Rexnord Corp (RXN) Shares Sold by Quantamental Technologies LLC

Quantamental Technologies LLC decreased its stake in shares of Rexnord Corp (NYSE:RXN) by 33.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,107 shares of the industrial products company’s stock after selling 1,056 shares during the quarter. Quantamental Technologies LLC’s holdings in Rexnord were worth $53,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. James Investment Research Inc. purchased a new position in shares of Rexnord during the 1st quarter worth approximately $643,000. BNP Paribas Arbitrage SA raised its stake in shares of Rexnord by 218.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 26,441 shares of the industrial products company’s stock worth $665,000 after buying an additional 18,130 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Rexnord during the 1st quarter worth approximately $2,207,000. Virginia Retirement Systems ET AL purchased a new position in shares of Rexnord during the 1st quarter worth approximately $762,000. Finally, Boston Advisors LLC raised its stake in shares of Rexnord by 15.0% during the 1st quarter. Boston Advisors LLC now owns 52,721 shares of the industrial products company’s stock worth $1,325,000 after buying an additional 6,894 shares in the last quarter.

In related news, CEO Todd A. Adams sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $27.09, for a total value of $812,700.00. Following the completion of the transaction, the chief executive officer now directly owns 241,792 shares of the company’s stock, valued at approximately $6,550,145.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 90,000 shares of company stock valued at $2,493,300 over the last ninety days. 4.50% of the stock is currently owned by company insiders.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Rexnord from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Oppenheimer raised Rexnord to a “buy” rating and set a $35.00 target price for the company in a research note on Monday, February 4th. Barclays reissued a “hold” rating and set a $30.00 target price on shares of Rexnord in a research note on Friday, February 1st. Finally, Robert W. Baird set a $29.00 target price on Rexnord and gave the stock a “buy” rating in a research note on Friday, January 25th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $30.63.

Shares of RXN stock opened at $27.50 on Tuesday. Rexnord Corp has a 12-month low of $21.38 and a 12-month high of $32.11. The company has a market cap of $2.88 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 0.95 and a beta of 1.56. The company has a quick ratio of 1.86, a current ratio of 2.87 and a debt-to-equity ratio of 1.11.

Rexnord (NYSE:RXN) last released its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.04. Rexnord had a return on equity of 19.48% and a net margin of 1.68%. The firm had revenue of $537.50 million during the quarter, compared to the consensus estimate of $543.89 million. During the same period last year, the business posted $0.47 EPS. Rexnord’s quarterly revenue was up 3.8% on a year-over-year basis. On average, equities research analysts expect that Rexnord Corp will post 1.98 earnings per share for the current year.

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Rexnord Profile

Rexnord Corporation designs, manufactures, and markets process and motion control, and water management products worldwide. It operates in two segments, Process & Motion Control Platform and Water Management Platform. The company offers table top conveying chain and related accessories, metal conveying and engineered woven metals, gearing and gear drives, conveying equipment, industrial chain, and custom assemblies; custom-engineered, application-specific miniature gearboxes, and motion control assemblies and components used in aerospace, defense, medical equipment, robotics, semiconductor, instrumentation, and satellite communications; and shaft management products, including couplings, torque limiters, electromagnetic clutches and brakes, industrial bearings, and shaft locking assemblies.

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Institutional Ownership by Quarter for Rexnord (NYSE:RXN)

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