Advisor OS LLC Buys 527 Shares of RB Global, Inc. (NYSE:RBA)

Advisor OS LLC raised its stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,972 shares of the business services provider’s stock after purchasing an additional 527 shares during the quarter. Advisor OS LLC’s holdings in RB Global were worth $629,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Central Pacific Bank Trust Division acquired a new position in shares of RB Global during the 4th quarter worth about $27,000. Versant Capital Management Inc increased its position in RB Global by 136.4% during the fourth quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock worth $28,000 after buying an additional 176 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in RB Global in the fourth quarter valued at approximately $40,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of RB Global by 25.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 706 shares of the business services provider’s stock valued at $64,000 after buying an additional 143 shares during the last quarter. Finally, Covestor Ltd boosted its stake in shares of RB Global by 533.1% during the 3rd quarter. Covestor Ltd now owns 804 shares of the business services provider’s stock worth $65,000 after acquiring an additional 677 shares during the period. 95.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RBA has been the topic of a number of research analyst reports. Royal Bank of Canada increased their price target on RB Global from $107.00 to $116.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. BMO Capital Markets increased their price objective on shares of RB Global from $116.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. StockNews.com downgraded shares of RB Global from a “buy” rating to a “hold” rating in a report on Tuesday. Raymond James increased their price target on shares of RB Global from $110.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Finally, Robert W. Baird boosted their price objective on RB Global from $105.00 to $110.00 and gave the stock 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $107.64.

RB Global Price Performance

NYSE:RBA opened at $100.24 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.29. The firm has a market cap of $18.52 billion, a price-to-earnings ratio of 49.87, a P/E/G ratio of 4.95 and a beta of 0.96. RB Global, Inc. has a 52 week low of $69.83 and a 52 week high of $106.90. The firm’s 50-day simple moving average is $92.44 and its 200 day simple moving average is $89.02.

RB Global (NYSE:RBA) (TSE:RBA) last announced its earnings results on Tuesday, February 18th. The business services provider reported $0.58 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.23). The business had revenue of $1.14 billion for 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 in the prior year, the business posted $0.82 earnings per share. As a group, sell-side analysts predict that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders 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 annualized dividend and a yield of 1.16%. RB Global’s dividend payout ratio is presently 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.