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

Ashton Thomas Private Wealth LLC grew its holdings in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 55.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,009 shares of the business services provider's stock after buying an additional 12,183 shares during the period. Ashton Thomas Private Wealth LLC's holdings in RB Global were worth $3,068,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Central Pacific Bank Trust Division bought a new stake in RB Global during the fourth quarter worth about $27,000. CIBC Asset Management Inc lifted its holdings in shares of RB Global by 57.1% during the third quarter. CIBC Asset Management Inc now owns 984,364 shares of the business services provider's stock valued at $80,076,000 after purchasing an additional 357,761 shares during the last quarter. Diversified Trust Co boosted its position in shares of RB Global by 48.9% in the 4th quarter. Diversified Trust Co now owns 63,119 shares of the business services provider's stock worth $5,694,000 after purchasing an additional 20,724 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of RB Global by 53.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 59,695 shares of the business services provider's stock worth $4,805,000 after buying an additional 20,795 shares during the last quarter. Finally, Vontobel Holding Ltd. increased 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 buying an additional 753,700 shares in the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

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RB Global Stock Performance

NYSE:RBA traded up $1.71 during trading hours on Friday, reaching $101.36. The company had a trading volume of 990,634 shares, compared to its average volume of 1,055,094. The firm has a market cap of $18.73 billion, a price-to-earnings ratio of 50.43, a PEG ratio of 4.95 and a beta of 0.94. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The firm's 50 day moving average price is $93.87 and its 200-day moving average price is $89.96. RB Global, Inc. has a 52 week low of $69.83 and a 52 week high of $106.90.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last issued 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 firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm earned $0.82 EPS. On average, analysts forecast that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Friday, February 14th. RB Global's dividend payout ratio (DPR) is presently 57.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Raymond James increased their target price on RB Global from $110.00 to $118.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Royal Bank of Canada increased their price objective 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 reduced their price objective on shares of RB Global from $109.00 to $108.00 and set an "outperformer" rating for the company in a research note on Monday, February 3rd. BMO Capital Markets upped their target price on shares of RB Global from $116.00 to $120.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Finally, Robert W. Baird raised their price target on shares of RB Global from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $107.64.

RB Global 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.