5,993 Shares in RB Global, Inc. (NYSE:RBA) Bought by MQS Management LLC

MQS Management LLC purchased a new stake in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,993 shares of the business services provider's stock, valued at approximately $482,000.

Several other institutional investors have also recently added to or reduced their stakes in RBA. Massmutual Trust Co. FSB ADV lifted its holdings in RB Global by 58.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 446 shares of the business services provider's stock valued at $34,000 after purchasing an additional 165 shares during the last quarter. UMB Bank n.a. increased its position in RB Global by 196.0% in the 3rd quarter. UMB Bank n.a. now owns 586 shares of the business services provider's stock valued at $47,000 after acquiring an additional 388 shares in the last quarter. Quarry LP acquired a new stake in RB Global in the 2nd quarter valued at about $53,000. Nisa Investment Advisors LLC increased its position in RB Global by 33.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 836 shares of the business services provider's stock valued at $64,000 after acquiring an additional 210 shares in the last quarter. Finally, Covestor Ltd increased its position in RB Global by 533.1% in the 3rd quarter. Covestor Ltd now owns 804 shares of the business services provider's stock valued at $65,000 after acquiring an additional 677 shares in the last quarter. 95.37% of the stock is owned by institutional investors.

RB Global Price Performance

NYSE RBA traded up $1.20 during midday trading on Thursday, hitting $92.36. The company had a trading volume of 964,528 shares, compared to its average volume of 1,017,544. The company has a market capitalization of $17.03 billion, a PE ratio of 50.20, a P/E/G ratio of 4.55 and a beta of 0.92. The company has a current ratio of 1.28, a quick ratio of 1.17 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average price of $84.30 and a 200-day moving average price of $80.21. RB Global, Inc. has a twelve month low of $59.11 and a twelve month high of $94.85.

RB Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.16 annualized dividend and a yield of 1.26%. RB Global's dividend payout ratio is presently 63.04%.

Insider Buying and Selling at RB Global

In related news, CRO James J. Jeter sold 3,000 shares of the company's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $85.55, for a total transaction of $256,650.00. Following the completion of the sale, the executive now directly owns 20,267 shares in the company, valued at $1,733,841.85. This represents a 12.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James Francis Kessler sold 17,883 shares of the company's stock in a transaction on Monday, September 9th. The stock was sold at an average price of $83.09, for a total value of $1,485,898.47. Following the sale, the chief executive officer now owns 86,247 shares of the company's stock, valued at approximately $7,166,263.23. This represents a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,681 shares of company stock valued at $3,489,480 in the last three months. Corporate insiders own 4.32% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on RBA. Robert W. Baird raised their price objective on shares of RB Global from $86.00 to $100.00 and gave the company an "outperform" rating in a research report on Monday. Raymond James boosted their price objective on shares of RB Global from $95.00 to $98.00 and gave the stock an "outperform" rating in a research report on Thursday, August 8th. Bank of America boosted their target price on shares of RB Global from $79.00 to $92.50 and gave the stock a "neutral" rating in a report on Monday, August 26th. BMO Capital Markets increased their price target on shares of RB Global from $105.00 to $107.00 and gave the company an "outperform" rating in a report on Monday. Finally, Royal Bank of Canada increased their target price on RB Global from $99.00 to $107.00 and gave the stock an "outperform" rating in a research note on Monday. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $98.36.

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.