Ashton Thomas Private Wealth LLC Acquires 12,183 Shares of RB Global, Inc. (NYSE:RBA)

Ashton Thomas Private Wealth LLC increased its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 55.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 34,009 shares of the business services provider’s stock after purchasing an additional 12,183 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in RB Global were worth $3,068,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of RBA. Central Pacific Bank Trust Division bought a new position in RB Global during the fourth quarter worth about $27,000. Versant Capital Management Inc grew its stake in shares of RB Global by 136.4% during the fourth quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock worth $28,000 after buying an additional 176 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of RB Global by 49.4% in the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider’s stock worth $35,000 after purchasing an additional 129 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of RB Global in the fourth quarter worth $36,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of RB Global in the fourth quarter worth $37,000. Institutional investors own 95.37% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on RBA shares. Raymond James boosted their price objective on shares of RB Global from $110.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. CIBC reduced their price objective on shares of RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a research note on Monday, February 3rd. Royal Bank of Canada increased their price target on RB Global from $107.00 to $116.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. StockNews.com downgraded RB Global from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, BMO Capital Markets increased their price target on RB Global from $116.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, RB Global currently has a consensus rating of “Moderate Buy” and an average target price of $107.64.

RB Global Stock Performance

Shares of RB Global stock opened at $101.36 on Friday. The company has a market cap of $18.73 billion, a P/E ratio of 50.43, a PEG ratio of 4.95 and a beta of 0.94. The business has a 50-day moving average price of $93.66 and a two-hundred day moving average price of $89.83. 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, 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 quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.23). The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.06 billion. RB Global had a return on equity of 8.00% and a net margin of 9.64%. During the same period last year, the company earned $0.82 EPS. As a group, analysts anticipate that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $0.29 per share. The ex-dividend date was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.14%. RB Global’s dividend payout ratio (DPR) is presently 57.71%.

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.