Oppenheimer Asset Management Inc. Purchases 22,956 Shares of RB Global, Inc. (NYSE:RBA)

Oppenheimer Asset Management Inc. lifted its holdings in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 10.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 234,575 shares of the business services provider's stock after purchasing an additional 22,956 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.13% of RB Global worth $21,161,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vontobel Holding Ltd. boosted its position in RB Global by 9.8% during the 4th quarter. Vontobel Holding Ltd. now owns 8,451,146 shares of the business services provider's stock worth $762,378,000 after acquiring an additional 753,700 shares during the last quarter. State Street Corp boosted its position in RB Global by 2.1% during the 3rd quarter. State Street Corp now owns 5,045,188 shares of the business services provider's stock worth $406,087,000 after acquiring an additional 103,080 shares during the last quarter. Geode Capital Management LLC boosted its position in RB Global by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,702,381 shares of the business services provider's stock worth $297,400,000 after acquiring an additional 108,188 shares during the last quarter. Janus Henderson Group PLC boosted its position in RB Global by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 3,383,191 shares of the business services provider's stock worth $272,293,000 after acquiring an additional 24,101 shares during the last quarter. Finally, Fiera Capital Corp boosted its position in RB Global by 4.1% during the 4th quarter. Fiera Capital Corp now owns 3,216,507 shares of the business services provider's stock worth $290,000,000 after acquiring an additional 125,275 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

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RB Global Stock Performance

RBA traded up $1.90 during trading hours on Friday, reaching $102.33. The company's stock had a trading volume of 1,321,986 shares, compared to its average volume of 1,060,700. RB Global, Inc. has a 52 week low of $69.83 and a 52 week high of $106.90. The company's 50-day moving average is $92.86 and its 200-day moving average is $89.35. 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 firm has a market cap of $18.90 billion, a PE ratio of 50.91, a price-to-earnings-growth ratio of 4.95 and a beta of 0.96.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last posted its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.58 earnings per share 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 business 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 company posted $0.82 EPS. On average, equities analysts forecast that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Friday, February 14th. RB Global's dividend payout ratio (DPR) is presently 57.71%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. CIBC reduced their price target 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 upped their price target on RB Global from $110.00 to $118.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Robert W. Baird upped their price objective 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 upped their price objective on RB Global from $107.00 to $116.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Finally, BMO Capital Markets upped their price objective on RB Global from $116.00 to $120.00 and gave the stock an "outperform" rating in a research note 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, the stock has a consensus rating of "Moderate Buy" and an average 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.