Natixis Advisors LLC Has $1.70 Million Stake in RB Global, Inc. (NYSE:RBA)

Natixis Advisors LLC increased its holdings in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 69.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,877 shares of the business services provider's stock after purchasing an additional 7,737 shares during the period. Natixis Advisors LLC's holdings in RB Global were worth $1,703,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Commerce Bank raised its holdings in shares of RB Global by 10.6% in the 3rd quarter. Commerce Bank now owns 14,906 shares of the business services provider's stock worth $1,200,000 after buying an additional 1,426 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of RB Global by 16.8% during the third quarter. Intech Investment Management LLC now owns 21,413 shares of the business services provider's stock valued at $1,725,000 after acquiring an additional 3,081 shares during the period. Citigroup Inc. boosted its stake in shares of RB Global by 7.7% in the 3rd quarter. Citigroup Inc. now owns 51,792 shares of the business services provider's stock valued at $4,173,000 after purchasing an additional 3,682 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of RB Global by 89.7% in the 3rd quarter. Cerity Partners LLC now owns 8,844 shares of the business services provider's stock worth $712,000 after purchasing an additional 4,182 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of RB Global during the 3rd quarter worth about $1,362,000. Institutional investors own 95.37% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Robert W. Baird raised their target price 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 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 report on Monday, February 3rd. StockNews.com downgraded shares of RB Global from a "buy" rating to a "hold" rating in a research note on Wednesday. Royal Bank of Canada lifted their price target on shares of RB Global from $107.00 to $116.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Finally, Raymond James upped 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. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $107.64.

RB Global Stock Down 2.4 %

Shares of NYSE:RBA traded down $2.39 during midday trading on Friday, reaching $97.90. 632,326 shares of the company were exchanged, compared to its average volume of 1,043,653. The firm has a market cap of $18.09 billion, a PE ratio of 48.70, a P/E/G ratio of 4.95 and a beta of 0.94. 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 fifty-two week low of $69.83 and a fifty-two week high of $106.90. The stock has a fifty day simple moving average of $96.38 and a two-hundred day simple moving average of $91.38.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last issued its quarterly earnings results 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). RB Global had a net margin of 9.64% and a return on equity of 8.00%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the firm earned $0.82 earnings per share. As a group, sell-side analysts forecast that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.18%. RB Global's dividend payout ratio is currently 57.71%.

Insider Activity

In other news, CRO James J. Jeter sold 600 shares of the company's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $98.63, for a total transaction of $59,178.00. Following the sale, the executive now owns 19,667 shares in the company, valued at $1,939,756.21. This represents a 2.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO James Francis Kessler sold 15,700 shares of the firm's stock in a transaction on 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 directly owns 107,569 shares of the company's stock, valued at $10,521,323.89. This represents 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 over the last ninety days. Insiders own 4.32% of the company's stock.

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.