17,780 Shares in RB Global, Inc. (NYSE:RBA) Bought by Postrock Partners LLC

Postrock Partners LLC acquired a new stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 17,780 shares of the business services provider’s stock, valued at approximately $1,604,000. RB Global makes up approximately 0.8% of Postrock Partners LLC’s holdings, making the stock its 28th largest holding.

Several other institutional investors have also modified their holdings of the business. Covestor Ltd grew its stake in shares of RB Global by 533.1% during the 3rd quarter. Covestor Ltd now owns 804 shares of the business services provider’s stock worth $65,000 after acquiring an additional 677 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in RB Global by 16.7% during the third quarter. Crossmark Global Holdings Inc. now owns 13,496 shares of the business services provider’s stock worth $1,087,000 after purchasing an additional 1,927 shares during the period. Wolverine Asset Management LLC raised its stake in RB Global by 379.1% in the third quarter. Wolverine Asset Management LLC now owns 1,011 shares of the business services provider’s stock valued at $81,000 after buying an additional 800 shares during the period. MQS Management LLC acquired a new stake in shares of RB Global in the third quarter valued at approximately $482,000. Finally, CIBC Asset Management Inc lifted its position in shares of RB Global by 57.1% in the third quarter. CIBC Asset Management Inc now owns 984,364 shares of the business services provider’s stock valued at $80,076,000 after buying an additional 357,761 shares during the last quarter. Institutional investors own 95.37% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on RBA. Robert W. Baird lifted their price objective on shares of RB Global from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. CIBC reduced their target price on shares of RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a report on Monday, February 3rd. Raymond James raised their price objective on shares of RB Global from $110.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Royal Bank of Canada upped their target price on RB Global from $107.00 to $116.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Finally, BMO Capital Markets lifted their price target on RB Global from $116.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.64.

RB Global Stock Down 3.2 %

Shares of NYSE RBA opened at $94.43 on Friday. The stock has a market capitalization of $17.44 billion, a P/E ratio of 46.98, a PEG ratio of 4.95 and a beta of 0.94. The stock’s fifty day moving average is $94.36 and its 200 day moving average is $90.29. RB Global, Inc. has a 52 week low of $69.83 and a 52 week high of $106.90. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.29.

RB Global (NYSE:RBA) (TSE:RBA) last issued its earnings results on Tuesday, February 18th. The business services provider reported $0.58 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.23). The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.06 billion. RB Global had a net margin of 9.64% and a return on equity of 8.00%. During the same quarter in the previous year, the firm posted $0.82 earnings per share. Sell-side analysts forecast that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.23%. RB Global’s payout ratio is 57.71%.

About RB Global

RB Global, Inc, an omnichannel marketplace, provides insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Its marketplace brands include Ritchie Bros., an auctioneer of commercial assets and vehicles offering online bidding; IAA, a digital marketplace connecting vehicle buyers and sellers; Rouse Services, which provides asset management, data-driven intelligence, and performance benchmarking system; SmartEquip, a technology platform that supports customers' management of the equipment lifecycle; and Veritread, an online marketplace for heavy haul transport solution.