WINTON GROUP Ltd Takes $484,000 Position in RB Global, Inc. (NYSE:RBA)

WINTON GROUP Ltd purchased a new position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,360 shares of the business services provider's stock, valued at approximately $484,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in RBA. Citigroup Inc. raised its stake in shares of RB Global by 7.7% during the 3rd quarter. Citigroup Inc. now owns 51,792 shares of the business services provider's stock worth $4,173,000 after purchasing an additional 3,682 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of RB Global by 89.7% during the third quarter. Cerity Partners LLC now owns 8,844 shares of the business services provider's stock valued at $712,000 after acquiring an additional 4,182 shares during the period. FMR LLC grew its holdings in shares of RB Global by 60.5% during the third quarter. FMR LLC now owns 1,180,975 shares of the business services provider's stock worth $95,057,000 after purchasing an additional 445,004 shares during the last quarter. Glenmede Trust Co. NA increased its holdings in shares of RB Global by 37.8% in the third quarter. Glenmede Trust Co. NA now owns 4,292 shares of the business services provider's stock valued at $345,000 after purchasing an additional 1,178 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of RB Global by 86.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,533 shares of the business services provider's stock worth $5,602,000 after purchasing an additional 32,235 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In related news, CEO James Francis Kessler sold 15,700 shares of RB Global stock in a transaction on Monday, March 17th. The shares were sold at an average price of $97.81, for a total transaction of $1,535,617.00. Following the transaction, the chief executive officer now owns 107,569 shares in the company, valued at approximately $10,521,323.89. The trade was a 12.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO James J. Jeter sold 600 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $98.63, for a total transaction of $59,178.00. Following the sale, the executive now directly owns 19,667 shares of the company's stock, valued at approximately $1,939,756.21. This trade represents a 2.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,897 shares of company stock valued at $2,338,161. Corporate insiders own 4.32% of the company's stock.

RB Global Price Performance

Shares of RB Global stock traded down $1.08 during trading on Thursday, hitting $99.86. 727,856 shares of the stock traded hands, compared to its average volume of 1,048,431. The stock has a market cap of $18.45 billion, a price-to-earnings ratio of 49.68, a PEG ratio of 4.95 and a beta of 0.94. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.50. RB Global, Inc. has a 52 week low of $69.83 and a 52 week high of $106.90. The firm's fifty day moving average is $97.02 and its 200-day moving average is $91.76.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last released its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.58 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the company earned $0.82 EPS. Research analysts expect that RB Global, Inc. will post 2.5 EPS for the current fiscal 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 issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 1.16%. RB Global's dividend payout ratio (DPR) is presently 57.71%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on RBA. Raymond James raised their price target on shares of RB Global from $110.00 to $118.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. BMO Capital Markets upped their price objective on shares of RB Global from $116.00 to $120.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. CIBC lowered their price target 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. Royal Bank of Canada raised their price target on shares of RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Finally, StockNews.com lowered shares of RB Global from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.