RB Global, Inc. (NYSE:RBA) Shares Purchased by Fiera Capital Corp

Fiera Capital Corp boosted its position in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 4.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,216,507 shares of the business services provider's stock after purchasing an additional 125,275 shares during the quarter. Fiera Capital Corp owned about 1.74% of RB Global worth $290,000,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. National Bank of Canada FI increased its stake in shares of RB Global by 309.6% in the 3rd quarter. National Bank of Canada FI now owns 808,172 shares of the business services provider's stock worth $65,014,000 after purchasing an additional 610,843 shares in the last quarter. FMR LLC lifted its stake in RB Global by 60.5% in the 3rd quarter. FMR LLC now owns 1,180,975 shares of the business services provider's stock worth $95,057,000 after purchasing an additional 445,004 shares in the last quarter. CIBC Asset Management Inc boosted its stake in RB Global by 57.1% during 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 buying an additional 357,761 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in RB Global by 17.1% in the third quarter. The Manufacturers Life Insurance Company now owns 2,435,191 shares of the business services provider's stock worth $196,109,000 after purchasing an additional 354,803 shares during the last quarter. Finally, Canoe Financial LP raised its position in shares of RB Global by 22.0% during the 3rd quarter. Canoe Financial LP now owns 1,418,666 shares of the business services provider's stock valued at $113,900,000 after buying an additional 255,484 shares in the last quarter. Institutional investors own 95.37% of the company's stock.

RB Global Stock Performance

NYSE RBA traded up $0.36 on Friday, hitting $96.28. 1,104,261 shares of the company's stock traded hands, compared to its average volume of 952,394. The firm has a market capitalization of $17.79 billion, a PE ratio of 52.33, a P/E/G ratio of 3.82 and a beta of 0.96. The firm's 50-day moving average price is $91.47 and its two-hundred day moving average price is $87.68. RB Global, Inc. has a 1-year low of $65.99 and a 1-year high of $99.79. The company has a current ratio of 1.28, a quick ratio of 1.17 and a debt-to-equity ratio of 0.52.

RB Global Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 1.20%. RB Global's payout ratio is 63.04%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on RBA shares. CIBC decreased their target price 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. StockNews.com upgraded shares of RB Global from a "hold" rating to a "buy" rating in a report on Monday, January 27th. Royal Bank of Canada upped their target price on RB Global from $99.00 to $107.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. Robert W. Baird increased their price objective on shares of RB Global from $86.00 to $100.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. Finally, BMO Capital Markets upped their price target on shares of RB Global from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating and six 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 $100.21.

About RB Global

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.