RB Global, Inc. (NYSE:RBA) Shares Purchased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC lifted its position in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,254 shares of the business services provider’s stock after purchasing an additional 2,222 shares during the period. EverSource Wealth Advisors LLC’s holdings in RB Global were worth $6,247,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of RBA. QRG Capital Management Inc. purchased a new position in shares of RB Global during the 3rd quarter worth approximately $204,000. Covestor Ltd lifted its holdings in 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 acquiring an additional 677 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of RB Global by 16.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 13,496 shares of the business services provider’s stock worth $1,087,000 after purchasing an additional 1,927 shares during the period. Wolverine Asset Management LLC grew its position in RB Global by 379.1% during the third quarter. Wolverine Asset Management LLC now owns 1,011 shares of the business services provider’s stock worth $81,000 after buying an additional 800 shares during the period. Finally, Cumberland Partners Ltd acquired a new stake in shares of RB Global during the 3rd quarter valued at approximately $282,000. Hedge funds and other institutional investors own 95.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Robert W. Baird upped their price objective 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 lowered their price objective on shares of RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a research report on Monday, February 3rd. Raymond James lifted their price objective 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. StockNews.com lowered RB Global from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $107.64.

RB Global Trading Down 1.1 %

NYSE RBA opened at $98.46 on Wednesday. RB Global, Inc. has a 52 week low of $69.83 and a 52 week high of $106.90. The company has a market cap of $18.19 billion, a price-to-earnings ratio of 48.98, a P/E/G ratio of 4.95 and a beta of 0.94. 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 business has a 50 day moving average price of $94.05 and a 200-day moving average price of $90.15.

RB Global (NYSE:RBA) (TSE:RBA) last announced its 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 business had revenue of $1.14 billion for 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 last year, the firm posted $0.82 EPS. As a group, equities analysts expect that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a $0.29 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 1.18%. RB Global’s payout ratio is presently 57.71%.

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.