2,845 Shares in RB Global, Inc. (NYSE:RBA) Acquired by Peloton Wealth Strategists

Peloton Wealth Strategists acquired a new position in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,845 shares of the business services provider's stock, valued at approximately $257,000.

A number of other institutional investors and hedge funds have also modified their holdings of RBA. Central Pacific Bank Trust Division acquired a new stake in RB Global during the fourth quarter worth $27,000. CIBC Asset Management Inc lifted its holdings in shares of RB Global by 57.1% during the 3rd quarter. CIBC Asset Management Inc now owns 984,364 shares of the business services provider's stock worth $80,076,000 after acquiring an additional 357,761 shares during the period. Diversified Trust Co boosted its position in shares of RB Global by 48.9% during the 4th quarter. Diversified Trust Co now owns 63,119 shares of the business services provider's stock valued at $5,694,000 after acquiring an additional 20,724 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in RB Global by 53.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 59,695 shares of the business services provider's stock valued at $4,805,000 after acquiring an additional 20,795 shares during the period. Finally, Vontobel Holding Ltd. raised its position in RB Global by 9.8% in the fourth quarter. Vontobel Holding Ltd. now owns 8,451,146 shares of the business services provider's stock worth $762,378,000 after purchasing an additional 753,700 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors.

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RB Global Price Performance

NYSE RBA traded up $0.34 on Monday, hitting $102.72. 1,031,079 shares of the company were exchanged, compared to its average volume of 1,059,751. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The company has a market cap of $18.98 billion, a P/E ratio of 51.10, a P/E/G ratio of 4.95 and a beta of 0.96. RB Global, Inc. has a 1-year low of $69.83 and a 1-year high of $106.90. The firm has a 50 day moving average of $92.86 and a two-hundred day moving average of $89.41.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last released its quarterly 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 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 period last year, the company earned $0.82 earnings per share. On average, equities analysts predict that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. CIBC lowered their price objective on RB Global from $109.00 to $108.00 and set an "outperformer" rating on the stock in a research note on Monday, February 3rd. StockNews.com lowered RB Global from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Royal Bank of Canada boosted their target price on shares of RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Robert W. Baird increased their target price on shares of RB Global from $105.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Finally, Raymond James boosted their price target 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 analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.