RB Global, Inc. (NYSE:RBA) is Cooke & Bieler LP's 3rd Largest Position

Cooke & Bieler LP decreased its holdings in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,146,573 shares of the business services provider's stock after selling 65,600 shares during the quarter. RB Global makes up 2.7% of Cooke & Bieler LP's investment portfolio, making the stock its 3rd biggest holding. Cooke & Bieler LP owned approximately 1.70% of RB Global worth $283,852,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Vontobel Holding Ltd. grew its stake in shares of 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 during the last quarter. State Street Corp grew its stake in shares of RB Global by 2.1% in the third quarter. State Street Corp now owns 5,045,188 shares of the business services provider's stock worth $406,087,000 after purchasing an additional 103,080 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of RB Global by 3.0% in the third quarter. Geode Capital Management LLC now owns 3,702,381 shares of the business services provider's stock worth $297,400,000 after purchasing an additional 108,188 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of RB Global by 0.7% in the third quarter. Janus Henderson Group PLC now owns 3,383,191 shares of the business services provider's stock worth $272,293,000 after purchasing an additional 24,101 shares during the last quarter. Finally, Fiera Capital Corp boosted its position in RB Global by 4.1% during the fourth quarter. Fiera Capital Corp now owns 3,216,507 shares of the business services provider's stock valued at $290,000,000 after acquiring an additional 125,275 shares during the last quarter. Institutional investors own 95.37% of the company's stock.

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RB Global Stock Up 1.5 %

Shares of RBA stock traded up $1.38 on Friday, reaching $95.81. 1,951,696 shares of the company were exchanged, compared to its average volume of 1,080,465. The company has a market cap of $17.70 billion, a price-to-earnings ratio of 47.66, a PEG ratio of 4.95 and a beta of 0.94. The company has a 50-day moving average of $94.45 and a 200-day moving average of $90.32. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17. RB Global, Inc. has a one year low of $69.83 and a one year high of $106.90.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last posted its earnings results on Tuesday, February 18th. The business services provider reported $0.58 earnings per share 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 business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the company earned $0.82 EPS. Analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current 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 issued a $0.29 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.21%. RB Global's dividend payout ratio is presently 57.71%.

Analyst Upgrades and Downgrades

A number of analysts have commented on RBA shares. Robert W. Baird upped their price target on shares of RB Global from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. BMO Capital Markets upped their price target on shares of RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. StockNews.com cut shares of RB Global from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Royal Bank of Canada upped their price target on shares of RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Finally, Raymond James upped 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $107.64.

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.