RB Global, Inc. (NYSE:RBA) Holdings Boosted by Xponance Inc.

Xponance Inc. boosted its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,149 shares of the business services provider’s stock after acquiring an additional 1,300 shares during the period. Xponance Inc.’s holdings in RB Global were worth $1,908,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of RBA. Raymond James Financial Inc. bought a new position in RB Global in the fourth quarter worth about $266,148,000. Vontobel Holding Ltd. increased 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 valued at $762,378,000 after purchasing an additional 753,700 shares during the period. National Bank of Canada FI increased its stake in shares of RB Global by 309.6% in the third quarter. National Bank of Canada FI now owns 808,172 shares of the business services provider’s stock valued at $65,014,000 after purchasing an additional 610,843 shares during the period. FMR LLC increased its stake in shares of RB Global by 60.5% in the third quarter. FMR LLC now owns 1,180,975 shares of the business services provider’s stock valued at $95,057,000 after purchasing an additional 445,004 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of 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 valued at $196,109,000 after purchasing an additional 354,803 shares during the period. Institutional investors own 95.37% of the company’s stock.

Insiders Place Their Bets

In related news, CEO James Francis Kessler sold 15,700 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $97.81, for a total value of $1,535,617.00. Following the completion of the transaction, the chief executive officer now owns 107,569 shares of the company’s stock, valued at approximately $10,521,323.89. This trade represents a 12.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO James J. Jeter sold 7,597 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $97.85, for a total transaction of $743,366.45. Following the completion of the transaction, the executive now directly owns 20,267 shares of the company’s stock, valued at $1,983,125.95. This represents a 27.26 % decrease in their position. The disclosure for this sale can be found here. 4.32% of the stock is currently owned by company insiders.

RB Global Price Performance

NYSE RBA opened at $99.14 on Friday. 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 firm has a market capitalization of $18.32 billion, a PE ratio of 49.33, a P/E/G ratio of 4.95 and a beta of 0.94. RB Global, Inc. has a 12 month low of $69.83 and a 12 month high of $106.90. The company’s 50 day simple moving average is $95.35 and its 200 day simple moving average is $90.82.

RB Global (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.23). The business had revenue of $1.14 billion during the quarter, compared to analyst estimates 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 last year, the firm posted $0.82 EPS. As a group, equities research analysts forecast that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

RB Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a $0.29 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 1.17%. RB Global’s dividend payout ratio (DPR) is 57.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. StockNews.com upgraded shares of RB Global from a “hold” rating to a “buy” rating in a research note on Tuesday. Raymond James raised their price target on shares of RB Global from $110.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. CIBC lowered their price objective on shares of RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a research note on Monday, February 3rd. Robert W. Baird raised their price objective on shares of RB Global from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada raised their price objective on shares of RB Global from $107.00 to $116.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.