Ashton Thomas Private Wealth LLC Acquires 12,183 Shares of RB Global, Inc. (NYSE:RBA)

Ashton Thomas Private Wealth LLC boosted its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 55.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 34,009 shares of the business services provider’s stock after purchasing an additional 12,183 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in RB Global were worth $3,068,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in RBA. Central Pacific Bank Trust Division bought a new position in RB Global in the 4th quarter valued at about $27,000. Versant Capital Management Inc lifted its position in RB Global by 136.4% in the 4th quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 176 shares in the last quarter. Jones Financial Companies Lllp lifted its position in RB Global by 49.4% in the 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 129 shares in the last quarter. Proficio Capital Partners LLC bought a new position in RB Global in the 4th quarter valued at about $36,000. Finally, Whipplewood Advisors LLC bought a new position in RB Global in the 4th quarter valued at about $37,000. Institutional investors own 95.37% of the company’s stock.

RB Global Trading Up 1.7 %

Shares of RBA stock opened at $101.36 on Friday. The company has a 50 day moving average of $93.66 and a 200-day moving average of $89.83. 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, Inc. has a 12-month low of $69.83 and a 12-month high of $106.90. The firm has a market cap of $18.73 billion, a P/E ratio of 50.43, a PEG ratio of 4.95 and a beta of 0.94.

RB Global (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.58 earnings per share (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 company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the business earned $0.82 EPS. Sell-side analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.14%. RB Global’s payout ratio is currently 57.71%.

Analyst Ratings Changes

RBA has been the topic of several recent research reports. 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 report on Wednesday, February 19th. CIBC dropped their target price on shares of RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a research report on Monday, February 3rd. StockNews.com cut shares of RB Global from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. BMO Capital Markets lifted their target price on shares of RB Global from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Finally, Raymond James lifted their target price 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. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, RB Global currently has a consensus 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.