Tacita Capital Inc Sells 459 Shares of RB Global, Inc. (NYSE:RBA)

Tacita Capital Inc decreased its position in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,262 shares of the business services provider’s stock after selling 459 shares during the quarter. Tacita Capital Inc’s holdings in RB Global were worth $564,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Central Pacific Bank Trust Division bought a new stake in RB Global during the fourth quarter worth about $27,000. Versant Capital Management Inc lifted its holdings 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 worth $28,000 after acquiring an additional 176 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of RB Global by 49.4% in the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider’s stock worth $35,000 after acquiring an additional 129 shares during the last quarter. Whipplewood Advisors LLC bought a new position in shares of RB Global in the fourth quarter worth about $37,000. Finally, Geneos Wealth Management Inc. bought a new position in shares of RB Global in the fourth quarter worth about $40,000. Institutional investors own 95.37% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. StockNews.com cut shares of RB Global from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Robert W. Baird increased their target price on shares of RB Global from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. CIBC dropped their target price on shares of RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a report on Monday, February 3rd. BMO Capital Markets increased their target price on shares of RB Global from $116.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Finally, Royal Bank of Canada upped their price objective on RB Global from $107.00 to $116.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $107.64.

RB Global Stock Performance

RB Global stock opened at $102.72 on Tuesday. The business has a 50 day moving average of $92.86 and a 200-day moving average of $89.41. RB Global, Inc. has a 1 year low of $69.83 and a 1 year high of $106.90. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17. The company has a market capitalization of $18.98 billion, a P/E ratio of 51.10, a P/E/G ratio of 4.95 and a beta of 0.96.

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 analysts’ consensus estimates of $0.81 by ($0.23). The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.06 billion. RB Global had a net margin of 9.64% and a return on equity of 8.00%. During the same period in the prior year, the company posted $0.82 EPS. On average, equities research analysts predict that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Friday, February 14th. RB Global’s dividend payout ratio is presently 57.71%.

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.