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

National Bank of Canada FI grew its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 12.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. 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’s holdings in RB Global were worth $82,462,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of RBA. Raymond James Financial Inc. bought a new position in RB Global in the fourth quarter worth about $266,148,000. Norges Bank bought a new stake in shares of RB Global in the 4th quarter worth approximately $209,931,000. Vontobel Holding Ltd. boosted its position in RB Global by 9.8% during 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 during the period. FMR LLC grew its stake in RB Global by 60.5% during the 3rd quarter. FMR LLC now owns 1,180,975 shares of the business services provider’s stock worth $95,057,000 after buying an additional 445,004 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in RB Global by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 24,916,629 shares of the business services provider’s stock worth $2,248,060,000 after buying an additional 358,752 shares during the period. 95.37% of the stock is currently owned by institutional investors.

RB Global Stock Performance

Shares of NYSE RBA opened at $100.31 on Wednesday. RB Global, Inc. has a 1 year low of $69.83 and a 1 year high of $106.90. The firm has a market cap of $18.53 billion, a P/E ratio of 49.91, a PEG ratio of 4.95 and a beta of 0.94. The stock has a fifty day moving average price of $96.80 and a two-hundred day moving average price of $91.70. 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 (NYSE:RBA) (TSE:RBA) last announced its earnings results 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 firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the business earned $0.82 EPS. Research analysts forecast that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

RB Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.16%. RB Global’s payout ratio is currently 57.71%.

Insider Activity at RB Global

In other RB Global news, CRO James J. Jeter sold 600 shares of the company’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $98.63, for a total value of $59,178.00. Following the transaction, the executive now owns 19,667 shares of the company’s stock, valued at approximately $1,939,756.21. This represents a 2.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James Francis Kessler sold 15,700 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $97.81, for a total value of $1,535,617.00. Following the sale, the chief executive officer now directly owns 107,569 shares of the company’s stock, valued at approximately $10,521,323.89. This represents a 12.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,897 shares of company stock valued at $2,338,161 over the last ninety days. Insiders own 4.32% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on RBA shares. Raymond James upped their price target on shares of RB Global from $110.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Royal Bank of Canada raised their price target on shares of RB Global from $107.00 to $116.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. BMO Capital Markets boosted their price objective on RB Global from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Robert W. Baird increased their price objective on RB Global from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Finally, StockNews.com lowered RB Global from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, RB Global has a consensus rating of “Moderate Buy” and a consensus 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.