RB Global, Inc. (NYSE:RBA) Shares Acquired by Lbp Am Sa

Lbp Am Sa increased its stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 23.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,133 shares of the business services provider’s stock after purchasing an additional 4,761 shares during the quarter. Lbp Am Sa’s holdings in RB Global were worth $2,267,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of RBA. Natixis Advisors LLC acquired a new stake in RB Global in the third quarter worth about $897,000. Accredited Investors Inc. acquired a new stake in RB Global in the third quarter worth about $226,000. Swiss National Bank raised its position in RB Global by 1.2% in the third quarter. Swiss National Bank now owns 555,543 shares of the business services provider’s stock worth $44,783,000 after acquiring an additional 6,400 shares in the last quarter. Mawer Investment Management Ltd. raised its position in RB Global by 3.6% in the third quarter. Mawer Investment Management Ltd. now owns 104,167 shares of the business services provider’s stock worth $8,384,000 after acquiring an additional 3,586 shares in the last quarter. Finally, Commerce Bank raised its position in RB Global by 10.6% in the third quarter. Commerce Bank now owns 14,906 shares of the business services provider’s stock worth $1,200,000 after acquiring an additional 1,426 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

RB Global Price Performance

NYSE RBA opened at $95.81 on Friday. The stock’s 50-day moving average price is $94.52 and its two-hundred day moving average price is $90.41. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The company has a market cap of $17.70 billion, a PE ratio of 47.66, a PEG ratio of 4.95 and a beta of 0.94. RB Global, Inc. has a 1 year low of $69.83 and a 1 year high of $106.90.

RB Global (NYSE:RBA) (TSE:RBA) last released its earnings results on Tuesday, February 18th. The business services provider reported $0.58 earnings per share 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 analysts’ expectations of $1.06 billion. During the same period last year, the firm earned $0.82 EPS. On average, analysts predict that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 1.21%. RB Global’s dividend payout ratio (DPR) is presently 57.71%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. BMO Capital Markets boosted their price target on shares of RB Global from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Raymond James boosted their price target 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 boosted their price target on shares of RB Global from $107.00 to $116.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Robert W. Baird boosted their price target 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. Finally, CIBC cut their price objective on RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a report on Monday, February 3rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.64.

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.