Naviter Wealth LLC Buys Shares of 4,143 RB Global, Inc. (NYSE:RBA)

Naviter Wealth LLC purchased a new position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,143 shares of the business services provider's stock, valued at approximately $374,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RBA. Central Pacific Bank Trust Division acquired a new position in shares of RB Global in the 4th quarter worth approximately $27,000. CIBC Asset Management Inc increased its stake in RB Global by 57.1% during 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 purchasing an additional 357,761 shares during the last quarter. Diversified Trust Co increased its stake in RB Global by 48.9% during the fourth quarter. Diversified Trust Co now owns 63,119 shares of the business services provider's stock valued at $5,694,000 after purchasing an additional 20,724 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings 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 worth $4,805,000 after purchasing an additional 20,795 shares during the period. Finally, SRS Capital Advisors Inc. lifted its position in shares of RB Global by 163.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 645 shares of the business services provider's stock worth $58,000 after buying an additional 400 shares during the last quarter. 95.37% of the stock is owned by institutional investors.

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RB Global Trading Down 0.8 %

Shares of RB Global stock traded down $0.82 on Wednesday, reaching $97.65. 1,000,897 shares of the company were exchanged, compared to its average volume of 1,062,702. 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 fifty-two week low of $69.83 and a fifty-two week high of $106.90. The firm has a market capitalization of $18.04 billion, a price-to-earnings ratio of 48.58, a price-to-earnings-growth ratio of 4.95 and a beta of 0.94. The stock has a fifty day moving average price of $94.21 and a 200-day moving average price of $90.24.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last announced 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). RB Global had a return on equity of 8.00% and a net margin of 9.64%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the business earned $0.82 earnings per share. On average, analysts expect that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Dividend Announcement

The business also recently declared 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 1.19%. The ex-dividend date was Friday, February 14th. RB Global's dividend payout ratio (DPR) is presently 57.71%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of RB Global from $116.00 to $120.00 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 report on Wednesday, February 19th. CIBC reduced their price objective on RB Global from $109.00 to $108.00 and set an "outperformer" rating for the company in a research report on Monday, February 3rd. Raymond James raised their target price on RB Global from $110.00 to $118.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Finally, Robert W. Baird boosted their price target on shares of RB Global from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, RB Global has an average rating of "Moderate Buy" and a consensus target price of $107.64.

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.