Lbp Am Sa Buys 4,761 Shares of RB Global, Inc. (NYSE:RBA)

LBP AM SA raised its holdings in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 23.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,133 shares of the business services provider's stock after acquiring an additional 4,761 shares during the period. LBP AM SA's holdings in RB Global were worth $2,267,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in shares of RB Global during the fourth quarter valued at approximately $266,148,000. Vontobel Holding Ltd. boosted its stake in shares of RB Global by 9.8% during 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 purchasing an additional 753,700 shares during the period. National Bank of Canada FI boosted its stake in shares of RB Global by 309.6% during 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 purchasing an additional 610,843 shares during the period. FMR LLC boosted its stake in shares of RB Global by 60.5% during the third quarter. FMR LLC now owns 1,180,975 shares of the business services provider's stock valued at $95,057,000 after purchasing an additional 445,004 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of RB Global by 17.1% during the third quarter. The Manufacturers Life Insurance Company now owns 2,435,191 shares of the business services provider's stock valued at $196,109,000 after purchasing an additional 354,803 shares during the period. 95.37% of the stock is currently owned by institutional investors.

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Insider Activity

In related news, CRO James J. Jeter sold 7,597 shares of RB Global stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $97.85, for a total value of $743,366.45. Following the completion of the sale, the executive now directly owns 20,267 shares in the company, valued at approximately $1,983,125.95. This trade represents a 27.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the chief executive officer now directly owns 107,569 shares of the company's stock, valued at $10,521,323.89. The trade was a 12.74 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.32% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on RBA shares. StockNews.com raised RB Global from a "hold" rating to a "buy" rating in a research note on Tuesday. BMO Capital Markets raised their price target on 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 research note on Wednesday, February 19th. CIBC dropped their price target on RB Global from $109.00 to $108.00 and set an "outperformer" rating for the company in a research note on Monday, February 3rd. Finally, Raymond James raised their price target on RB Global from $110.00 to $118.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $107.64.

RB Global Stock Down 0.5 %

RB Global stock traded down $0.45 on Thursday, hitting $98.78. 709,797 shares of the stock traded hands, compared to its average volume of 1,105,932. 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 firm has a market cap of $18.25 billion, a P/E ratio of 49.15, a price-to-earnings-growth ratio of 4.95 and a beta of 0.94. The business's fifty day simple moving average is $94.97 and its 200 day simple moving average is $90.67. 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 announced its quarterly earnings data 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 firm had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.06 billion. During the same period in the prior year, the business posted $0.82 EPS. As a group, sell-side analysts forecast that RB Global, Inc. will post 2.5 earnings per share 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 issued a dividend of $0.29 per share. The ex-dividend date was Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.17%. RB Global's payout ratio is presently 57.71%.

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.