Invesco Ltd. Increases Stock Holdings in RB Global, Inc. (NYSE:RBA)

Invesco Ltd. grew its holdings in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,919,431 shares of the business services provider's stock after acquiring an additional 106,627 shares during the quarter. Invesco Ltd. owned about 1.04% of RB Global worth $173,152,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Central Pacific Bank Trust Division purchased a new position in shares of RB Global in the fourth quarter worth $27,000. Versant Capital Management Inc increased its position in shares of RB Global by 136.4% in the fourth quarter. Versant Capital Management Inc now owns 305 shares of the business services provider's stock valued at $28,000 after acquiring an additional 176 shares during the period. Jones Financial Companies Lllp raised its stake in shares of RB Global by 49.4% during the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock valued at $35,000 after acquiring an additional 129 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of RB Global during the fourth quarter worth about $37,000. Finally, Geneos Wealth Management Inc. bought a new stake in shares of RB Global in the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 95.37% of the company's stock.

Analyst Ratings Changes

RBA has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price target on RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Raymond James raised their price target on 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 report on Wednesday, March 26th. Robert W. Baird lifted 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. Finally, National Bankshares lowered their price objective on shares of RB Global from $118.00 to $115.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $108.56.

RB Global Stock Up 0.9 %

Shares of RBA stock traded up $0.90 during trading hours on Friday, hitting $97.48. 835,270 shares of the company's stock traded hands, compared to its average volume of 1,073,765. 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 stock has a market cap of $18.02 billion, a price-to-earnings ratio of 48.50, a PEG ratio of 4.95 and a beta of 0.90. The stock's fifty day simple moving average is $98.15 and its two-hundred day simple moving average is $92.69. RB Global, Inc. has a 12-month low of $69.83 and a 12-month high of $106.90.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last released its earnings results on Tuesday, February 18th. The business services provider reported $0.58 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 the consensus estimate of $1.06 billion. During the same period last year, the firm posted $0.82 earnings per share. On average, analysts expect that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Announces Dividend

The company also recently declared 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. This represents a $1.16 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Friday, February 14th. RB Global's dividend payout ratio (DPR) is currently 57.71%.

Insider Buying and Selling

In other RB Global news, CEO James Francis Kessler sold 15,700 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $97.81, for a total value of $1,535,617.00. Following the completion of the transaction, the chief executive officer now owns 107,569 shares of the company's stock, valued at approximately $10,521,323.89. The trade was a 12.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO James J. Jeter sold 600 shares of the firm's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $98.63, for a total transaction of $59,178.00. Following the sale, the executive now directly owns 19,667 shares in the company, valued at approximately $1,939,756.21. The trade was 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 three months. Insiders own 4.32% of the company's stock.

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.