Dundas Partners LLP Sells 19,699 Shares of RB Global, Inc. (NYSE:RBA)

Dundas Partners LLP reduced its stake in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 17.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,989 shares of the business services provider's stock after selling 19,699 shares during the period. Dundas Partners LLP's holdings in RB Global were worth $8,301,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of RB Global by 7.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,131 shares of the business services provider's stock valued at $333,000 after buying an additional 273 shares during the period. QRG Capital Management Inc. acquired a new position in shares of RB Global in the 3rd quarter valued at about $204,000. Hollencrest Capital Management boosted its holdings in shares of RB Global by 99.8% in the 3rd quarter. Hollencrest Capital Management now owns 875 shares of the business services provider's stock valued at $70,000 after buying an additional 437 shares during the period. Covestor Ltd boosted its holdings in shares of RB Global by 533.1% in the 3rd quarter. Covestor Ltd now owns 804 shares of the business services provider's stock valued at $65,000 after buying an additional 677 shares during the period. Finally, Kampmann Melissa S. boosted its holdings in shares of RB Global by 1.4% in the 3rd quarter. Kampmann Melissa S. now owns 33,080 shares of the business services provider's stock valued at $2,663,000 after buying an additional 465 shares during the period. 95.37% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

RBA has been the subject of several research reports. StockNews.com lowered shares of RB Global from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. CIBC cut 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 report on Monday, February 3rd. Raymond James lifted their price objective on shares of RB Global from $110.00 to $118.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Robert W. Baird lifted their price objective 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. Finally, BMO Capital Markets lifted their price objective on shares of RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, RB Global presently has an average rating of "Moderate Buy" and a consensus target price of $107.64.

RB Global Price Performance

Shares of RBA stock traded down $3.17 during midday trading on Thursday, reaching $94.43. 1,051,055 shares of the company were exchanged, compared to its average volume of 1,062,457. RB Global, Inc. has a 12 month low of $69.83 and a 12 month high of $106.90. The company has a market cap of $17.44 billion, a P/E ratio of 46.98, a PEG ratio of 4.95 and a beta of 0.94. The company's 50 day moving average price is $94.36 and its two-hundred day moving average price is $90.29. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.29.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last released its earnings results on Tuesday, February 18th. The business services provider reported $0.58 earnings per share 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 analysts' expectations 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 last year, the business earned $0.82 earnings per share. On average, sell-side analysts expect that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Friday, February 14th. RB Global's payout ratio is 57.71%.

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.