Parkside Financial Bank & Trust Has $380,000 Stake in RB Global, Inc. (NYSE:RBA)

Parkside Financial Bank & Trust decreased its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 6.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,208 shares of the business services provider’s stock after selling 287 shares during the quarter. Parkside Financial Bank & Trust’s holdings in RB Global were worth $380,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of RBA. International Assets Investment Management LLC acquired a new stake in RB Global in the 3rd quarter worth about $1,057,000. Assenagon Asset Management S.A. raised its stake in RB Global by 8.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 10,141 shares of the business services provider’s stock worth $817,000 after purchasing an additional 781 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in RB Global by 7.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,131 shares of the business services provider’s stock worth $333,000 after purchasing an additional 273 shares in the last quarter. State of Alaska Department of Revenue raised its stake in RB Global by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 21,420 shares of the business services provider’s stock worth $1,724,000 after purchasing an additional 1,450 shares in the last quarter. Finally, New York State Teachers Retirement System raised its stake in RB Global by 3.2% in the 3rd quarter. New York State Teachers Retirement System now owns 95,995 shares of the business services provider’s stock worth $7,727,000 after purchasing an additional 2,995 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

RB Global Price Performance

RBA stock opened at $102.33 on Friday. The company has a 50 day simple moving average of $92.63 and a 200 day simple moving average of $89.10. The stock has a market cap of $18.90 billion, a price-to-earnings ratio of 50.91, a P/E/G ratio of 4.95 and a beta of 0.96. RB Global, Inc. has a 1 year low of $69.83 and a 1 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.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.23). The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.06 billion. RB Global had a return on equity of 8.00% and a net margin of 9.64%. During the same quarter in the prior year, the company earned $0.82 earnings per share. Research analysts anticipate that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

RB Global Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently commented on RBA. BMO Capital Markets boosted their target price 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 cut shares of RB Global from a “buy” rating to a “hold” rating in a research report on Tuesday. Robert W. Baird boosted their target price on shares of RB Global from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. 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, February 19th. Finally, Royal Bank of Canada boosted 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. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, RB Global presently has an average rating of “Moderate Buy” and a consensus price target of $107.64.

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.