Aigen Investment Management LP acquired a new position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,053 shares of the business services provider's stock, valued at approximately $366,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in RB Global by 7.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,131 shares of the business services provider's stock valued at $333,000 after acquiring an additional 273 shares during the last quarter. QRG Capital Management Inc. bought a new position in RB Global in the third quarter valued at $204,000. Hollencrest Capital Management increased its stake in RB Global by 99.8% in the third quarter. Hollencrest Capital Management now owns 875 shares of the business services provider's stock valued at $70,000 after acquiring an additional 437 shares during the last quarter. Covestor Ltd increased its stake in RB Global by 533.1% in the third quarter. Covestor Ltd now owns 804 shares of the business services provider's stock valued at $65,000 after acquiring an additional 677 shares during the last quarter. Finally, Kampmann Melissa S. increased its stake in RB Global by 1.4% in the third quarter. Kampmann Melissa S. now owns 33,080 shares of the business services provider's stock valued at $2,663,000 after acquiring an additional 465 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company's stock.
A number of research analysts recently commented on RBA shares. Raymond James increased their target price on RB Global from $110.00 to $118.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. BMO Capital Markets increased their target price on RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Royal Bank of Canada raised their price objective on RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. StockNews.com downgraded RB Global from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Robert W. Baird lifted their price objective on RB Global from $105.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $107.64.
Get Our Latest Analysis on RBA
Shares of RBA traded up $1.71 during trading hours on Friday, hitting $101.36. The company had a trading volume of 990,634 shares, compared to its average volume of 1,055,094. RB Global, Inc. has a 52-week low of $69.83 and a 52-week high of $106.90. The firm has a market cap of $18.73 billion, a P/E ratio of 50.43, a P/E/G ratio of 4.95 and a beta of 0.94. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.50. The stock's 50 day moving average price is $93.87 and its 200 day moving average price is $90.05.
RB Global (NYSE:RBA - Get Free Report) 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 analysts' consensus estimates of $0.81 by ($0.23). RB Global had a net margin of 9.64% and a return on equity of 8.00%. The business had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. On average, research analysts predict that RB Global, Inc. will post 2.5 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.14%. RB Global's dividend payout ratio is presently 57.71%.
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.
Before you consider RB Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RB Global wasn't on the list.
While RB Global currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.