Blair William & Co. IL Boosts Stock Holdings in RB Global, Inc. (NYSE:RBA)

Blair William & Co. IL lifted its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 811,401 shares of the business services provider’s stock after buying an additional 6,445 shares during the quarter. Blair William & Co. IL’s holdings in RB Global were worth $73,197,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Natixis Advisors LLC bought a new position in shares of RB Global in the third quarter worth $897,000. Citigroup Inc. boosted its stake in RB Global by 7.7% in the 3rd quarter. Citigroup Inc. now owns 51,792 shares of the business services provider’s stock worth $4,173,000 after purchasing an additional 3,682 shares during the period. Cerity Partners LLC boosted its stake in RB Global by 89.7% in the 3rd quarter. Cerity Partners LLC now owns 8,844 shares of the business services provider’s stock worth $712,000 after purchasing an additional 4,182 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in RB Global during the 3rd quarter valued at about $1,362,000. Finally, Qsemble Capital Management LP purchased a new stake in shares of RB Global in the third quarter worth about $561,000. 95.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RBA has been the subject of several recent analyst reports. Robert W. Baird boosted their price objective on shares of RB Global from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. CIBC lowered their price objective on RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a research report on Monday, February 3rd. BMO Capital Markets boosted their target price on RB Global from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. StockNews.com lowered RB Global from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Raymond James lifted their price target on RB Global from $110.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, RB Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.64.

RB Global Price Performance

Shares of RB Global stock opened at $100.26 on Thursday. The business’s 50-day moving average price is $96.00 and its 200-day moving average price is $91.22. The firm has a market capitalization of $18.52 billion, a PE ratio of 49.88, a price-to-earnings-growth ratio of 4.95 and a beta of 0.94. RB Global, Inc. has a 12 month low of $69.83 and a 12 month high of $106.90. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50.

RB Global (NYSE:RBA) (TSE:RBA) last released 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). RB Global had a net margin of 9.64% and a return on equity of 8.00%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the business posted $0.82 EPS. Sell-side analysts forecast that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

RB Global Announces Dividend

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

Insider Transactions at RB Global

In related news, CEO James Francis Kessler sold 15,700 shares of RB Global stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $97.81, for a total transaction of $1,535,617.00. Following the sale, the chief executive officer now directly owns 107,569 shares in the company, valued at $10,521,323.89. The trade was a 12.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO James J. Jeter sold 600 shares of the company’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $98.63, for a total transaction of $59,178.00. Following the completion of the sale, the executive now directly owns 19,667 shares in the company, valued at $1,939,756.21. This represents a 2.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,897 shares of company stock worth $2,338,161. Company insiders own 4.32% of the company’s stock.

RB Global Company Profile

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.