35,813 Shares in RB Global, Inc. (NYSE:RBA) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 35,813 shares of the business services provider’s stock, valued at approximately $36,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. increased its stake in RB Global by 10.8% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 234,575 shares of the business services provider’s stock valued at $21,161,000 after acquiring an additional 22,956 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its holdings in shares of RB Global by 2.1% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 71,400 shares of the business services provider’s stock valued at $6,441,000 after purchasing an additional 1,500 shares in the last quarter. Whipplewood Advisors LLC bought a new position in shares of RB Global in the 4th quarter valued at $37,000. Oregon Public Employees Retirement Fund raised its holdings in shares of RB Global by 0.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,510 shares of the business services provider’s stock worth $3,384,000 after buying an additional 210 shares in the last quarter. Finally, Advisor OS LLC lifted its position in shares of RB Global by 8.2% during the 4th quarter. Advisor OS LLC now owns 6,972 shares of the business services provider’s stock worth $629,000 after buying an additional 527 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

RB Global Stock Down 3.2 %

NYSE:RBA opened at $94.43 on Friday. RB Global, Inc. has a one year low of $69.83 and a one year high of $106.90. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17. The company has a market cap of $17.44 billion, a PE ratio of 46.98, a P/E/G ratio of 4.95 and a beta of 0.94. The firm’s 50 day simple moving average is $94.36 and its 200 day simple moving average is $90.29.

RB Global (NYSE:RBA) (TSE:RBA) last issued its quarterly 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). RB Global had a return on equity of 8.00% and a net margin of 9.64%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the firm posted $0.82 EPS. On average, research analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current 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 $0.29 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.23%. RB Global’s dividend payout ratio (DPR) is presently 57.71%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RBA. Raymond James lifted their target price on RB Global from $110.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. StockNews.com lowered shares of RB Global from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. 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, February 19th. Royal Bank of Canada raised their target price on shares of RB Global from $107.00 to $116.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Finally, CIBC lowered their price target on shares of RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, RB Global has an average rating of “Moderate Buy” and a consensus price target of $107.64.

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.