Fiera Capital Corp Has $166.10 Million Position in RB Global, Inc. (NYSE:RBA)

Fiera Capital Corp lessened its stake in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 5.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,473,923 shares of the business services provider's stock after selling 140,229 shares during the quarter. Fiera Capital Corp owned about 1.36% of RB Global worth $166,096,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mariner LLC raised its holdings in RB Global by 3.6% in the 3rd quarter. Mariner LLC now owns 27,567 shares of the business services provider's stock valued at $1,723,000 after acquiring an additional 946 shares during the period. Triasima Portfolio Management inc. lifted its holdings in RB Global by 1,152.4% during the 4th quarter. Triasima Portfolio Management inc. now owns 193,118 shares of the business services provider's stock worth $12,947,000 after purchasing an additional 177,698 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in RB Global by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,030,810 shares of the business services provider's stock valued at $68,951,000 after purchasing an additional 24,684 shares during the period. Vontobel Holding Ltd. boosted its stake in RB Global by 487.6% in the 4th quarter. Vontobel Holding Ltd. now owns 158,329 shares of the business services provider's stock valued at $10,591,000 after purchasing an additional 131,383 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in RB Global by 10.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,320,114 shares of the business services provider's stock valued at $645,007,000 after buying an additional 977,171 shares in the last quarter. Institutional investors own 95.37% of the company's stock.

RB Global Price Performance

Shares of NYSE:RBA traded down $0.08 during midday trading on Friday, hitting $74.98. The stock had a trading volume of 650,859 shares, compared to its average volume of 812,765. The company's 50-day moving average price is $74.48 and its 200-day moving average price is $69.05. RB Global, Inc. has a fifty-two week low of $51.41 and a fifty-two week high of $80.67. The company has a quick ratio of 1.23, a current ratio of 1.29 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $13.72 billion, a P/E ratio of 45.17, a price-to-earnings-growth ratio of 5.72 and a beta of 0.88.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last announced its quarterly earnings data on Friday, February 23rd. The business services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.68 by $0.14. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. RB Global had a net margin of 8.08% and a return on equity of 6.87%. The company's revenue was up 134.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 earnings per share. As a group, equities research analysts predict that RB Global, Inc. will post 1.9 EPS for the current fiscal year.

RB Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Wednesday, May 29th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Wednesday, May 29th. RB Global's dividend payout ratio (DPR) is presently 65.06%.

Insider Buying and Selling at RB Global

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RBA. Scotiabank lifted their target price on RB Global from $88.00 to $89.00 and gave the stock a "sector outperform" rating in a report on Wednesday, April 24th. StockNews.com upgraded shares of RB Global from a "sell" rating to a "hold" rating in a research report on Friday, February 9th. Raymond James lifted their price target on shares of RB Global from $78.00 to $90.00 and gave the company an "outperform" rating in a research report on Monday, February 26th. Finally, Royal Bank of Canada boosted their price target on RB Global from $75.00 to $93.00 and gave the company an "outperform" rating in a research note on Monday, February 26th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $83.00.

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.

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