National Bank of Canada FI Raises Position in RB Global, Inc. (NYSE:RBA)

National Bank of Canada FI increased its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 12.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 912,689 shares of the business services provider’s stock after purchasing an additional 104,517 shares during the period. National Bank of Canada FI owned 0.49% of RB Global worth $82,462,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Natixis Advisors LLC grew its holdings in RB Global by 69.5% in the 4th quarter. Natixis Advisors LLC now owns 18,877 shares of the business services provider’s stock valued at $1,703,000 after buying an additional 7,737 shares during the period. Central Pacific Bank Trust Division acquired a new stake in shares of RB Global in the fourth quarter worth approximately $27,000. Diversified Trust Co grew its holdings in RB Global by 48.9% in the fourth quarter. Diversified Trust Co now owns 63,119 shares of the business services provider’s stock valued at $5,694,000 after purchasing an additional 20,724 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in RB Global by 53.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 59,695 shares of the business services provider’s stock worth $4,805,000 after purchasing an additional 20,795 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its stake in RB Global by 163.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 645 shares of the business services provider’s stock worth $58,000 after purchasing an additional 400 shares during the period. 95.37% of the stock is currently owned by institutional investors and hedge funds.

RB Global Stock Up 0.0 %

Shares of NYSE:RBA opened at $100.31 on Wednesday. The company has a market capitalization of $18.53 billion, a price-to-earnings ratio of 49.91, a price-to-earnings-growth ratio of 4.95 and a beta of 0.94. The company has a 50 day moving average of $96.80 and a two-hundred day moving average of $91.70. RB Global, Inc. has a 52-week low of $69.83 and a 52-week high of $106.90. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.50.

RB Global (NYSE:RBA) (TSE:RBA) last released its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.23). RB Global had a net margin of 9.64% and a return on equity of 8.00%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the business posted $0.82 earnings per share. As a group, analysts forecast 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 was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, February 14th. RB Global’s dividend payout ratio (DPR) is 57.71%.

Analyst Ratings Changes

RBA has been the subject of a number of research analyst reports. Raymond James upped their price objective on RB Global from $110.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. BMO Capital Markets raised their price objective on RB Global from $116.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. CIBC decreased their target price on RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a report on Monday, February 3rd. Robert W. Baird raised their price target on shares of RB Global from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Finally, StockNews.com cut shares of RB Global from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $107.64.

Insider Buying and Selling at RB Global

In other RB Global news, CEO James Francis Kessler sold 15,700 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $97.81, for a total transaction of $1,535,617.00. Following the transaction, the chief executive officer now directly owns 107,569 shares in the company, valued at $10,521,323.89. This represents a 12.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CRO James J. Jeter sold 600 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $98.63, for a total transaction of $59,178.00. Following the completion of the sale, the executive now directly owns 19,667 shares of the company’s stock, valued at $1,939,756.21. The trade was a 2.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,897 shares of company stock worth $2,338,161 in the last 90 days. 4.32% of the stock is owned by corporate insiders.

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.