Banco Santander S.A. Has $822,000 Position in RB Global, Inc. (NYSE:RBA)

Banco Santander S.A. lifted its position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 18.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,109 shares of the business services provider’s stock after purchasing an additional 1,431 shares during the period. Banco Santander S.A.’s holdings in RB Global were worth $822,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of RBA. Central Pacific Bank Trust Division acquired a new position in RB Global during the 4th quarter worth $27,000. Versant Capital Management Inc lifted its position in shares of RB Global by 136.4% during the 4th 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 last quarter. Jones Financial Companies Lllp lifted its position in shares of 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 shares of RB Global during the 4th quarter worth about $36,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of RB Global during the 4th quarter worth about $37,000. 95.37% of the stock is currently owned by institutional investors and hedge funds.

RB Global Price Performance

NYSE:RBA opened at $101.36 on Monday. The company has a 50-day moving average of $93.87 and a 200-day moving average of $90.05. The company has a market capitalization of $18.73 billion, a price-to-earnings ratio of 50.43, a PEG ratio of 4.95 and a beta of 0.94. RB Global, Inc. has a 52 week low of $69.83 and a 52 week high of $106.90. 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 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 business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.06 billion. RB Global had a return on equity of 8.00% and a net margin of 9.64%. During the same quarter in the prior year, the business earned $0.82 EPS. As a group, equities research analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a dividend of $0.29 per share. The ex-dividend date was Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.14%. RB Global’s dividend payout ratio (DPR) is presently 57.71%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Raymond James upped their price target on RB Global from $110.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Robert W. Baird upped 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 cut 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. Royal Bank of Canada upped their price objective on shares of RB Global from $107.00 to $116.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Finally, StockNews.com lowered shares of RB Global from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus 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.