Aigen Investment Management LP Invests $366,000 in RB Global, Inc. (NYSE:RBA)

Aigen Investment Management LP purchased a new position in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,053 shares of the business services provider's stock, valued at approximately $366,000.

Several other institutional investors and hedge funds have also bought and sold shares of RBA. Proficio Capital Partners LLC bought a new stake in shares of RB Global during the 4th quarter worth $36,000. Atria Investments Inc boosted its position in RB Global by 28.5% during the 4th quarter. Atria Investments Inc now owns 48,303 shares of the business services provider's stock worth $4,357,000 after buying an additional 10,725 shares during the period. Jones Financial Companies Lllp grew its stake in shares of RB Global by 49.4% in the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock worth $35,000 after purchasing an additional 129 shares during the last quarter. SRS Capital Advisors Inc. grew its position in shares of RB Global by 163.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 645 shares of the business services provider's stock valued at $58,000 after buying an additional 400 shares during the last quarter. Finally, Peloton Wealth Strategists acquired a new stake in RB Global during the 4th quarter valued at approximately $257,000. Institutional investors own 95.37% of the company's stock.

RB Global Stock Performance

Shares of NYSE:RBA traded down $0.82 during trading on Wednesday, hitting $97.65. 752,044 shares of the company were exchanged, compared to its average volume of 1,055,048. The stock has a 50 day moving average of $94.21 and a 200 day moving average of $90.24. The company has a market cap of $18.04 billion, a PE ratio of 48.58, a P/E/G ratio of 4.95 and a beta of 0.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17. RB Global, Inc. has a 52-week low of $69.83 and a 52-week high of $106.90.

Remove Ads

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last posted its 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 firm 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 company earned $0.82 earnings per share. As a group, equities research analysts predict that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a $0.29 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.19%. RB Global's dividend payout ratio is presently 57.71%.

Analyst Ratings Changes

A number of analysts have weighed in on RBA shares. StockNews.com downgraded RB Global from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Raymond James upped their price objective on shares of 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 target price on RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Royal Bank of Canada boosted their price target on shares of RB Global from $107.00 to $116.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Finally, CIBC reduced their price objective on RB Global from $109.00 to $108.00 and set an "outperformer" rating for the company in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, RB Global 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.