Natixis Advisors LLC Acquires 7,737 Shares of RB Global, Inc. (NYSE:RBA)

Natixis Advisors LLC lifted its holdings in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 69.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,877 shares of the business services provider's stock after buying an additional 7,737 shares during the quarter. Natixis Advisors LLC's holdings in RB Global were worth $1,703,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. 12th Street Asset Management Company LLC boosted its stake in RB Global by 51.7% in the 4th quarter. 12th Street Asset Management Company LLC now owns 335,465 shares of the business services provider's stock worth $30,262,000 after purchasing an additional 114,304 shares during the period. Postrock Partners LLC purchased a new stake in shares of RB Global in the fourth quarter worth about $1,604,000. Intact Investment Management Inc. grew its stake in RB Global by 0.6% during the fourth quarter. Intact Investment Management Inc. now owns 638,838 shares of the business services provider's stock valued at $57,652,000 after acquiring an additional 3,990 shares in the last quarter. Aviso Financial Inc. increased its holdings in RB Global by 1.4% during the 4th quarter. Aviso Financial Inc. now owns 80,970 shares of the business services provider's stock worth $7,306,000 after acquiring an additional 1,112 shares during the period. Finally, LBP AM SA increased its holdings in RB Global by 23.4% during the 4th quarter. LBP AM SA now owns 25,133 shares of the business services provider's stock worth $2,267,000 after acquiring an additional 4,761 shares during the period. 95.37% of the stock is owned by institutional investors.

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Insider Activity

In related news, CEO James Francis Kessler sold 15,700 shares of RB Global stock in a transaction on Monday, March 17th. The shares were sold at an average price of $97.81, for a total value of $1,535,617.00. Following the transaction, the chief executive officer now directly owns 107,569 shares of the company's stock, valued at $10,521,323.89. The trade was a 12.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CRO James J. Jeter sold 600 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of $98.63, for a total transaction of $59,178.00. Following the sale, the executive now directly owns 19,667 shares of the company's stock, valued at $1,939,756.21. The trade was a 2.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,897 shares of company stock valued at $2,338,161. Insiders own 4.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RBA shares. CIBC reduced their price target on shares of RB Global from $109.00 to $108.00 and set an "outperformer" rating for the company in a research report on Monday, February 3rd. Robert W. Baird upped their target price on RB Global from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Royal Bank of Canada lifted their price target on RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. BMO Capital Markets boosted their price objective on RB Global from $116.00 to $120.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Finally, StockNews.com lowered shares of RB Global from a "buy" rating to a "hold" rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $107.64.

RB Global Price Performance

RBA traded up $0.10 during midday trading on Thursday, hitting $100.40. The stock had a trading volume of 1,012,554 shares, compared to its average volume of 1,023,535. RB Global, Inc. has a 1 year low of $69.83 and a 1 year high of $106.90. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.29. The business has a fifty day moving average of $96.21 and a 200 day moving average of $91.28. The company has a market cap of $18.55 billion, a P/E ratio of 49.95, 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 announced its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.81 by ($0.23). The business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.06 billion. RB Global had a net margin of 9.64% and a return on equity of 8.00%. During the same period last year, the company posted $0.82 EPS. As a group, equities 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 disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.16%. 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.