Boston Partners Buys 214,181 Shares of RB Global, Inc. (NYSE:RBA)

Boston Partners lifted its stake in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,308,977 shares of the business services provider's stock after acquiring an additional 214,181 shares during the period. Boston Partners owned 1.79% of RB Global worth $298,500,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Central Pacific Bank Trust Division acquired a new stake in shares of RB Global in the 4th quarter worth approximately $27,000. Versant Capital Management Inc lifted its stake in shares of RB Global by 136.4% in the 4th quarter. Versant Capital Management Inc now owns 305 shares of the business services provider's stock worth $28,000 after acquiring an additional 176 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of RB Global by 49.4% in the 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock worth $35,000 after acquiring an additional 129 shares during the period. Proficio Capital Partners LLC acquired a new stake in RB Global during the fourth quarter valued at approximately $36,000. Finally, Whipplewood Advisors LLC acquired a new stake in RB Global during the fourth quarter valued at approximately $37,000. 95.37% of the stock is owned by institutional investors and hedge funds.

RB Global Stock Up 0.3 %

RBA stock traded up $0.27 during trading hours on Friday, hitting $99.14. The company's stock had a trading volume of 2,341,044 shares, compared to its average volume of 1,018,114. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $18.32 billion, a PE ratio of 49.33, a price-to-earnings-growth ratio of 4.95 and a beta of 0.94. RB Global, Inc. has a 12 month low of $69.83 and a 12 month high of $106.90. The stock has a 50 day moving average price of $95.35 and a two-hundred day moving average price of $90.87.

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 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.23). The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.06 billion. RB Global had a return on equity of 8.00% and a net margin of 9.64%. During the same period in the prior year, the firm earned $0.82 earnings per share. On average, equities research analysts expect that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.17%. The ex-dividend date was Friday, February 14th. RB Global's dividend payout ratio is 57.71%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in 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 research note on Wednesday, February 19th. CIBC dropped their price objective on shares of RB Global from $109.00 to $108.00 and set an "outperformer" rating on the stock in a research note on Monday, February 3rd. Raymond James upped their price objective 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 upped their price objective on shares of RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Finally, Robert W. Baird upped their price objective on shares of RB Global from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $107.64.

Insiders Place Their Bets

In related news, CRO James J. Jeter sold 7,597 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $97.85, for a total transaction of $743,366.45. Following the completion of the sale, the executive now directly owns 20,267 shares of the company's stock, valued at approximately $1,983,125.95. This represents a 27.26 % decrease in their position. 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 company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $97.81, for a total transaction 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 own 4.32% of the company's stock.

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.