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

Fiera Capital Corp raised its stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 4.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,067,003 shares of the business services provider’s stock after purchasing an additional 190,408 shares during the period. RB Global accounts for approximately 1.4% of Fiera Capital Corp’s holdings, making the stock its 20th biggest holding. Fiera Capital Corp’s holdings in RB Global were worth $440,353,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of RBA. Spire Wealth Management grew its stake in RB Global by 1,090.6% in the third quarter. Spire Wealth Management now owns 381 shares of the business services provider’s stock worth $41,000 after purchasing an additional 349 shares in the last quarter. State of Wyoming bought a new position in RB Global during the 2nd quarter worth approximately $46,000. SouthState Corp grew its position in shares of RB Global by 75.6% in the 2nd quarter. SouthState Corp now owns 453 shares of the business services provider’s stock worth $48,000 after acquiring an additional 195 shares in the last quarter. Whipplewood Advisors LLC increased its holdings in shares of RB Global by 42.9% in the 2nd quarter. Whipplewood Advisors LLC now owns 456 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 137 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of RB Global by 21.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 540 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 97 shares in the last quarter. Institutional investors own 95.37% of the company’s stock.

RB Global Price Performance

Shares of NYSE:RBA opened at $103.78 on Friday. The firm’s 50 day moving average is $109.28 and its two-hundred day moving average is $107.75. The firm has a market capitalization of $19.29 billion, a P/E ratio of 50.87, a PEG ratio of 2.01 and a beta of 0.54. The company has a current ratio of 1.10, a quick ratio of 1.15 and a debt-to-equity ratio of 0.41. RB Global, Inc. has a 52 week low of $87.87 and a 52 week high of $119.58.

RB Global (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings data on Tuesday, February 17th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.12. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.17 billion. RB Global had a return on equity of 11.12% and a net margin of 9.33%.The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.95 EPS. Analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 9th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, February 9th. RB Global’s dividend payout ratio (DPR) is 60.78%.

Analyst Upgrades and Downgrades

A number of research firms have commented on RBA. BMO Capital Markets lifted their price objective on shares of RB Global from $135.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday. Wall Street Zen downgraded shares of RB Global from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of RB Global in a research report on Thursday, January 22nd. Raymond James Financial increased their price objective on shares of RB Global from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Finally, Royal Bank Of Canada lifted their target price on RB Global from $137.00 to $146.00 and gave the company an “outperform” rating in a research note on Wednesday. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, RB Global has a consensus rating of “Moderate Buy” and an average price target of $129.29.

Insider Buying and Selling at RB Global

In related news, CEO James Francis Kessler sold 20,742 shares of the stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $115.00, for a total value of $2,385,330.00. Following the completion of the transaction, the chief executive officer owned 107,569 shares in the company, valued at $12,370,435. This represents a 16.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 4.32% of the stock is currently owned by corporate insiders.

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.