RB Global, Inc. (NYSE:RBA) Shares Sold by Nicholas Company Inc.

Nicholas Company Inc. cut its position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 312,790 shares of the business services provider’s stock after selling 5,900 shares during the quarter. Nicholas Company Inc.’s holdings in RB Global were worth $28,217,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in RB Global during the 4th quarter worth approximately $266,148,000. Vontobel Holding Ltd. lifted its position in RB Global by 9.8% during the 4th quarter. Vontobel Holding Ltd. now owns 8,451,146 shares of the business services provider’s stock worth $762,378,000 after acquiring an additional 753,700 shares during the period. National Bank of Canada FI lifted its position in RB Global by 309.6% during the 3rd quarter. National Bank of Canada FI now owns 808,172 shares of the business services provider’s stock worth $65,014,000 after acquiring an additional 610,843 shares during the period. FMR LLC lifted its position in RB Global by 60.5% during the 3rd quarter. FMR LLC now owns 1,180,975 shares of the business services provider’s stock worth $95,057,000 after acquiring an additional 445,004 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in 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 worth $196,109,000 after acquiring an additional 354,803 shares during the period. 95.37% of the stock is owned by institutional investors and hedge funds.

RB Global Stock Performance

NYSE RBA opened at $95.81 on Friday. RB Global, Inc. has a 1-year low of $69.83 and a 1-year high of $106.90. The company has a market capitalization of $17.70 billion, a P/E ratio of 47.66, a PEG ratio of 4.95 and a beta of 0.94. The business has a 50 day moving average price of $94.52 and a 200 day moving average price of $90.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17.

RB Global (NYSE:RBA) (TSE:RBA) last released its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.23). The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.06 billion. RB Global had a net margin of 9.64% and a return on equity of 8.00%. During the same period in the previous year, the business earned $0.82 earnings per share. Sell-side analysts expect that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

RB Global Announces Dividend

The business also recently declared 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. This represents a $1.16 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Friday, February 14th. RB Global’s payout ratio is 57.71%.

Analyst Ratings Changes

A number of research firms have weighed in on RBA. Raymond James increased their price objective on RB Global from $110.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. StockNews.com cut RB Global from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Robert W. Baird raised their price target on RB Global from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. CIBC reduced their price target on RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a report on Monday, February 3rd. Finally, Royal Bank of Canada raised 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, RB Global presently has a consensus rating of “Moderate Buy” and an average target price of $107.64.

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.