RB Global, Inc. (NYSE:RBA) Shares Bought by Blair William & Co. IL

Blair William & Co. IL increased its holdings in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 0.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 811,401 shares of the business services provider's stock after purchasing an additional 6,445 shares during the quarter. Blair William & Co. IL owned 0.44% of RB Global worth $73,197,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of RBA. Raymond James Financial Inc. acquired a new stake in shares of RB Global in the fourth quarter worth $266,148,000. Vontobel Holding Ltd. raised its position in RB Global by 9.8% in the fourth quarter. Vontobel Holding Ltd. now owns 8,451,146 shares of the business services provider's stock valued at $762,378,000 after purchasing an additional 753,700 shares during the period. National Bank of Canada FI lifted its stake in shares of RB Global by 309.6% during the third quarter. National Bank of Canada FI now owns 808,172 shares of the business services provider's stock worth $65,014,000 after purchasing an additional 610,843 shares in the last quarter. FMR LLC boosted its position in shares of RB Global by 60.5% in the third quarter. FMR LLC now owns 1,180,975 shares of the business services provider's stock worth $95,057,000 after buying an additional 445,004 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of RB Global by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 24,916,629 shares of the business services provider's stock valued at $2,248,060,000 after buying an additional 358,752 shares in the last quarter. Hedge funds and other institutional investors own 95.37% of the company's stock.

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RB Global Stock Up 2.1 %

RB Global stock traded up $2.05 during midday trading on Monday, hitting $99.94. The stock had a trading volume of 526,424 shares, compared to its average volume of 1,041,566. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The business has a fifty day moving average price of $96.38 and a 200 day moving average price of $91.48. RB Global, Inc. has a 12 month low of $69.83 and a 12 month high of $106.90. The stock has a market cap of $18.46 billion, a P/E ratio of 49.75, a P/E/G ratio of 4.95 and a beta of 0.94.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last posted its quarterly earnings results 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 net margin of 9.64% and a return on equity of 8.00%. During the same period in the prior year, the company posted $0.82 earnings per share. Research analysts predict that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Announces Dividend

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

Insider Activity at RB Global

In related news, CEO James Francis Kessler sold 15,700 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $97.81, for a total transaction of $1,535,617.00. Following the completion of the transaction, the chief executive officer now directly owns 107,569 shares in the company, valued at $10,521,323.89. This represents a 12.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO James J. Jeter sold 600 shares of the firm's stock in a transaction 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 completion of the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 23,897 shares of company stock valued at $2,338,161 in the last quarter. Insiders own 4.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on RBA. CIBC dropped their price objective on shares of RB Global from $109.00 to $108.00 and set an "outperformer" rating on the stock in a research note on Monday, February 3rd. Raymond James boosted their price objective on shares of RB Global from $110.00 to $118.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. BMO Capital Markets raised 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. Royal Bank of Canada boosted their price target on RB Global from $107.00 to $116.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Finally, Robert W. Baird raised their price objective on RB Global from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, RB Global has an average 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.