American Century Companies Inc. Increases Position in RB Global, Inc. (NYSE:RBA)

American Century Companies Inc. lifted its stake in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 9.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 48,079 shares of the business services provider's stock after acquiring an additional 4,303 shares during the period. American Century Companies Inc.'s holdings in RB Global were worth $4,339,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of RB Global by 0.3% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,729 shares of the business services provider's stock worth $3,674,000 after purchasing an additional 113 shares in the last quarter. Xponance Inc. boosted its stake in RB Global by 6.5% in the fourth quarter. Xponance Inc. now owns 21,149 shares of the business services provider's stock worth $1,908,000 after buying an additional 1,300 shares in the last quarter. Boston Partners boosted its stake in RB Global by 6.9% in the fourth quarter. Boston Partners now owns 3,308,977 shares of the business services provider's stock worth $298,500,000 after buying an additional 214,181 shares in the last quarter. Signaturefd LLC grew its position in RB Global by 9.5% during the fourth quarter. Signaturefd LLC now owns 4,051 shares of the business services provider's stock valued at $365,000 after acquiring an additional 352 shares during the last quarter. Finally, Natixis Advisors LLC raised its stake in shares of RB Global by 69.5% during the fourth quarter. Natixis Advisors LLC now owns 18,877 shares of the business services provider's stock worth $1,703,000 after acquiring an additional 7,737 shares in the last quarter. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other RB Global news, CEO James Francis Kessler sold 15,700 shares of RB Global stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $97.81, for a total value of $1,535,617.00. Following the sale, the chief executive officer now owns 107,569 shares of the company's stock, valued at $10,521,323.89. The trade was a 12.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 value of $59,178.00. Following the transaction, the executive now owns 19,667 shares of the company's stock, valued at $1,939,756.21. This represents a 2.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,897 shares of company stock worth $2,338,161 in the last three months. Company insiders own 4.32% of the company's stock.

RB Global Stock Down 1.2 %

NYSE RBA traded down $1.20 during mid-day trading on Thursday, reaching $94.90. The stock had a trading volume of 968,414 shares, compared to its average volume of 1,069,231. The company has a fifty day moving average price of $97.52 and a 200 day moving average price of $92.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17. RB Global, Inc. has a 1 year low of $69.83 and a 1 year high of $106.90. The stock has a market cap of $17.54 billion, a PE ratio of 47.22, a price-to-earnings-growth ratio of 4.95 and a beta of 0.90.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last posted its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.81 by ($0.23). The business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.06 billion. RB Global had a return on equity of 8.00% and a net margin of 9.64%. During the same period in the previous year, the business posted $0.82 EPS. On average, research analysts expect 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. Stockholders of record on Friday, February 14th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.22%. RB Global's dividend payout ratio (DPR) is presently 57.71%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Royal Bank of Canada lifted their target price on shares of RB Global from $107.00 to $116.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. National Bankshares cut their price objective on shares of RB Global from $118.00 to $115.00 and set an "outperform" rating on the stock in a report on Wednesday. BMO Capital Markets raised their target price on shares of RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Robert W. Baird boosted their price target on RB Global from $105.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Finally, Raymond James raised their price objective on RB Global from $110.00 to $118.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, RB Global currently has an average rating of "Moderate Buy" and an average price target of $108.56.

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.