RB Global, Inc. (NYSE:RBA) Stock Position Increased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 10.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,100,535 shares of the business services provider's stock after acquiring an additional 106,849 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.60% of RB Global worth $99,203,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of RBA. Central Pacific Bank Trust Division purchased a new position in shares of RB Global in the fourth quarter valued at $27,000. CIBC Asset Management Inc increased its position in shares of RB Global by 57.1% in 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 buying an additional 357,761 shares in the last quarter. Diversified Trust Co increased its position in shares of RB Global by 48.9% in the fourth quarter. Diversified Trust Co now owns 63,119 shares of the business services provider's stock valued at $5,694,000 after buying an additional 20,724 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of RB Global by 53.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 59,695 shares of the business services provider's stock valued at $4,805,000 after acquiring an additional 20,795 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted its stake in shares of RB Global by 163.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 645 shares of the business services provider's stock valued at $58,000 after acquiring an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. BMO Capital Markets increased their price objective on RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Raymond James raised their price target 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 raised their price target on RB Global from $107.00 to $116.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. StockNews.com lowered RB Global from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, Robert W. Baird raised their price target on RB Global from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Two equities research 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.com, RB Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $107.64.

RB Global Stock Up 1.5 %

RBA stock traded up $1.38 during midday trading on Friday, hitting $95.81. 1,951,696 shares of the company's stock were exchanged, compared to its average volume of 1,080,465. The company has a current ratio of 1.29, a quick ratio of 1.17 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 50 day moving average price of $94.52 and a 200-day moving average price of $90.44. The stock has a market capitalization 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.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last issued 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 firm had revenue of $1.14 billion during 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 EPS. On average, analysts anticipate that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Announces Dividend

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

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.