Wealth Alliance Has $349,000 Position in RB Global, Inc. (NYSE:RBA)

Wealth Alliance lessened its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 25.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,872 shares of the business services provider’s stock after selling 1,293 shares during the quarter. Wealth Alliance’s holdings in RB Global were worth $349,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Sunpointe LLC bought a new stake in shares of RB Global in the fourth quarter valued at about $2,325,000. Peregrine Capital Management LLC boosted its position in shares of RB Global by 1.9% in the fourth quarter. Peregrine Capital Management LLC now owns 70,510 shares of the business services provider’s stock valued at $6,361,000 after acquiring an additional 1,303 shares during the period. Sanctuary Advisors LLC boosted its position in shares of RB Global by 5.1% in the fourth quarter. Sanctuary Advisors LLC now owns 6,188 shares of the business services provider’s stock valued at $563,000 after acquiring an additional 303 shares during the period. Rhumbline Advisers boosted its position in shares of RB Global by 0.8% in the fourth quarter. Rhumbline Advisers now owns 479,229 shares of the business services provider’s stock valued at $43,231,000 after acquiring an additional 3,947 shares during the period. Finally, New York State Teachers Retirement System boosted its position in shares of RB Global by 2.6% in the fourth quarter. New York State Teachers Retirement System now owns 98,471 shares of the business services provider’s stock valued at $8,883,000 after acquiring an additional 2,476 shares during the period. Institutional investors own 95.37% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RBA. Raymond James boosted their target price on shares of RB Global from $110.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday. Robert W. Baird upped their price objective on shares of RB Global from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday. BMO Capital Markets upped their price objective on shares of RB Global from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday. CIBC cut their price objective on shares of RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a research report on Monday, February 3rd. Finally, Royal Bank of Canada upped their price objective on shares of RB Global from $107.00 to $116.00 and gave the stock an “outperform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, RB Global presently has an average rating of “Moderate Buy” and an average target price of $107.64.

RB Global Stock Down 0.9 %

RBA stock opened at $102.61 on Friday. The stock has a market capitalization of $18.95 billion, a P/E ratio of 51.05, a price-to-earnings-growth ratio of 4.36 and a beta of 0.96. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. RB Global, Inc. has a 12 month low of $67.15 and a 12 month high of $106.90. The firm has a 50-day moving average price of $91.94 and a 200-day moving average price of $88.46.

RB Global (NYSE:RBA) (TSE:RBA) last posted its earnings results on Tuesday, February 18th. The business services provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.23). The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate 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 last year, the company posted $0.82 EPS. As a group, equities research analysts anticipate that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

RB Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.13%. RB Global’s dividend payout ratio (DPR) is currently 57.71%.

RB Global Company 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.