Callan Family Office LLC Takes Position in RB Global, Inc. (NYSE:RBA)

Callan Family Office LLC bought a new stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,938 shares of the business services provider’s stock, valued at approximately $265,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Central Pacific Bank Trust Division purchased a new position in shares of RB Global in the fourth quarter valued at $27,000. Versant Capital Management Inc boosted 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 purchasing an additional 176 shares during the period. Jones Financial Companies Lllp raised its holdings in RB Global by 49.4% in the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 129 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in RB Global in the fourth quarter valued at $36,000. Finally, Whipplewood Advisors LLC acquired a new stake in RB Global in the fourth quarter valued at $37,000. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

RB Global Stock Down 1.8 %

Shares of NYSE:RBA opened at $99.52 on Tuesday. The stock has a market capitalization of $18.39 billion, a price-to-earnings ratio of 49.51, a price-to-earnings-growth ratio of 4.95 and a beta of 0.94. RB Global, Inc. has a 1-year low of $69.83 and a 1-year high of $106.90. The company’s fifty day moving average is $93.87 and its two-hundred day moving average is $90.05. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.29.

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 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 firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the business earned $0.82 EPS. Equities analysts anticipate that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.17%. RB Global’s dividend payout ratio (DPR) is presently 57.71%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. StockNews.com cut shares of RB Global from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Raymond James upped 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. Robert W. Baird upped their price target on shares of RB Global from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. CIBC cut their price target on shares of RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a report on Monday, February 3rd. Finally, BMO Capital Markets upped their price target on shares of RB Global from $116.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, RB Global currently has a consensus rating of “Moderate Buy” and an average 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.