Beutel Goodman & Co Ltd. Has $540.91 Million Stock Holdings in RB Global, Inc. (NYSE:RBA)

Beutel Goodman & Co Ltd. lessened its stake in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 9.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,996,087 shares of the business services provider's stock after selling 657,819 shares during the period. RB Global comprises 2.9% of Beutel Goodman & Co Ltd.'s portfolio, making the stock its 4th biggest holding. Beutel Goodman & Co Ltd. owned approximately 3.25% of RB Global worth $540,906,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Central Pacific Bank Trust Division acquired a new position in shares of RB Global in the 4th quarter valued at $27,000. Versant Capital Management Inc raised its position in RB Global by 136.4% in the fourth quarter. Versant Capital Management Inc now owns 305 shares of the business services provider's stock worth $28,000 after purchasing an additional 176 shares in the last quarter. Jones Financial Companies Lllp raised its position in RB Global by 49.4% in the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock worth $35,000 after purchasing an additional 129 shares in the last quarter. Proficio Capital Partners LLC bought a new position in RB Global during the fourth quarter worth about $36,000. Finally, Whipplewood Advisors LLC acquired a new stake in RB Global during the fourth quarter valued at approximately $37,000. 95.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the company. BMO Capital Markets raised their target price on RB Global from $116.00 to $120.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Raymond James lifted their price objective 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 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. Robert W. Baird lifted 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. Finally, Royal Bank of Canada upped their price objective on shares of RB Global from $107.00 to $116.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $107.64.

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RB Global Price Performance

NYSE:RBA traded up $0.43 during mid-day trading on Wednesday, reaching $100.80. 342,658 shares of the company were exchanged, compared to its average volume of 1,044,573. 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 stock has a market cap of $18.62 billion, a PE ratio of 50.15, a PEG ratio of 4.95 and a beta of 0.94. RB Global, Inc. has a 12 month low of $69.83 and a 12 month high of $106.90. The company has a fifty day moving average of $96.80 and a 200 day moving average of $91.70.

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, research analysts anticipate that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

RB Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $0.29 per share. The ex-dividend date was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.15%. RB Global's payout ratio is currently 57.71%.

Insider Activity

In other RB Global news, CEO James Francis Kessler sold 15,700 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 107,569 shares in the company, valued at approximately $10,521,323.89. This represents a 12.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO James J. Jeter sold 600 shares of the business'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 directly owns 19,667 shares of the company's stock, valued at approximately $1,939,756.21. This trade represents a 2.96 % 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 valued at $2,338,161 over the last 90 days. 4.32% of the stock is owned by company insiders.

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.