RB Global, Inc. $RBA Shares Acquired by Fiera Capital Corp

Fiera Capital Corp lifted its position in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,157,985 shares of the business services provider’s stock after buying an additional 90,982 shares during the period. RB Global makes up about 1.4% of Fiera Capital Corp’s holdings, making the stock its 23rd biggest holding. Fiera Capital Corp’s holdings in RB Global were worth $428,223,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in RBA. Syon Capital LLC purchased a new stake in RB Global during the 4th quarter worth $208,000. Los Angeles Capital Management LLC purchased a new stake in RB Global during the 4th quarter worth $167,000. Nemes Rush Group LLC purchased a new stake in RB Global during the 4th quarter worth $54,000. Havemeyer Place LP purchased a new stake in RB Global during the 4th quarter worth $536,000. Finally, OneAscent Financial Services LLC boosted its position in RB Global by 25.6% during the 4th quarter. OneAscent Financial Services LLC now owns 2,353 shares of the business services provider’s stock worth $242,000 after purchasing an additional 479 shares during the period. 95.37% of the stock is currently owned by institutional investors and hedge funds.

RB Global Stock Performance

Shares of RBA stock opened at $104.47 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.07 and a current ratio of 1.14. RB Global, Inc. has a one year low of $93.58 and a one year high of $119.58. The company’s 50-day simple moving average is $102.77 and its 200-day simple moving average is $104.06. The stock has a market capitalization of $19.42 billion, a price-to-earnings ratio of 48.59, a PEG ratio of 1.66 and a beta of 0.57.

RB Global (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings results on Monday, May 4th. The business services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.97 by $0.04. RB Global had a net margin of 9.55% and a return on equity of 12.33%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter last year, the company posted $0.89 earnings per share. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. Equities analysts anticipate that RB Global, Inc. will post 4.09 earnings per share for the current fiscal year.

RB Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Wednesday, May 27th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. RB Global’s dividend payout ratio (DPR) is presently 57.67%.

Insider Activity at RB Global

In related news, Director Deborah Stein purchased 425 shares of RB Global stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average price of $103.15 per share, with a total value of $43,838.75. Following the completion of the transaction, the director owned 1,825 shares of the company’s stock, valued at approximately $188,248.75. This trade represents a 30.36% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

RBA has been the subject of a number of research reports. Barclays initiated coverage on shares of RB Global in a research report on Thursday, May 28th. They set an “overweight” rating and a $124.00 price target for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RB Global in a research report on Tuesday, May 26th. Royal Bank Of Canada upped their price target on shares of RB Global from $146.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Stephens reaffirmed an “equal weight” rating and set a $96.00 price target on shares of RB Global in a research report on Tuesday, May 5th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $135.00 price target (up from $130.00) on shares of RB Global in a research report on Tuesday, May 5th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $126.13.

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.