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

Hillsdale Investment Management Inc. lessened its holdings in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 95.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,500 shares of the business services provider's stock after selling 70,500 shares during the quarter. Hillsdale Investment Management Inc.'s holdings in RB Global were worth $316,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Central Pacific Bank Trust Division purchased a new stake in shares of RB Global during the fourth quarter worth $27,000. Versant Capital Management Inc boosted its stake 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 buying an additional 176 shares during the period. Jones Financial Companies Lllp increased its stake 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 period. Whipplewood Advisors LLC acquired a new position in RB Global during the 4th quarter worth approximately $37,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of RB Global in the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 95.37% of the company's stock.

Insider Buying and Selling at RB Global

In other news, CRO James J. Jeter sold 7,597 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $97.85, for a total value of $743,366.45. Following the sale, the executive now owns 20,267 shares in the company, valued at approximately $1,983,125.95. This represents a 27.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James Francis Kessler sold 15,700 shares of the company's stock in a transaction that occurred 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 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 sold a total of 23,897 shares of company stock valued at $2,338,161 in the last ninety days. Insiders own 4.32% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

Several research firms recently commented on RBA. CIBC dropped their target price on RB Global from $109.00 to $108.00 and set an "outperformer" rating on the stock in a report on Monday, February 3rd. Robert W. Baird raised their target price on RB Global from $105.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Royal Bank of Canada upped their price target on RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. BMO Capital Markets boosted their price objective on shares of RB Global from $116.00 to $120.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Finally, StockNews.com cut RB Global from a "buy" rating to a "hold" rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $107.64.

RB Global Trading Down 0.7 %

RB Global stock traded down $0.67 during midday trading on Thursday, reaching $99.63. The stock had a trading volume of 228,305 shares, compared to its average volume of 1,018,313. The stock's 50-day simple moving average is $96.00 and its 200 day simple moving average is $91.22. RB Global, Inc. has a twelve month low of $69.83 and a twelve month high of $106.90. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.29. The stock has a market capitalization of $18.41 billion, a PE ratio of 49.57, a price-to-earnings-growth ratio of 4.95 and a beta of 0.94.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last released 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). RB Global had a return on equity of 8.00% and a net margin of 9.64%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the company earned $0.82 EPS. Analysts expect that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Dividend Announcement

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