RB Global, Inc. (NYSE:RBA) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI boosted its position in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 12.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 912,689 shares of the business services provider's stock after buying an additional 104,517 shares during the period. National Bank of Canada FI owned approximately 0.49% of RB Global worth $82,462,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Citigroup Inc. boosted its position in shares of RB Global by 7.7% during the 3rd quarter. Citigroup Inc. now owns 51,792 shares of the business services provider's stock valued at $4,173,000 after acquiring an additional 3,682 shares during the last quarter. Cerity Partners LLC lifted its position in RB Global by 89.7% during the third quarter. Cerity Partners LLC now owns 8,844 shares of the business services provider's stock valued at $712,000 after purchasing an additional 4,182 shares during the last quarter. FMR LLC lifted its position in RB Global by 60.5% during the third quarter. FMR LLC now owns 1,180,975 shares of the business services provider's stock valued at $95,057,000 after purchasing an additional 445,004 shares during the last quarter. Glenmede Trust Co. NA grew its stake in shares of RB Global by 37.8% in the 3rd quarter. Glenmede Trust Co. NA now owns 4,292 shares of the business services provider's stock worth $345,000 after buying an additional 1,178 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of RB Global by 86.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,533 shares of the business services provider's stock worth $5,602,000 after buying an additional 32,235 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company's stock.

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RB Global Trading Down 6.3 %

RBA stock traded down $6.13 during mid-day trading on Friday, reaching $91.91. The company had a trading volume of 1,251,234 shares, compared to its average volume of 1,054,280. The firm has a 50 day moving average of $97.22 and a 200 day moving average of $91.91. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17. RB Global, Inc. has a 12 month low of $69.83 and a 12 month high of $106.90. The company has a market capitalization of $16.99 billion, a PE ratio of 45.73, a price-to-earnings-growth ratio of 4.95 and a beta of 0.90.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last announced 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). The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.06 billion. RB Global had a return on equity of 8.00% and a net margin of 9.64%. During the same period last year, the company earned $0.82 EPS. On average, equities analysts predict that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.26%. RB Global's payout ratio is currently 57.71%.

Wall Street Analysts Forecast Growth

RBA has been the subject of a number of recent research reports. CIBC dropped their target price on RB Global from $109.00 to $108.00 and set an "outperformer" rating for the company in a report on Monday, February 3rd. Raymond James lifted their price objective on shares of RB Global from $110.00 to $118.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. BMO Capital Markets increased their target price on shares of RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Robert W. Baird upped their price target on shares of RB Global from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Finally, StockNews.com downgraded shares of RB Global from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $107.64.

Insider Buying and Selling

In related news, CRO James J. Jeter sold 600 shares of the company's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $98.63, for a total transaction of $59,178.00. Following the completion of the sale, the executive now directly owns 19,667 shares in the company, valued at $1,939,756.21. This represents a 2.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO James Francis Kessler sold 15,700 shares of RB Global stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 107,569 shares in the company, valued at $10,521,323.89. This trade represents a 12.74 % decrease in their position. 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 over the last three months. 4.32% of the stock is owned by company insiders.

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.