total of 85,470 shares it reduced its holding in Cirrus Logic Inc (NASDAQ:CRUS) by 85,077 shares in the quarter, and has cut its stake in Globus Med Inc Cl A (NYSE:GMED).

Another two news for Regal Beloit Corporation (NYSE:RBC) were briefly released by: on May 29, 2018 with title “New Research Coverage Highlights Cision Ltd., FCB Financial, Akcea Therapeutics, RE/MAX, Pain Therapeutics, and …”. The other‘s article was titled “Terrence Hahn Joins Regal Board of Directors” and released on June 15, 2018.

Regal Beloit Corporation (NYSE:RBC) Ratings Coverage

A total of 6 analysts rate Regal Beloit (NYSE:RBC) as follows: 3 “Buy”, 3 “Hold” and 0 “Sell”. Тherefore 50% are bullish. The firm has $9000 highest and $7600 lowest target. The avg target $84.80 is 5.87% above the last ($80.1) price. (NYSE:RBC) has 7 ratings reports on 27 Jun 2018 according to StockzIntelligence. The stock rating was upgraded by Seaport Global to “Buy” on Wednesday, February 7. The stock rating was maintained by Oppenheimer with “Buy” on Tuesday, March 27. On Tuesday, April 3 Stifel Nicolaus maintained Regal Beloit Corporation (NYSE:RBC) rating. Stifel Nicolaus has “Hold” rating and $7600 target. The stock rating was maintained by BMO Capital Markets with “Hold” on Thursday, January 25. On Wednesday, February 7 the firm has “Hold” rating given by Stifel Nicolaus. The company rating was maintained by Robert W. Baird on Thursday, March 29.

Regal Beloit Corporation (NYSE:RBC) Institutional Investors Chart

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