Advisor OS LLC Has $629,000 Position in RB Global, Inc. (NYSE:RBA)

Advisor OS LLC boosted its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 8.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,972 shares of the business services provider’s stock after acquiring an additional 527 shares during the period. Advisor OS LLC’s holdings in RB Global were worth $629,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of RBA. Coyle Financial Counsel LLC boosted its position in shares of RB Global by 10.7% in the 4th quarter. Coyle Financial Counsel LLC now owns 23,528 shares of the business services provider’s stock worth $2,122,000 after purchasing an additional 2,271 shares during the last quarter. Sunpointe LLC bought a new position in RB Global during the fourth quarter worth about $2,325,000. Peregrine Capital Management LLC boosted its holdings in RB Global by 1.9% during the fourth quarter. Peregrine Capital Management LLC now owns 70,510 shares of the business services provider’s stock worth $6,361,000 after buying an additional 1,303 shares during the last quarter. Sanctuary Advisors LLC grew its position in shares of RB Global by 5.1% during the 4th quarter. Sanctuary Advisors LLC now owns 6,188 shares of the business services provider’s stock worth $563,000 after buying an additional 303 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of RB Global by 0.8% in the 4th quarter. Rhumbline Advisers now owns 479,229 shares of the business services provider’s stock valued at $43,231,000 after acquiring an additional 3,947 shares during the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on RBA shares. Royal Bank of Canada boosted their price objective on shares of RB Global from $107.00 to $116.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Raymond James boosted their price target on shares of RB Global from $110.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. BMO Capital Markets raised their price objective on RB Global from $116.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. StockNews.com cut RB Global from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, CIBC dropped their price target on RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a research report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $107.64.

RB Global Stock Performance

RBA opened at $100.24 on Thursday. The company has a market capitalization of $18.52 billion, a price-to-earnings ratio of 49.87, a P/E/G ratio of 4.95 and a beta of 0.96. The business’s 50-day moving average price is $92.44 and its two-hundred day moving average price is $89.02. 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.

RB Global (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.23). The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.06 billion. RB Global had a return on equity of 8.00% and a net margin of 9.64%. During the same quarter in the previous year, the business posted $0.82 earnings per share. Equities analysts expect that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

RB Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Friday, February 14th. RB Global’s dividend payout ratio is presently 57.71%.

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.