RB Global, Inc. (NYSE:RBA) Shares Bought by Boston Partners

Boston Partners grew its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,308,977 shares of the business services provider’s stock after buying an additional 214,181 shares during the quarter. Boston Partners’ holdings in RB Global were worth $298,500,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Central Pacific Bank Trust Division purchased a new stake in RB Global during the 4th quarter worth about $27,000. Versant Capital Management Inc increased its stake in shares of RB Global by 136.4% during the fourth quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock worth $28,000 after buying an additional 176 shares during the period. Jones Financial Companies Lllp raised its holdings in RB Global by 49.4% in the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 129 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in RB Global in the fourth quarter worth approximately $37,000. Finally, Geneos Wealth Management Inc. acquired a new position in RB Global during the 4th quarter worth approximately $40,000. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on RBA shares. Robert W. Baird boosted their target price on shares of RB Global from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Royal Bank of Canada boosted their target price on RB Global from $107.00 to $116.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. StockNews.com lowered shares of RB Global from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Raymond James upped their target price 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. Finally, BMO Capital Markets lifted their price target on shares of RB Global from $116.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, RB Global presently has an average rating of “Moderate Buy” and an average price target of $107.64.

RB Global Price Performance

Shares of NYSE:RBA opened at $97.98 on Tuesday. RB Global, Inc. has a one year low of $69.83 and a one year high of $106.90. The stock has a market capitalization of $18.10 billion, a price-to-earnings ratio of 48.75, a PEG ratio of 4.95 and a beta of 0.94. The company has a 50-day simple moving average of $94.65 and a 200-day simple moving average of $90.53. 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 posted its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.23). The company had revenue of $1.14 billion for 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 period in the previous year, the business posted $0.82 earnings per share. On average, analysts predict that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a dividend of $0.29 per share. The ex-dividend date was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.18%. RB Global’s payout ratio is currently 57.71%.

RB Global 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.