RB Global, Inc. (NYSE:RBA) Stock Position Lifted by Fiera Capital Corp

Fiera Capital Corp grew its position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,216,507 shares of the business services provider’s stock after acquiring an additional 125,275 shares during the quarter. Fiera Capital Corp’s holdings in RB Global were worth $290,000,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp increased its stake in RB Global by 2.1% during the third quarter. State Street Corp now owns 5,045,188 shares of the business services provider’s stock valued at $406,087,000 after purchasing an additional 103,080 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of RB Global by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,702,381 shares of the business services provider’s stock valued at $297,400,000 after buying an additional 108,188 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of RB Global by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 3,383,191 shares of the business services provider’s stock valued at $272,293,000 after buying an additional 24,101 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of RB Global by 17.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,435,191 shares of the business services provider’s stock valued at $196,109,000 after buying an additional 354,803 shares during the last quarter. Finally, Canoe Financial LP raised its stake in RB Global by 22.0% during the third quarter. Canoe Financial LP now owns 1,418,666 shares of the business services provider’s stock worth $113,900,000 after acquiring an additional 255,484 shares during the period. 95.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RBA has been the subject of a number of research reports. CIBC decreased their target price on RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a research note on Monday, February 3rd. StockNews.com upgraded RB Global from a “hold” rating to a “buy” rating in a research report on Monday, January 27th. BMO Capital Markets upped their price objective on RB Global from $105.00 to $107.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Royal Bank of Canada raised their target price on RB Global from $99.00 to $107.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, Robert W. Baird upped their price target on shares of RB Global from $86.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, RB Global currently has a consensus rating of “Moderate Buy” and an average price target of $100.21.

RB Global Trading Up 0.2 %

NYSE:RBA opened at $94.02 on Thursday. The stock has a market cap of $17.37 billion, a price-to-earnings ratio of 51.10, a PEG ratio of 3.82 and a beta of 0.96. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.17 and a current ratio of 1.28. RB Global, Inc. has a 1 year low of $65.79 and a 1 year high of $99.79. The business has a fifty day moving average of $91.51 and a 200-day moving average of $87.44.

RB Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 1.23%. RB Global’s payout ratio is 63.04%.

About RB Global

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.