Natixis Advisors LLC Grows Position in RB Global, Inc. (NYSE:RBA)

Natixis Advisors LLC raised its position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 69.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,877 shares of the business services provider’s stock after purchasing an additional 7,737 shares during the quarter. Natixis Advisors LLC’s holdings in RB Global were worth $1,703,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in shares of RB Global by 49.4% in the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider’s stock worth $35,000 after buying an additional 129 shares during the period. Summit Trail Advisors LLC grew its position in RB Global by 4.6% in the 4th quarter. Summit Trail Advisors LLC now owns 3,089 shares of the business services provider’s stock valued at $279,000 after acquiring an additional 137 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in RB Global by 25.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 706 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 143 shares during the last quarter. Versant Capital Management Inc increased its stake in RB Global by 136.4% in the fourth quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock worth $28,000 after purchasing an additional 176 shares during the period. Finally, Avantax Advisory Services Inc. lifted its position in shares of RB Global by 4.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 3,762 shares of the business services provider’s stock worth $339,000 after purchasing an additional 176 shares during the last quarter. Institutional investors own 95.37% of the company’s stock.

Analyst Upgrades and Downgrades

RBA has been the topic of a number of research reports. Robert W. Baird raised their target price on shares of RB Global from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. BMO Capital Markets lifted 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. CIBC lowered their target price on RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a report on Monday, February 3rd. Royal Bank of Canada lifted their price target on RB Global from $107.00 to $116.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Finally, Raymond James upped their price objective on RB Global from $110.00 to $118.00 and gave the stock 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 given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $107.64.

Insider Buying and Selling

In other RB Global news, CRO James J. Jeter sold 600 shares of RB Global stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $98.63, for a total transaction of $59,178.00. Following the completion of the transaction, the executive now owns 19,667 shares in the company, valued at approximately $1,939,756.21. This trade represents a 2.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO James Francis Kessler sold 15,700 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $97.81, for a total value of $1,535,617.00. Following the completion of the sale, the chief executive officer now owns 107,569 shares in the company, valued at $10,521,323.89. The trade was a 12.74 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,897 shares of company stock worth $2,338,161. 4.32% of the stock is owned by company insiders.

RB Global Stock Performance

Shares of RB Global stock opened at $100.12 on Tuesday. The company has a 50 day moving average price of $95.57 and a 200 day moving average price of $91.03. The firm has a market capitalization of $18.49 billion, a P/E ratio of 49.81, a PEG 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. RB Global, Inc. has a 52 week low of $69.83 and a 52 week high of $106.90.

RB Global (NYSE:RBA) (TSE:RBA) last announced 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). RB Global had a net margin of 9.64% and a return on equity of 8.00%. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the firm earned $0.82 earnings per share. Sell-side analysts expect that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a $0.29 dividend. 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 1.16%. RB Global’s dividend 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.