Bank of Montreal Can Has $98.33 Million Holdings in RB Global, Inc. (NYSE:RBA)

Bank of Montreal Can lifted its stake in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 6.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,090,789 shares of the business services provider's stock after purchasing an additional 68,423 shares during the period. Bank of Montreal Can owned 0.59% of RB Global worth $98,325,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Centiva Capital LP acquired a new stake in shares of RB Global during the 3rd quarter valued at $379,000. Quantinno Capital Management LP increased its holdings in shares of RB Global by 8.5% during the third quarter. Quantinno Capital Management LP now owns 27,973 shares of the business services provider's stock valued at $2,252,000 after acquiring an additional 2,180 shares in the last quarter. State Street Corp boosted its stake in RB Global by 2.1% during the 3rd quarter. State Street Corp now owns 5,045,188 shares of the business services provider's stock valued at $406,087,000 after purchasing an additional 103,080 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of RB Global in the 3rd quarter worth $16,604,000. Finally, Brophy Wealth Management LLC bought a new position in shares of RB Global in the third quarter valued at approximately $600,000. 95.37% of the stock is owned by institutional investors and hedge funds.

RB Global Price Performance

NYSE RBA traded up $0.83 during trading hours on Monday, reaching $97.95. The company's stock had a trading volume of 159,687 shares, compared to its average volume of 1,069,767. RB Global, Inc. has a 1-year low of $69.83 and a 1-year high of $106.90. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17. The company's 50-day moving average is $97.69 and its two-hundred day moving average is $92.38. The firm has a market capitalization of $18.10 billion, a price-to-earnings ratio of 48.73, a P/E/G ratio of 4.95 and a beta of 0.90.

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RB Global (NYSE:RBA - Get Free Report) TSE: RBA last announced its earnings results on Tuesday, February 18th. The business services provider reported $0.58 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.06 billion. During the same period last year, the business earned $0.82 EPS. On average, equities analysts predict that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Friday, February 14th. RB Global's dividend payout ratio (DPR) is 57.71%.

Insider Transactions at RB Global

In related news, CRO James J. Jeter sold 600 shares of RB Global stock in a transaction on Friday, March 21st. The shares were sold at an average price of $98.63, for a total transaction of $59,178.00. Following the sale, the executive now owns 19,667 shares of the company's stock, valued at $1,939,756.21. The trade was a 2.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO James Francis Kessler sold 15,700 shares of the business's stock in a transaction on 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 owns 107,569 shares of the company's stock, valued at approximately $10,521,323.89. The trade was a 12.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,897 shares of company stock valued at $2,338,161 in the last 90 days. 4.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

RBA has been the subject of several analyst reports. Raymond James raised their price objective on shares of RB Global from $110.00 to $118.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. BMO Capital Markets upped their price objective on shares of RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Robert W. Baird boosted their price objective 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. StockNews.com lowered shares of RB Global from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Finally, National Bankshares cut their price objective on shares of RB Global from $118.00 to $115.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $108.56.

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.