33,440 Shares in RB Global, Inc. $RBA Purchased by JCIC Asset Management Inc.

JCIC Asset Management Inc. acquired a new position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 33,440 shares of the business services provider’s stock, valued at approximately $3,621,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Spire Wealth Management raised its position in shares of RB Global by 1,090.6% in the third quarter. Spire Wealth Management now owns 381 shares of the business services provider’s stock valued at $41,000 after buying an additional 349 shares in the last quarter. State of Wyoming bought a new position in RB Global during the 2nd quarter worth $46,000. SouthState Corp raised its holdings in RB Global by 75.6% in the 2nd quarter. SouthState Corp now owns 453 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 195 shares in the last quarter. Whipplewood Advisors LLC lifted its position in shares of RB Global by 42.9% during the 2nd quarter. Whipplewood Advisors LLC now owns 456 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 137 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in shares of RB Global by 21.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 540 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 97 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s stock.

Insider Activity at RB Global

In other news, Director Deborah Stein acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The shares were bought at an average price of $101.26 per share, with a total value of $101,260.00. Following the acquisition, the director directly owned 1,000 shares in the company, valued at $101,260. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 4.32% of the company’s stock.

RB Global Stock Up 1.1%

RBA stock opened at $112.92 on Monday. The firm has a 50-day moving average price of $102.78 and a 200-day moving average price of $106.96. RB Global, Inc. has a 12 month low of $86.68 and a 12 month high of $119.58. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $20.99 billion, a P/E ratio of 54.03, a price-to-earnings-growth ratio of 2.15 and a beta of 0.57.

RB Global (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings results on Thursday, November 6th. The business services provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.10. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.05 billion. RB Global had a net margin of 9.65% and a return on equity of 9.66%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 EPS. As a group, equities research analysts anticipate that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

RB Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 26th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Wednesday, November 26th. RB Global’s dividend payout ratio is presently 59.33%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. National Bankshares decreased their price target on RB Global from $113.00 to $111.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 9th. Bank of America reduced their price objective on shares of RB Global from $120.00 to $114.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Royal Bank Of Canada boosted their target price on shares of RB Global from $132.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Weiss Ratings downgraded shares of RB Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Finally, National Bank Financial upgraded shares of RB Global from a “sector perform” rating to an “outperform” rating and set a $124.00 price target on the stock in a research report on Monday, November 24th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $122.88.

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.