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

Wealth Alliance lowered its position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 25.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Central Pacific Bank Trust Division acquired a new position in shares of RB Global in the fourth quarter valued at approximately $27,000. Versant Capital Management Inc increased its stake in shares of RB Global by 136.4% in the fourth quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock valued at $28,000 after buying an additional 176 shares during the period. Geneos Wealth Management Inc. acquired a new position in shares of RB Global in the fourth quarter valued at approximately $40,000. MassMutual Private Wealth & Trust FSB increased its stake 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 period. Finally, Covestor Ltd increased its stake in shares of RB Global by 533.1% in the third quarter. Covestor Ltd now owns 804 shares of the business services provider’s stock valued at $65,000 after buying an additional 677 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s stock.

RB Global Stock Performance

Shares of RBA stock opened at $102.61 on Friday. The company has a market cap of $18.95 billion, a price-to-earnings ratio of 51.05, a price-to-earnings-growth ratio of 4.36 and a beta of 0.96. RB Global, Inc. has a 52 week low of $67.15 and a 52 week high of $106.90. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average of $91.94 and a 200-day moving average of $88.46.

RB Global (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings data 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 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 period last year, the business earned $0.82 EPS. On average, equities analysts forecast 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. Stockholders of record on Friday, February 14th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Friday, February 14th. RB Global’s dividend payout ratio (DPR) is 57.71%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on RBA shares. Raymond James increased 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. Royal Bank of Canada increased 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. CIBC decreased their target price 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. BMO Capital Markets increased 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. Finally, Robert W. Baird increased 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. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, RB Global presently has an average rating of “Moderate Buy” and an average price target 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.