Tacita Capital Inc Has $564,000 Stake in RB Global, Inc. (NYSE:RBA)

Tacita Capital Inc trimmed its position in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,262 shares of the business services provider’s stock after selling 459 shares during the period. Tacita Capital Inc’s holdings in RB Global were worth $564,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its holdings in RB Global by 49.4% during the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider’s stock worth $35,000 after buying an additional 129 shares during the last quarter. SRS Capital Advisors Inc. increased its holdings in RB Global by 163.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 645 shares of the business services provider’s stock worth $58,000 after buying an additional 400 shares during the last quarter. Peloton Wealth Strategists acquired a new position in RB Global during the fourth quarter worth $257,000. QRG Capital Management Inc. increased its holdings in RB Global by 36.2% during the fourth quarter. QRG Capital Management Inc. now owns 3,456 shares of the business services provider’s stock worth $312,000 after buying an additional 918 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in RB Global during the fourth quarter worth $36,000. 95.37% of the stock is currently owned by institutional investors and hedge funds.

RB Global Trading Up 0.3 %

RBA stock opened at $102.72 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.29. The company’s 50-day simple moving average is $92.86 and its 200 day simple moving average is $89.41. RB Global, Inc. has a 52 week low of $69.83 and a 52 week high of $106.90. The company has a market capitalization of $18.98 billion, a PE ratio of 51.10, a price-to-earnings-growth ratio of 4.95 and a beta of 0.96.

RB Global (NYSE:RBA) (TSE:RBA) last released its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.58 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.23). RB Global had a net margin of 9.64% and a return on equity of 8.00%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the company posted $0.82 earnings per share. As a group, sell-side analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. StockNews.com downgraded shares of RB Global from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. BMO Capital Markets upped their price objective on shares of RB Global from $116.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Royal Bank of Canada upped their price objective on shares of RB Global from $107.00 to $116.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Raymond James upped their price objective on shares of RB Global from $110.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Finally, CIBC decreased their price objective on shares of RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $107.64.

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.