Mawer Investment Management Ltd. Raises Holdings in RB Global, Inc. (NYSE:RBA)

Mawer Investment Management Ltd. grew its holdings in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 15.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 120,564 shares of the business services provider's stock after acquiring an additional 16,397 shares during the period. Mawer Investment Management Ltd. owned 0.07% of RB Global worth $10,876,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in RBA. Central Pacific Bank Trust Division acquired a new stake in RB Global during the fourth quarter worth approximately $27,000. Versant Capital Management Inc boosted its holdings in shares of RB Global by 136.4% during the 4th quarter. Versant Capital Management Inc now owns 305 shares of the business services provider's stock worth $28,000 after buying an additional 176 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of RB Global by 49.4% during the 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock worth $35,000 after buying an additional 129 shares during the period. Whipplewood Advisors LLC bought a new stake in shares of RB Global in the 4th quarter valued at $37,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of RB Global during the 4th quarter valued at $40,000. 95.37% of the stock is owned by institutional investors.

Insider Transactions at RB Global

In related news, CRO James J. Jeter sold 7,597 shares of the firm's stock in a transaction dated 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 owns 20,267 shares in the company, valued at approximately $1,983,125.95. This trade represents a 27.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO James Francis Kessler sold 15,700 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $97.81, for a total transaction of $1,535,617.00. Following the completion of the transaction, the chief executive officer now owns 107,569 shares in the company, valued at approximately $10,521,323.89. The trade was a 12.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,897 shares of company stock worth $2,338,161 in the last 90 days. Insiders own 4.32% of the company's stock.

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RB Global Stock Down 1.9 %

Shares of RBA stock traded down $1.89 during trading hours on Thursday, reaching $99.05. The company had a trading volume of 644,377 shares, compared to its average volume of 1,047,774. The company has a market cap of $18.30 billion, a price-to-earnings ratio of 49.28, a price-to-earnings-growth ratio of 4.95 and a beta of 0.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17. RB Global, Inc. has a 12 month low of $69.83 and a 12 month high of $106.90. The business has a fifty day simple moving average of $97.02 and a 200-day simple moving average of $91.76.

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

RB Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders 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 annualized dividend and a dividend yield of 1.17%. RB Global's dividend payout ratio is currently 57.71%.

Analysts Set New Price Targets

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

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.