RB Global, Inc. (NYSE:RBA) Shares Sold by Amundi

Amundi lowered its holdings in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 11.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 171,817 shares of the business services provider's stock after selling 22,999 shares during the period. Amundi owned 0.09% of RB Global worth $15,525,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of RBA. Jones Financial Companies Lllp grew its holdings in shares of 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. Summit Trail Advisors LLC lifted its position in RB Global by 4.6% during the 4th quarter. Summit Trail Advisors LLC now owns 3,089 shares of the business services provider's stock worth $279,000 after acquiring an additional 137 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of RB Global by 25.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 706 shares of the business services provider's stock valued at $64,000 after purchasing an additional 143 shares during the last quarter. Versant Capital Management Inc increased 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 valued at $28,000 after purchasing an additional 176 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of RB Global by 0.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,510 shares of the business services provider's stock worth $3,384,000 after purchasing an additional 210 shares during the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several brokerages have issued reports on RBA. Royal Bank of Canada boosted their price objective 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. Robert W. Baird boosted their price target on shares of RB Global from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Raymond James raised their price objective on shares of RB Global from $110.00 to $118.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. CIBC lowered their price objective on RB Global from $109.00 to $108.00 and set an "outperformer" rating on the stock in a report on Monday, February 3rd. Finally, StockNews.com downgraded RB Global from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, RB Global currently has a consensus rating of "Moderate Buy" and a consensus price target of $107.64.

RB Global Price Performance

RB Global stock traded up $2.17 during mid-day trading on Monday, reaching $97.98. The company had a trading volume of 3,031,246 shares, compared to its average volume of 1,010,038. The stock's 50-day simple moving average is $94.52 and its 200-day simple moving average is $90.44. The company has a market capitalization of $18.10 billion, a P/E ratio of 48.75, a P/E/G ratio of 4.95 and a beta of 0.94. 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.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last issued its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 8.00% and a net margin of 9.64%. During the same period in the prior year, the firm posted $0.82 earnings per share. On average, equities analysts predict that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Dividend Announcement

The firm 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 1.18%. The ex-dividend date was Friday, February 14th. RB Global's payout ratio is currently 57.71%.

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.