Signaturefd LLC Buys 352 Shares of RB Global, Inc. (NYSE:RBA)

Signaturefd LLC increased its stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,051 shares of the business services provider’s stock after buying an additional 352 shares during the period. Signaturefd LLC’s holdings in RB Global were worth $365,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Natixis Advisors LLC raised its stake in RB Global by 69.5% in the fourth quarter. Natixis Advisors LLC now owns 18,877 shares of the business services provider’s stock worth $1,703,000 after buying an additional 7,737 shares in the last quarter. 12th Street Asset Management Company LLC raised its stake in RB Global by 51.7% in the fourth quarter. 12th Street Asset Management Company LLC now owns 335,465 shares of the business services provider’s stock worth $30,262,000 after buying an additional 114,304 shares in the last quarter. Postrock Partners LLC bought a new position in RB Global in the fourth quarter worth about $1,604,000. Intact Investment Management Inc. raised its stake in RB Global by 0.6% in the fourth quarter. Intact Investment Management Inc. now owns 638,838 shares of the business services provider’s stock worth $57,652,000 after buying an additional 3,990 shares in the last quarter. Finally, Aviso Financial Inc. raised its stake in RB Global by 1.4% in the fourth quarter. Aviso Financial Inc. now owns 80,970 shares of the business services provider’s stock worth $7,306,000 after buying an additional 1,112 shares in the last quarter. 95.37% of the stock is owned by institutional investors.

RB Global Trading Down 0.5 %

Shares of RBA stock opened at $98.78 on Friday. RB Global, Inc. has a 12-month low of $69.83 and a 12-month high of $106.90. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The firm’s 50 day moving average is $95.14 and its 200 day moving average is $90.73. The stock has a market capitalization of $18.25 billion, a P/E ratio of 49.15, a P/E/G ratio of 4.95 and a beta of 0.94.

RB Global (NYSE:RBA) (TSE:RBA) last issued its earnings results on Tuesday, February 18th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.23). RB Global had a return on equity of 8.00% and a net margin of 9.64%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the business posted $0.82 EPS. Research analysts expect that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, February 14th. RB Global’s dividend payout ratio is presently 57.71%.

Insider Transactions at RB Global

In other news, CEO James Francis Kessler sold 15,700 shares of RB Global stock in a transaction on Monday, March 17th. The shares were sold at an average price of $97.81, for a total transaction of $1,535,617.00. Following the transaction, the chief executive officer now owns 107,569 shares in the company, valued at $10,521,323.89. This trade represents a 12.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO James J. Jeter sold 7,597 shares of RB Global stock in a transaction on Monday, March 17th. The stock was sold at an average price of $97.85, for a total transaction of $743,366.45. Following the transaction, the executive now owns 20,267 shares in the company, valued at $1,983,125.95. This represents a 27.26 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.32% of the company’s stock.

Wall Street Analyst Weigh In

RBA has been the subject of a number of analyst reports. Robert W. Baird raised their target price on shares of RB Global from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. 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 note on Monday, February 3rd. BMO Capital Markets raised their target price on shares of RB Global from $116.00 to $120.00 and gave the company an “outperform” rating in a research note 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 note on Wednesday, February 19th. Finally, Raymond James raised their target price on shares of RB Global from $110.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, RB Global currently has a consensus 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.