RB Global, Inc. (NYSE:RBA) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its stake in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 5.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 99,582 shares of the business services provider's stock after selling 5,603 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of RB Global worth $8,015,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV lifted its position in RB Global by 58.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 446 shares of the business services provider's stock worth $34,000 after buying an additional 165 shares during the period. UMB Bank n.a. grew its stake in shares of RB Global by 196.0% during the 3rd quarter. UMB Bank n.a. now owns 586 shares of the business services provider's stock valued at $47,000 after buying an additional 388 shares during the period. Quarry LP acquired a new stake in shares of RB Global during the 2nd quarter worth $53,000. Nisa Investment Advisors LLC raised its position in shares of RB Global by 33.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 836 shares of the business services provider's stock worth $64,000 after buying an additional 210 shares during the period. Finally, Covestor Ltd grew its position in RB Global by 533.1% during the third quarter. Covestor Ltd now owns 804 shares of the business services provider's stock valued at $65,000 after acquiring an additional 677 shares during the period. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on RBA shares. Bank of America raised their price objective on RB Global from $79.00 to $92.50 and gave the stock a "neutral" rating in a report on Monday, August 26th. Royal Bank of Canada lifted their price target on shares of RB Global from $99.00 to $107.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. BMO Capital Markets increased their price objective on shares of RB Global from $105.00 to $107.00 and gave the stock an "outperform" rating in a research report on Monday, November 11th. Raymond James lifted their target price on shares of RB Global from $95.00 to $98.00 and gave the company an "outperform" rating in a report on Thursday, August 8th. Finally, Robert W. Baird increased their price target on RB Global from $86.00 to $100.00 and gave the company an "outperform" rating in a report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $98.36.

RB Global Stock Down 0.4 %

NYSE:RBA traded down $0.36 on Tuesday, reaching $93.77. The stock had a trading volume of 538,353 shares, compared to its average volume of 1,016,062. The company has a 50-day moving average of $84.50 and a 200 day moving average of $80.47. 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 stock has a market cap of $17.29 billion, a P/E ratio of 51.15, a price-to-earnings-growth ratio of 4.55 and a beta of 0.92. RB Global, Inc. has a 12-month low of $60.84 and a 12-month high of $94.85.

RB Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.29 per share. The ex-dividend date is Wednesday, November 27th. This represents a $1.16 dividend on an annualized basis and a yield of 1.24%. RB Global's dividend payout ratio (DPR) is presently 63.04%.

Insiders Place Their Bets

In other news, CRO James J. Jeter sold 3,000 shares of RB Global stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $85.55, for a total value of $256,650.00. Following the completion of the transaction, the executive now owns 20,267 shares in the company, valued at approximately $1,733,841.85. This trade represents a 12.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James Francis Kessler sold 17,883 shares of RB Global stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 86,247 shares of the company's stock, valued at approximately $7,166,263.23. The trade was a 17.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,766 shares of company stock worth $3,248,118 in the last three months. 4.10% of the stock is owned by insiders.

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.