11,140 Shares in RB Global, Inc. (NYSE:RBA) Acquired by Natixis Advisors LLC

Natixis Advisors LLC purchased a new position in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,140 shares of the business services provider's stock, valued at approximately $897,000.

Other hedge funds have also recently modified their holdings of the company. Weil Company Inc. increased its holdings in shares of RB Global by 1.2% in the third quarter. Weil Company Inc. now owns 11,330 shares of the business services provider's stock valued at $912,000 after purchasing an additional 132 shares during the period. Advisor OS LLC increased its holdings in RB Global by 1.9% in the 2nd quarter. Advisor OS LLC now owns 8,352 shares of the business services provider's stock worth $638,000 after buying an additional 156 shares during the period. Blue Trust Inc. increased its holdings in RB Global by 11.9% in the 3rd quarter. Blue Trust Inc. now owns 1,478 shares of the business services provider's stock worth $113,000 after buying an additional 157 shares during the period. Massmutual Trust Co. FSB ADV raised its position 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 worth $34,000 after buying an additional 165 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in RB Global by 33.5% during 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 during the period. Institutional investors and hedge funds own 95.37% of the company's stock.

Insider Activity at RB Global

In other news, CEO James Francis Kessler sold 17,883 shares of RB Global stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $84.19, for a total transaction of $1,505,569.77. Following the sale, the chief executive officer now owns 86,247 shares of the company's stock, valued at approximately $7,261,134.93. The trade was a 17.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.10% of the company's stock.

Wall Street Analysts Forecast Growth

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

RB Global Price Performance

NYSE RBA traded up $0.18 during mid-day trading on Thursday, hitting $97.68. The stock had a trading volume of 612,088 shares, compared to its average volume of 1,012,306. The firm's 50 day moving average is $86.36 and its 200 day moving average is $81.74. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.28 and a quick ratio of 1.17. The stock has a market capitalization of $18.01 billion, a price-to-earnings ratio of 53.09, a PEG ratio of 4.73 and a beta of 0.92. RB Global, Inc. has a twelve month low of $60.84 and a twelve month high of $99.79.

RB Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be given a $0.29 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.19%. RB Global's dividend payout ratio (DPR) is presently 63.04%.

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.