RB Global, Inc. (NYSE:RBA) Shares Bought by Fiera Capital Corp

Fiera Capital Corp grew its position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,216,507 shares of the business services provider’s stock after purchasing an additional 125,275 shares during the period. Fiera Capital Corp owned approximately 1.74% of RB Global worth $290,000,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Values First Advisors Inc. acquired a new position in RB Global during the fourth quarter valued at approximately $582,000. Summit Trail Advisors LLC increased its position in shares of RB Global by 4.6% in the fourth quarter. Summit Trail Advisors LLC now owns 3,089 shares of the business services provider’s stock worth $279,000 after acquiring an additional 137 shares in the last quarter. Stephens Inc. AR raised its stake in shares of RB Global by 26.6% in the 4th quarter. Stephens Inc. AR now owns 4,097 shares of the business services provider’s stock valued at $370,000 after acquiring an additional 860 shares during the period. Cidel Asset Management Inc. lifted its holdings in shares of RB Global by 0.3% during the 4th quarter. Cidel Asset Management Inc. now owns 681,212 shares of the business services provider’s stock valued at $61,452,000 after acquiring an additional 2,344 shares in the last quarter. Finally, Klein Pavlis & Peasley Financial Inc. boosted its position in RB Global by 1.5% during the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 45,363 shares of the business services provider’s stock worth $4,092,000 after purchasing an additional 667 shares during the period. Hedge funds and other institutional investors own 95.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on RBA shares. StockNews.com raised RB Global from a “hold” rating to a “buy” rating in a research report on Monday, January 27th. BMO Capital Markets raised their target price on RB Global from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Royal Bank of Canada upped their price target on RB Global from $99.00 to $107.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. CIBC dropped their price objective on shares of RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a research note on Monday, February 3rd. Finally, Robert W. Baird boosted their target price on shares of RB Global from $86.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, RB Global currently has a consensus rating of “Moderate Buy” and an average target price of $100.21.

RB Global Stock Performance

Shares of RBA opened at $94.02 on Thursday. RB Global, Inc. has a 52-week low of $65.79 and a 52-week high of $99.79. The company has a quick ratio of 1.17, a current ratio of 1.28 and a debt-to-equity ratio of 0.52. The firm has a market cap of $17.37 billion, a price-to-earnings ratio of 51.10, a PEG ratio of 3.82 and a beta of 0.96. The business’s 50 day moving average is $91.51 and its two-hundred day moving average is $87.44.

RB Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.23%. RB Global’s dividend payout ratio (DPR) is 63.04%.

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.