Triasima Portfolio Management inc. Boosts Position in RB Global, Inc. (NYSE:RBA)

Triasima Portfolio Management inc. raised its stake in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 1,152.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 193,118 shares of the business services provider's stock after purchasing an additional 177,698 shares during the period. RB Global accounts for approximately 1.1% of Triasima Portfolio Management inc.'s investment portfolio, making the stock its 28th biggest position. Triasima Portfolio Management inc. owned approximately 0.11% of RB Global worth $12,947,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Parkside Financial Bank & Trust grew its stake in shares of RB Global by 5.9% in the second quarter. Parkside Financial Bank & Trust now owns 3,388 shares of the business services provider's stock valued at $203,000 after acquiring an additional 189 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of RB Global by 1.6% in the second quarter. Orion Portfolio Solutions LLC now owns 14,874 shares of the business services provider's stock valued at $892,000 after acquiring an additional 237 shares in the last quarter. Claret Asset Management Corp grew its stake in shares of RB Global by 1.7% in the third quarter. Claret Asset Management Corp now owns 14,217 shares of the business services provider's stock valued at $889,000 after acquiring an additional 238 shares in the last quarter. Mariner LLC grew its stake in shares of RB Global by 2.4% in the first quarter. Mariner LLC now owns 10,469 shares of the business services provider's stock valued at $618,000 after acquiring an additional 248 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of RB Global by 0.3% in the third quarter. State Board of Administration of Florida Retirement System now owns 103,115 shares of the business services provider's stock valued at $6,445,000 after acquiring an additional 280 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Scotiabank upped their price target on shares of RB Global from $76.00 to $88.00 and gave the company a "sector outperform" rating in a research note on Monday, February 26th. Royal Bank of Canada increased their price objective on shares of RB Global from $75.00 to $93.00 and gave the stock an "outperform" rating in a research note on Monday, February 26th. StockNews.com upgraded shares of RB Global from a "sell" rating to a "hold" rating in a research note on Friday, February 9th. Finally, Raymond James increased their price objective on shares of RB Global from $78.00 to $90.00 and gave the stock an "outperform" rating in a research note on Monday, February 26th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, RB Global presently has an average rating of "Moderate Buy" and a consensus target price of $82.80.

RB Global Price Performance

RB Global stock traded down $0.26 during trading hours on Friday, reaching $73.06. 565,422 shares of the stock were exchanged, compared to its average volume of 617,514. The company has a market cap of $13.35 billion, a P/E ratio of 85.95, a price-to-earnings-growth ratio of 5.57 and a beta of 0.87. The company has a current ratio of 1.35, a quick ratio of 1.23 and a debt-to-equity ratio of 0.61. RB Global, Inc. has a twelve month low of $51.07 and a twelve month high of $77.99. The stock has a 50 day moving average of $73.50 and a two-hundred day moving average of $67.48.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last posted its earnings results on Friday, February 23rd. The business services provider reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.14. The firm had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.04 billion. RB Global had a net margin of 5.61% and a return on equity of 4.19%. The business's revenue for the quarter was up 134.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 earnings per share. Equities analysts expect that RB Global, Inc. will post 1.88 EPS for the current fiscal year.

RB Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a $0.27 dividend. The ex-dividend date was Thursday, February 8th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.48%. RB Global's dividend payout ratio (DPR) is currently 127.06%.

Insider Transactions at RB Global

In other news, insider Darren Jeffrey Watt sold 1,100 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $77.05, for a total value of $84,755.00. Following the completion of the transaction, the insider now owns 21,103 shares of the company's stock, valued at $1,625,986.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Darren Jeffrey Watt sold 1,100 shares of the firm's stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $77.05, for a total value of $84,755.00. Following the completion of the transaction, the insider now owns 21,103 shares in the company, valued at approximately $1,625,986.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CRO James J. Jeter sold 11,416 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $76.32, for a total transaction of $871,269.12. Following the completion of the transaction, the executive now owns 30,915 shares of the company's stock, valued at approximately $2,359,432.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,816 shares of company stock valued at $1,133,055. 4.32% of the stock is currently owned by insiders.

RB Global Company 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.