RB Global, Inc. $RBA Shares Acquired by Fiera Capital Corp

Fiera Capital Corp boosted its stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 4.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,067,003 shares of the business services provider’s stock after purchasing an additional 190,408 shares during the quarter. RB Global comprises 1.4% of Fiera Capital Corp’s portfolio, making the stock its 20th largest position. Fiera Capital Corp owned about 2.19% of RB Global worth $440,353,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of RB Global by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 25,330,426 shares of the business services provider’s stock valued at $2,744,455,000 after buying an additional 124,926 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in RB Global by 7.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 10,726,926 shares of the business services provider’s stock valued at $1,162,370,000 after acquiring an additional 705,423 shares during the last quarter. Vontobel Holding Ltd. boosted its holdings in RB Global by 10.3% in the third quarter. Vontobel Holding Ltd. now owns 7,215,414 shares of the business services provider’s stock valued at $781,862,000 after acquiring an additional 672,450 shares during the last quarter. Geode Capital Management LLC grew its position in RB Global by 7.5% during the second quarter. Geode Capital Management LLC now owns 4,552,803 shares of the business services provider’s stock valued at $482,383,000 after acquiring an additional 317,781 shares during the period. Finally, Norges Bank acquired a new stake in RB Global during the second quarter worth about $255,798,000. Institutional investors and hedge funds own 95.37% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of RB Global in a research note on Thursday, January 22nd. Raymond James Financial lifted their price target on shares of RB Global from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Bank of America dropped their price objective on shares of RB Global from $120.00 to $114.00 and set a “buy” rating for the company in a research report on Friday, November 7th. National Bank Financial raised shares of RB Global from a “sector perform” rating to an “outperform” rating and set a $124.00 target price on the stock in a research note on Monday, November 24th. Finally, Royal Bank Of Canada upped their price target on shares of RB Global from $137.00 to $146.00 and gave the stock an “outperform” rating in a research report on Wednesday. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $129.29.

RB Global Price Performance

Shares of RBA stock opened at $103.78 on Friday. The firm has a fifty day simple moving average of $109.28 and a 200-day simple moving average of $107.75. The company has a market capitalization of $19.29 billion, a PE ratio of 50.87, a price-to-earnings-growth ratio of 2.01 and a beta of 0.54. RB Global, Inc. has a twelve month low of $87.87 and a twelve month high of $119.58. The company has a current ratio of 1.10, a quick ratio of 1.15 and a debt-to-equity ratio of 0.41.

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

RB Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 9th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Monday, February 9th. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. RB Global’s dividend payout ratio is currently 60.78%.

Insiders Place Their Bets

In other RB Global news, CEO James Francis Kessler sold 20,742 shares of the company’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 transaction, the chief executive officer directly owned 107,569 shares of the company’s stock, valued at $12,370,435. This represents a 16.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 4.32% of the stock is currently owned by company insiders.

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.