Callan Family Office LLC Makes New $265,000 Investment in RB Global, Inc. (NYSE:RBA)

Callan Family Office LLC purchased a new position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,938 shares of the business services provider's stock, valued at approximately $265,000.

A number of other large investors also recently modified their holdings of the business. Vontobel Holding Ltd. increased its stake 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 during the period. State Street Corp increased its stake in shares of RB Global by 2.1% during the third quarter. State Street Corp now owns 5,045,188 shares of the business services provider's stock valued at $406,087,000 after acquiring an additional 103,080 shares during the period. Geode Capital Management LLC increased its stake in shares of RB Global by 3.0% during the third quarter. Geode Capital Management LLC now owns 3,702,381 shares of the business services provider's stock valued at $297,400,000 after acquiring an additional 108,188 shares during the period. Janus Henderson Group PLC raised its holdings in RB Global by 0.7% during the third quarter. Janus Henderson Group PLC now owns 3,383,191 shares of the business services provider's stock worth $272,293,000 after purchasing an additional 24,101 shares in the last quarter. Finally, Fiera Capital Corp lifted its position in RB Global by 4.1% in the fourth quarter. Fiera Capital Corp now owns 3,216,507 shares of the business services provider's stock worth $290,000,000 after purchasing an additional 125,275 shares during the period. 95.37% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com cut RB Global from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Raymond James lifted their target price on RB Global from $110.00 to $118.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Royal Bank of Canada upped their price target on shares of RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. BMO Capital Markets lifted their price objective 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, CIBC cut their target price 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. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $107.64.

RB Global Stock Up 1.5 %

Shares of RBA traded up $1.38 during mid-day trading on Friday, reaching $95.81. The company's stock had a trading volume of 1,951,696 shares, compared to its average volume of 1,080,465. The company has a market cap of $17.70 billion, a price-to-earnings ratio of 47.66, a price-to-earnings-growth ratio of 4.95 and a beta of 0.94. The business has a fifty day moving average of $94.45 and a 200 day moving average of $90.32. 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 1 year low of $69.83 and a 1 year high of $106.90.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last announced its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.58 EPS for the quarter, missing analysts' consensus estimates of $0.81 by ($0.23). The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.06 billion. RB Global had a return on equity of 8.00% and a net margin of 9.64%. During the same quarter in the previous year, the business posted $0.82 earnings per share. As a group, analysts forecast that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, February 14th. RB Global's dividend payout ratio is currently 57.71%.

About RB Global

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.