Mawer Investment Management Ltd. Has $10.88 Million Stake in RB Global, Inc. (NYSE:RBA)

Mawer Investment Management Ltd. grew its stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 15.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,564 shares of the business services provider’s stock after acquiring an additional 16,397 shares during the period. Mawer Investment Management Ltd. owned 0.07% of RB Global worth $10,876,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of RBA. Central Pacific Bank Trust Division acquired a new stake in shares of RB Global in the 4th quarter valued at $27,000. Versant Capital Management Inc increased its position in RB Global by 136.4% in the fourth quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock worth $28,000 after purchasing an additional 176 shares during the period. Jones Financial Companies Lllp raised its holdings in RB Global by 49.4% during the 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider’s stock worth $35,000 after purchasing an additional 129 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in RB Global during the 4th quarter valued at about $36,000. Finally, Whipplewood Advisors LLC bought a new position in shares of RB Global in the 4th quarter valued at about $37,000. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Royal Bank of Canada lifted their target price on shares of RB Global from $107.00 to $116.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Robert W. Baird lifted their price objective on RB Global from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Raymond James increased their target price on RB Global from $110.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. StockNews.com lowered RB Global from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, BMO Capital Markets increased their price target 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, RB Global presently has a consensus rating of “Moderate Buy” and an average target price of $107.64.

Insider Activity at RB Global

In related news, CEO James Francis Kessler sold 15,700 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $97.81, for a total transaction of $1,535,617.00. Following the completion of the transaction, the chief executive officer now directly owns 107,569 shares of the company’s stock, valued at $10,521,323.89. This trade represents a 12.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO James J. Jeter sold 600 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $98.63, for a total value of $59,178.00. Following the completion of the sale, the executive now owns 19,667 shares in the company, valued at $1,939,756.21. This trade represents a 2.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,897 shares of company stock worth $2,338,161 in the last quarter. 4.32% of the stock is owned by insiders.

RB Global Price Performance

RBA stock opened at $97.90 on Friday. 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. The stock has a market cap of $18.09 billion, a price-to-earnings ratio of 48.70, a P/E/G ratio of 4.95 and a beta of 0.94. The company has a 50 day simple moving average of $96.38 and a 200 day simple moving average of $91.43.

RB Global (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.23). The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.06 billion. RB Global had a net margin of 9.64% and a return on equity of 8.00%. During the same quarter in the previous year, the company posted $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 company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Friday, February 14th. RB Global’s dividend payout ratio is currently 57.71%.

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.