17,780 Shares in RB Global, Inc. (NYSE:RBA) Purchased by Postrock Partners LLC

Postrock Partners LLC purchased a new stake in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 17,780 shares of the business services provider's stock, valued at approximately $1,604,000. RB Global makes up approximately 0.8% of Postrock Partners LLC's investment portfolio, making the stock its 28th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RBA. Raymond James Financial Inc. bought a new position in shares of RB Global during the fourth quarter valued at $266,148,000. Vontobel Holding Ltd. lifted its holdings 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 valued at $762,378,000 after acquiring an additional 753,700 shares during the period. National Bank of Canada FI lifted its holdings in RB Global by 309.6% in the third quarter. National Bank of Canada FI now owns 808,172 shares of the business services provider's stock valued at $65,014,000 after acquiring an additional 610,843 shares during the period. FMR LLC lifted its holdings in RB Global by 60.5% in the third quarter. FMR LLC now owns 1,180,975 shares of the business services provider's stock valued at $95,057,000 after acquiring an additional 445,004 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in RB Global by 57.1% in 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 acquiring an additional 357,761 shares during the period. 95.37% of the stock is owned by institutional investors.

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RB Global Stock Performance

RBA traded down $0.72 during midday trading on Tuesday, reaching $97.26. The company had a trading volume of 1,058,720 shares, compared to its average volume of 1,009,955. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average of $94.65 and a two-hundred day moving average of $90.53. The company has a market cap of $17.97 billion, a P/E ratio of 48.39, a P/E/G ratio of 4.95 and a beta of 0.94. RB Global, Inc. has a 1 year low of $69.83 and a 1 year high of $106.90.

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 return on equity of 8.00% and a net margin of 9.64%. The company had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter in the previous year, the company earned $0.82 EPS. As a group, equities research analysts predict that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Friday, February 14th. RB Global's dividend payout ratio is currently 57.71%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Raymond James increased their target price on RB Global from $110.00 to $118.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. CIBC lowered their target price on RB Global from $109.00 to $108.00 and set an "outperformer" rating on the stock in a report on Monday, February 3rd. Royal Bank of Canada increased their target price on RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Robert W. Baird increased their target price on RB Global from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Finally, BMO Capital Markets increased their target price on RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $107.64.

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.