Blair William & Co. IL Has $77.35 Million Stock Holdings in RB Global, Inc. $RBA
by Kim Johansen · The Markets DailyBlair William & Co. IL lessened its stake in shares of RB Global, Inc. (NYSE:RBA – Free Report) (TSE:RBA) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 751,879 shares of the business services provider’s stock after selling 9,452 shares during the quarter. Blair William & Co. IL’s holdings in RB Global were worth $77,346,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of RBA. AQR Capital Management LLC lifted its stake in shares of RB Global by 94.3% during the 1st quarter. AQR Capital Management LLC now owns 10,489 shares of the business services provider’s stock worth $1,031,000 after buying an additional 5,090 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of RB Global by 53.1% during the 1st quarter. NewEdge Advisors LLC now owns 588 shares of the business services provider’s stock worth $59,000 after buying an additional 204 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of RB Global by 857.9% during the 1st quarter. Jones Financial Companies Lllp now owns 3,736 shares of the business services provider’s stock worth $375,000 after buying an additional 3,346 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of RB Global by 35.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 338,385 shares of the business services provider’s stock worth $33,940,000 after buying an additional 88,813 shares during the last quarter. Finally, Woodline Partners LP acquired a new stake in shares of RB Global during the 1st quarter worth about $4,103,000. Institutional investors and hedge funds own 95.37% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have recently issued reports on RBA. Barclays began coverage on shares of RB Global in a research note on Thursday, May 28th. They set an “overweight” rating and a $124.00 target price for the company. Royal Bank Of Canada raised their target price on shares of RB Global from $146.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. BMO Capital Markets restated an “outperform” rating and set a $135.00 target price (up from $130.00) on shares of RB Global in a research note on Tuesday, May 5th. Stephens restated an “equal weight” rating and set a $96.00 target price on shares of RB Global in a research note on Tuesday, May 5th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RB Global in a research report on Tuesday, May 26th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, RB Global has an average rating of “Moderate Buy” and an average target price of $126.13.
Check Out Our Latest Stock Analysis on RB Global
RB Global Price Performance
RBA stock opened at $110.77 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.14 and a debt-to-equity ratio of 0.40. RB Global, Inc. has a 12 month low of $93.58 and a 12 month high of $119.58. The firm has a market cap of $20.60 billion, a P/E ratio of 51.52, a P/E/G ratio of 1.76 and a beta of 0.57. The company’s 50-day moving average price is $104.28 and its two-hundred day moving average price is $104.57.
RB Global (NYSE:RBA – Get Free Report) (TSE:RBA) last released its earnings results on Monday, May 4th. The business services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.97 by $0.04. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.13 billion. RB Global had a net margin of 9.55% and a return on equity of 12.33%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the firm earned $0.89 EPS. On average, analysts anticipate that RB Global, Inc. will post 4.09 earnings per share for the current fiscal year.
RB Global Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Wednesday, May 27th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $1.24 annualized dividend and a dividend yield of 1.1%. RB Global’s payout ratio is 57.67%.
Insider Activity
In related news, Director Deborah Stein purchased 425 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were bought at an average cost of $103.15 per share, with a total value of $43,838.75. Following the acquisition, the director owned 1,825 shares of the company’s stock, valued at $188,248.75. This trade represents a 30.36% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.57% 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.
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Want to see what other hedge funds are holding RBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RB Global, Inc. (NYSE:RBA – Free Report) (TSE:RBA).