Aviva PLC Reduces Stock Position in RB Global, Inc. (NYSE:RBA)

Aviva PLC decreased its position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 55.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 104,622 shares of the business services provider's stock after selling 131,804 shares during the period. Aviva PLC owned about 0.06% of RB Global worth $9,424,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Central Pacific Bank Trust Division bought a new stake in RB Global in the 4th quarter worth $27,000. Versant Capital Management Inc grew its stake 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 worth $28,000 after purchasing an additional 176 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in RB Global by 49.4% during the 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock valued at $35,000 after purchasing an additional 129 shares during the period. Whipplewood Advisors LLC bought a new position in RB Global during the 4th quarter valued at approximately $37,000. Finally, Geneos Wealth Management Inc. purchased a new stake in RB Global in the 4th quarter worth approximately $40,000. 95.37% of the stock is owned by hedge funds and other institutional investors.

RB Global Stock Up 1.2 %

NYSE:RBA traded up $1.16 during mid-day trading on Monday, hitting $98.28. 117,673 shares of the company's stock were exchanged, compared to its average volume of 1,069,625. The company has a market cap of $18.16 billion, a PE ratio of 48.90, a P/E/G ratio of 4.95 and a beta of 0.90. 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 one year low of $69.83 and a one year high of $106.90. The business has a fifty day moving average price of $97.69 and a 200 day moving average price of $92.38.

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RB Global (NYSE:RBA - Get Free Report) TSE: RBA last issued 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 return on equity of 8.00% and a net margin of 9.64%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. Equities analysts predict that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Friday, February 14th. RB Global's dividend payout ratio is presently 57.71%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on RBA shares. BMO Capital Markets boosted their target price on 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 objective on shares of RB Global from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. CIBC dropped their target price on shares of RB Global from $109.00 to $108.00 and set an "outperformer" rating for the company in a research report on Monday, February 3rd. Raymond James boosted their price target 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. Finally, National Bankshares decreased their price target on shares of RB Global from $118.00 to $115.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, RB Global presently has an average rating of "Moderate Buy" and a consensus target price of $108.56.

Insider Buying and Selling

In other news, CRO James J. Jeter sold 600 shares of the business's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $98.63, for a total value of $59,178.00. Following the completion of the transaction, the executive now owns 19,667 shares in the company, valued at $1,939,756.21. The trade was a 2.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO James Francis Kessler sold 15,700 shares of the stock in a transaction on Monday, March 17th. The shares were 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 directly owns 107,569 shares in the company, valued at $10,521,323.89. This trade represents a 12.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,897 shares of company stock worth $2,338,161 in the last quarter. Corporate insiders own 4.32% of the company's stock.

RB Global Company 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.