Blair William & Co. IL Has $73.20 Million Stock Position in RB Global, Inc. (NYSE:RBA)

Blair William & Co. IL lifted its position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 811,401 shares of the business services provider’s stock after buying an additional 6,445 shares during the quarter. Blair William & Co. IL owned about 0.44% of RB Global worth $73,197,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RBA. WINTON GROUP Ltd acquired a new position in RB Global during the fourth quarter worth approximately $484,000. Korea Investment CORP boosted its stake in shares of RB Global by 90.3% during the 4th quarter. Korea Investment CORP now owns 99,702 shares of the business services provider’s stock worth $8,994,000 after acquiring an additional 47,300 shares during the period. Murphy & Mullick Capital Management Corp acquired a new position in shares of RB Global during the 4th quarter worth approximately $59,000. Modern Wealth Management LLC bought a new stake in RB Global in the 4th quarter valued at $258,000. Finally, Vanguard Group Inc. lifted its holdings in RB Global by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 24,916,629 shares of the business services provider’s stock valued at $2,248,060,000 after purchasing an additional 358,752 shares during the last quarter. 95.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. 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 report on Wednesday, February 19th. Raymond James lifted their price target on RB Global from $110.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Royal Bank of Canada upped their price target 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. Robert W. Baird raised their price objective on RB Global from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Finally, StockNews.com downgraded shares of RB Global from a “buy” rating to a “hold” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $107.64.

RB Global Stock Performance

Shares of RBA opened at $100.26 on Thursday. The firm has a market capitalization of $18.52 billion, a P/E ratio of 49.88, a P/E/G ratio of 4.95 and a beta of 0.94. RB Global, Inc. has a 52 week low of $69.83 and a 52 week high of $106.90. The stock has a 50 day moving average price of $96.00 and a two-hundred day moving average price of $91.22. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.29.

RB Global (NYSE:RBA) (TSE:RBA) last announced 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). 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 the consensus estimate of $1.06 billion. During the same quarter last year, the company posted $0.82 EPS. Equities analysts forecast that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, February 14th. RB Global’s payout ratio is currently 57.71%.

Insiders Place Their Bets

In other RB Global news, CEO James Francis Kessler sold 15,700 shares of RB Global stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO James J. Jeter sold 600 shares of the stock in a transaction that occurred 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 transaction, the executive now directly owns 19,667 shares of the company’s stock, valued at $1,939,756.21. This represents a 2.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,897 shares of company stock valued at $2,338,161. Corporate insiders own 4.32% of the company’s stock.

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.