RB Global, Inc. (NYSE:RBA) Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. reduced its position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 95.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,500 shares of the business services provider's stock after selling 70,500 shares during the period. Hillsdale Investment Management Inc.'s holdings in RB Global were worth $316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in RBA. Central Pacific Bank Trust Division acquired a new position in shares of RB Global in the fourth quarter worth about $27,000. Versant Capital Management Inc raised its holdings in RB Global by 136.4% in the 4th 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 period. Jones Financial Companies Lllp boosted its position in 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 purchasing an additional 129 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in RB Global in the fourth quarter valued at approximately $37,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of RB Global in the fourth quarter valued at approximately $40,000. 95.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other RB Global news, CRO James J. Jeter sold 7,597 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $97.85, for a total transaction of $743,366.45. Following the transaction, the executive now directly owns 20,267 shares in the company, valued at $1,983,125.95. This represents a 27.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James Francis Kessler sold 15,700 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now owns 107,569 shares of the company's stock, valued at approximately $10,521,323.89. This 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 valued at $2,338,161 in the last quarter. Insiders own 4.32% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on RBA shares. Royal Bank of Canada boosted 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. BMO Capital Markets boosted their price objective on RB Global from $116.00 to $120.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. StockNews.com lowered RB Global from a "buy" rating to a "hold" rating in a report on Wednesday. Robert W. Baird lifted their target price 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. Finally, Raymond James increased their target price 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. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $107.64.

RB Global Trading Down 2.4 %

Shares of RBA stock traded down $2.39 on Friday, hitting $97.90. 632,326 shares of the stock traded hands, compared to its average volume of 1,043,573. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.29. RB Global, Inc. has a twelve month low of $69.83 and a twelve month high of $106.90. The firm's 50-day moving average price is $96.38 and its two-hundred day moving average price is $91.38. The stock has a market capitalization of $18.09 billion, a PE ratio of 48.70, a PEG ratio of 4.95 and a beta of 0.94.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last posted its earnings results on Tuesday, February 18th. The business services provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.23). The firm had revenue of $1.14 billion during 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 quarter in the previous year, the firm earned $0.82 earnings per share. As a group, analysts anticipate that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Announces Dividend

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 $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 yield of 1.18%. RB Global's dividend payout ratio is currently 57.71%.

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.