Rexnord Corporation (RXN)’s Institutional Ownership In The September Quarter

Rexnord Corporation (NYSE:RXN) recovered 12.11% of its value since hitting low of $21.38. The recent move of -2.32% drop pushed the stock to close at $23.97 when trading ended on 01/14/2019. At recent session, the prices were hovering between $23.95 and $24.44. This company shares are 34.42% off its target price of $32.22 and the current market capitalization stands at $2.53B. The recent change has given its price a -7.75% deficit over SMA 50 and -25.35% deficit over its 52-week high. The stock witnessed -5.74% declines, -14.09% declines and -17.32% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found RXN’s volatility during a week at 2.73% and during a month it has been found around 3.8%.

Rexnord Corporation (RXN) Top Holders

Institutional investors currently hold around $2.7 billion or 0% in RXN stock. Look at its top three institutional owners. Janus Henderson Group Plc owns $369.75 million in Rexnord Corporation, which represents roughly 14.61% of the company’s market cap and approximately 13.7% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 9,090,969 shares of the stock are valued at $223.09 million. The third largest holder is Blackrock Inc., which currently holds $181.74 million worth of this stock and that ownership represents nearly 7.18% of its market capitalization.

Rexnord Corporation 13F Filings

At the end of September reporting period, 97 institutional holders increased their position in Rexnord Corporation (NYSE:RXN) by some 11,797,941 shares, 92 decreased positions by 6,431,615 and 23 held positions by 91,752,892. That puts total institutional holdings at 109,982,448 shares, according to SEC filings. The stock grabbed 25 new institutional investments totaling 6,308,145 shares while 23 institutional investors sold out their entire positions totaling 1,776,819 shares.

Rexnord Corporation (NYSE:RXN) Insider Trades

Multiple company employees have indulged in significant insider trading. Rexnord Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Group Ex., President-Zurn Wehr Craig has sold 14,964 shares of Rexnord Corporation (RXN) in trading session dated Nov. 30, 2018. These shares are worth $418,992 and were traded at $28 each. The SEC filing shows that Wehr Craig performed a sale of 7,500 shares. The Group Ex., President-Zurn disposed these shares by way of transaction on Nov. 06, 2018. The company’s shares were given away at $28.99 per share worth to an income of some $217,425 on account of Wehr Craig.

Group Ex., President-Zurn, Wehr Craig, sold 7,500 common shares of Rexnord Corporation (RXN) in the open market. In a transaction dated Nov. 02, 2018, the shares were put up for sale at an average price of $28.5, raking in a sum of $213,750. After this sale, 7,554 common shares of RXN are directly owned by the insider, with total stake valued at $181,069.

In the transaction dated Nov. 01, 2018, the great number of shares acquired came courtesy the Director; Crandall Theodore D added a total of 4,000 shares at an average price of $27.84, amounting to approximately $111,360. The insider now directly owns 20,330 shares worth $487,310.

Rexnord Corporation (RXN) Analyst Guide

Several analysts have released their opinion on Rexnord Corporation (NYSE:RXN), with 5 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.8 average brokerage recommendation.