Lbp Am Sa Has $2.76 Million Stock Holdings in RB Global, Inc. $RBA

Lbp Am Sa increased its position in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 42.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,836 shares of the business services provider’s stock after buying an additional 8,056 shares during the quarter. Lbp Am Sa’s holdings in RB Global were worth $2,761,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in RBA. AQR Capital Management LLC grew its position in RB Global by 94.3% during the first quarter. AQR Capital Management LLC now owns 10,489 shares of the business services provider’s stock worth $1,031,000 after buying an additional 5,090 shares in the last quarter. NewEdge Advisors LLC grew its position in RB Global by 53.1% during the first quarter. NewEdge Advisors LLC now owns 588 shares of the business services provider’s stock worth $59,000 after buying an additional 204 shares in the last quarter. Jones Financial Companies Lllp grew its position in RB Global by 857.9% during the first quarter. Jones Financial Companies Lllp now owns 3,736 shares of the business services provider’s stock worth $375,000 after buying an additional 3,346 shares in the last quarter. Goldman Sachs Group Inc. grew its position in RB Global by 35.6% during the first quarter. Goldman Sachs Group Inc. now owns 338,385 shares of the business services provider’s stock worth $33,940,000 after buying an additional 88,813 shares in the last quarter. Finally, Woodline Partners LP acquired a new stake in RB Global during the first quarter valued at approximately $4,103,000. 95.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada lifted their price objective on RB Global from $137.00 to $146.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Raymond James Financial lifted their price objective on RB Global from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. Weiss Ratings raised RB Global from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 26th. Stephens assumed coverage on RB Global in a report on Friday. They set an “equal weight” rating and a $96.00 price objective on the stock. Finally, BMO Capital Markets lifted their price objective on RB Global from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $125.13.

RB Global Stock Up 1.0%

NYSE RBA opened at $104.37 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.02 and a debt-to-equity ratio of 0.41. The stock’s 50 day moving average is $101.29 and its two-hundred day moving average is $103.52. The company has a market capitalization of $19.40 billion, a price-to-earnings ratio of 51.16, a PEG ratio of 1.57 and a beta of 0.57. RB Global, Inc. has a 1-year low of $93.58 and a 1-year high of $119.58.

RB Global (NYSE:RBA) (TSE:RBA) last posted its earnings results on Tuesday, February 17th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.12. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.17 billion. RB Global had a net margin of 9.33% and a return on equity of 11.12%. RB Global’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 earnings per share. Equities analysts forecast that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, February 9th. RB Global’s payout ratio is presently 60.78%.

Insider Activity at RB Global

In other RB Global news, Director Deborah Stein bought 400 shares of RB Global stock in a transaction dated Wednesday, March 18th. The shares were acquired at an average cost of $98.74 per share, with a total value of $39,496.00. Following the acquisition, the director directly owned 1,400 shares of the company’s stock, valued at $138,236. The trade was a 40.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James Francis Kessler sold 20,742 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $115.00, for a total value of $2,385,330.00. Following the completion of the transaction, the chief executive officer directly owned 107,569 shares in the company, valued at $12,370,435. The trade was a 16.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.57% of the stock is owned by insiders.

RB Global 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.