Coyle Financial Counsel LLC Boosts Position in RB Global, Inc. (NYSE:RBA)

Coyle Financial Counsel LLC grew its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 10.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,528 shares of the business services provider’s stock after acquiring an additional 2,271 shares during the quarter. RB Global comprises 0.7% of Coyle Financial Counsel LLC’s investment portfolio, making the stock its 24th largest position. Coyle Financial Counsel LLC’s holdings in RB Global were worth $2,122,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Sunpointe LLC bought a new stake in shares of RB Global during the 4th quarter valued at about $2,325,000. Peregrine Capital Management LLC boosted its position in shares of RB Global by 1.9% during the 4th quarter. Peregrine Capital Management LLC now owns 70,510 shares of the business services provider’s stock valued at $6,361,000 after acquiring an additional 1,303 shares during the last quarter. Sanctuary Advisors LLC boosted its position in shares of RB Global by 5.1% during the 4th quarter. Sanctuary Advisors LLC now owns 6,188 shares of the business services provider’s stock valued at $563,000 after acquiring an additional 303 shares during the last quarter. Rhumbline Advisers boosted its position in shares of RB Global by 0.8% during the 4th quarter. Rhumbline Advisers now owns 479,229 shares of the business services provider’s stock valued at $43,231,000 after acquiring an additional 3,947 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its position in shares of RB Global by 2.6% during the 4th quarter. New York State Teachers Retirement System now owns 98,471 shares of the business services provider’s stock valued at $8,883,000 after acquiring an additional 2,476 shares during the last quarter. Institutional investors own 95.37% of the company’s stock.

RB Global Stock Performance

Shares of RBA stock opened at $102.86 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.29. RB Global, Inc. has a fifty-two week low of $69.83 and a fifty-two week high of $106.90. The stock has a 50 day moving average price of $92.09 and a two-hundred day moving average price of $88.79. The company has a market capitalization of $19.00 billion, a P/E ratio of 51.17, a PEG ratio of 4.95 and a beta of 0.96.

RB Global (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings data 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 company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the firm posted $0.82 EPS. Analysts expect that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.13%. RB Global’s dividend payout ratio (DPR) is presently 57.71%.

Analysts Set New Price Targets

A number of analysts recently weighed in on RBA shares. BMO Capital Markets boosted their target price on RB Global from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. StockNews.com upgraded RB Global from a “hold” rating to a “buy” rating in a research report on Monday, January 27th. CIBC dropped their target price on RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a research report on Monday, February 3rd. Royal Bank of Canada boosted their target price on RB Global from $107.00 to $116.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Finally, Robert W. Baird boosted their target price on RB Global from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $107.64.

About RB Global

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.