Skandinaviska Enskilda Banken AB publ Sells 3,200 Shares of RB Global, Inc. (NYSE:RBA)

Skandinaviska Enskilda Banken AB publ lowered its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,301 shares of the business services provider’s stock after selling 3,200 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in RB Global were worth $1,925,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Vontobel Holding Ltd. raised its holdings in shares of RB Global by 9.8% in the 4th quarter. Vontobel Holding Ltd. now owns 8,451,146 shares of the business services provider’s stock valued at $762,378,000 after purchasing an additional 753,700 shares in the last quarter. State Street Corp raised its holdings in shares of RB Global by 2.1% in the 3rd quarter. State Street Corp now owns 5,045,188 shares of the business services provider’s stock valued at $406,087,000 after purchasing an additional 103,080 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of RB Global by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,702,381 shares of the business services provider’s stock worth $297,400,000 after acquiring an additional 108,188 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of RB Global by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 3,383,191 shares of the business services provider’s stock worth $272,293,000 after acquiring an additional 24,101 shares in the last quarter. Finally, Fiera Capital Corp raised its stake in shares of RB Global by 4.1% during the 4th quarter. Fiera Capital Corp now owns 3,216,507 shares of the business services provider’s stock worth $290,000,000 after acquiring an additional 125,275 shares in the last quarter. Institutional investors own 95.37% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. CIBC reduced their price objective 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 boosted their price objective on shares of RB Global from $107.00 to $116.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Raymond James boosted their price objective on shares of RB Global from $110.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. StockNews.com lowered shares of RB Global from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Robert W. Baird boosted their price objective on shares of RB Global from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.64.

RB Global Stock Up 1.5 %

NYSE:RBA opened at $95.81 on Monday. The company has a market cap of $17.70 billion, a PE ratio of 47.66, a P/E/G ratio of 4.95 and a beta of 0.94. RB Global, Inc. has a twelve month low of $69.83 and a twelve 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 company’s 50 day moving average is $94.52 and its two-hundred day moving average is $90.44.

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

RB Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Friday, February 14th. RB Global’s dividend payout ratio (DPR) 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.