Champlain Investment Partners LLC Has $85.12 Million Stake in RB Global, Inc. (NYSE:RBA)

Champlain Investment Partners LLC lessened its stake in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 6.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 943,556 shares of the business services provider's stock after selling 70,186 shares during the quarter. Champlain Investment Partners LLC owned about 0.51% of RB Global worth $85,118,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Central Pacific Bank Trust Division bought a new stake in shares of RB Global during the fourth quarter worth approximately $27,000. Versant Capital Management Inc grew its position in shares of RB Global by 136.4% in the 4th 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. Jones Financial Companies Lllp increased its position 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 acquiring an additional 129 shares in the last quarter. Proficio Capital Partners LLC bought a new position in RB Global during the 4th quarter worth about $36,000. Finally, Whipplewood Advisors LLC bought a new position in shares of RB Global during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 95.37% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. BMO Capital Markets upped their target price on RB Global from $116.00 to $120.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. StockNews.com downgraded RB Global from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Raymond James upped their price target on shares of RB Global from $110.00 to $118.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. CIBC lowered 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. Finally, National Bankshares reduced their price objective on shares of RB Global from $118.00 to $115.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, RB Global has an average rating of "Moderate Buy" and an average price target of $108.56.

Insider Buying and Selling

In other RB Global news, CRO James J. Jeter sold 600 shares of the company's stock in a transaction 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 owns 19,667 shares of the company's stock, valued at approximately $1,939,756.21. This represents a 2.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO James Francis Kessler sold 15,700 shares of the firm's 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 directly owns 107,569 shares of the company's stock, valued at $10,521,323.89. This represents a 12.74 % decrease in their position. 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 ninety days. Company insiders own 4.32% of the company's stock.

RB Global Price Performance

RB Global stock traded up $0.90 during trading hours on Friday, reaching $97.48. 835,270 shares of the stock were exchanged, compared to its average volume of 1,078,134. The stock has a 50 day moving average of $98.22 and a two-hundred day moving average of $92.90. The company has a market cap of $18.02 billion, a P/E ratio of 48.50, a price-to-earnings-growth ratio of 4.95 and a beta of 0.90. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. RB Global, Inc. has a twelve month low of $69.83 and a twelve month high of $106.90.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last released its earnings results 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 the consensus estimate of $1.06 billion. RB Global had a net margin of 9.64% and a return on equity of 8.00%. During the same quarter in the prior year, the firm earned $0.82 EPS. Equities analysts expect that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

RB Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, February 14th. RB Global's payout ratio is 57.71%.

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.