RB Global, Inc. (NYSE:RBA) Shares Sold by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc lessened its stake in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 7.9% in the 4th quarter, Holdings Channel reports. The firm owned 94,275 shares of the business services provider’s stock after selling 8,060 shares during the period. RB Global accounts for 1.3% of K.J. Harrison & Partners Inc’s investment portfolio, making the stock its 15th largest holding. K.J. Harrison & Partners Inc’s holdings in RB Global were worth $8,511,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vontobel Holding Ltd. lifted its holdings in RB Global by 9.8% in the 4th quarter. Vontobel Holding Ltd. now owns 8,451,146 shares of the business services provider’s stock valued at $762,378,000 after purchasing an additional 753,700 shares in the last quarter. State Street Corp lifted its stake in shares of RB Global by 2.1% in the third quarter. State Street Corp now owns 5,045,188 shares of the business services provider’s stock worth $406,087,000 after buying an additional 103,080 shares in the last quarter. Geode Capital Management LLC boosted its position in RB Global by 3.0% during the third quarter. Geode Capital Management LLC now owns 3,702,381 shares of the business services provider’s stock worth $297,400,000 after acquiring an additional 108,188 shares during the last quarter. Janus Henderson Group PLC grew its stake in RB Global by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 3,383,191 shares of the business services provider’s stock valued at $272,293,000 after acquiring an additional 24,101 shares in the last quarter. Finally, Fiera Capital Corp raised its holdings in RB Global by 4.1% in the 4th quarter. Fiera Capital Corp now owns 3,216,507 shares of the business services provider’s stock valued at $290,000,000 after acquiring an additional 125,275 shares during the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

RB Global Stock Down 1.1 %

RBA stock opened at $100.24 on Thursday. The company has a fifty day moving average of $92.44 and a 200-day moving average of $89.02. RB Global, Inc. has a one year low of $69.83 and a one year high of $106.90. 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 stock has a market capitalization of $18.52 billion, a PE ratio of 49.87, a price-to-earnings-growth ratio of 4.95 and a beta of 0.96.

RB Global (NYSE:RBA) (TSE:RBA) last released its quarterly earnings data 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 analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the firm earned $0.82 earnings per share. As a group, analysts expect that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Announces Dividend

The firm also recently disclosed 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 of this dividend is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.16%. RB Global’s dividend payout ratio (DPR) is 57.71%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada upped their price objective on shares of RB Global from $107.00 to $116.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Raymond James increased their price target on shares of RB Global from $110.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. BMO Capital Markets raised their price target on shares of RB Global from $116.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. StockNews.com cut RB Global from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Robert W. Baird raised their target price on RB Global from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $107.64.

RB Global Company 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.