RB Global, Inc. (NYSE:RBA) Stock Holdings Raised by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lifted its stake in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 7.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,898 shares of the business services provider’s stock after purchasing an additional 1,095 shares during the period. O Shaughnessy Asset Management LLC’s holdings in RB Global were worth $1,344,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of RBA. Central Pacific Bank Trust Division bought a new position in RB Global during the 4th quarter worth approximately $27,000. Versant Capital Management Inc boosted its holdings in RB Global by 136.4% in the fourth quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock worth $28,000 after purchasing an additional 176 shares during the period. Jones Financial Companies Lllp increased its stake in RB Global by 49.4% during the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 129 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of RB Global during the fourth quarter worth $36,000. Finally, Whipplewood Advisors LLC bought a new position in shares of RB Global in the 4th quarter worth about $37,000. 95.37% of the stock is currently owned by institutional investors and hedge funds.

RB Global Stock Down 6.3 %

RBA opened at $91.91 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.29. The company has a market capitalization of $16.99 billion, a PE ratio of 45.73, a P/E/G ratio of 4.95 and a beta of 0.90. The stock’s fifty day moving average is $97.22 and its 200-day moving average is $91.91. RB Global, Inc. has a one year low of $69.83 and a one year high of $106.90.

RB Global (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.58 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.23). RB Global had a return on equity of 8.00% and a net margin of 9.64%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the firm posted $0.82 earnings per share. On average, equities analysts predict that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

RB Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a $0.29 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 1.26%. RB Global’s dividend payout ratio (DPR) is 57.71%.

Wall Street Analysts Forecast Growth

RBA has been the topic of several research reports. StockNews.com lowered shares of RB Global from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Royal Bank of Canada raised 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. Raymond James upped their price objective on RB Global from $110.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. CIBC cut their target price on RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a research note on Monday, February 3rd. Finally, Robert W. Baird increased their price objective on shares of RB Global from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, 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 business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $97.81, for a total transaction of $1,535,617.00. Following the sale, the chief executive officer now owns 107,569 shares in the company, valued at approximately $10,521,323.89. The trade was a 12.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO James J. Jeter sold 600 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $98.63, for a total transaction of $59,178.00. Following the sale, the executive now directly owns 19,667 shares of the company’s stock, valued at $1,939,756.21. This represents a 2.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,897 shares of company stock valued at $2,338,161. Corporate insiders own 4.32% of the company’s stock.

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.