Nicholas Company Inc. Sells 5,900 Shares of RB Global, Inc. (NYSE:RBA)

Nicholas Company Inc. reduced its position in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 1.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 312,790 shares of the business services provider's stock after selling 5,900 shares during the quarter. Nicholas Company Inc. owned 0.17% of RB Global worth $28,217,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of RBA. Natixis Advisors LLC bought a new stake in shares of RB Global during the third quarter valued at approximately $897,000. Accredited Investors Inc. bought a new stake in shares of RB Global in the 3rd quarter worth $226,000. Swiss National Bank lifted its holdings in shares of RB Global by 1.2% during the third quarter. Swiss National Bank now owns 555,543 shares of the business services provider's stock valued at $44,783,000 after purchasing an additional 6,400 shares in the last quarter. Mawer Investment Management Ltd. lifted its holdings in shares of RB Global by 3.6% during the third quarter. Mawer Investment Management Ltd. now owns 104,167 shares of the business services provider's stock valued at $8,384,000 after purchasing an additional 3,586 shares in the last quarter. Finally, Commerce Bank increased its holdings in RB Global by 10.6% in the 3rd quarter. Commerce Bank now owns 14,906 shares of the business services provider's stock worth $1,200,000 after buying an additional 1,426 shares in the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

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RB Global Price Performance

Shares of NYSE:RBA traded down $0.45 during trading on Thursday, hitting $98.78. 716,193 shares of the company's stock were exchanged, compared to its average volume of 1,008,999. The business's 50-day simple moving average is $94.97 and its 200 day simple moving average is $90.67. The company has a market cap of $18.25 billion, a price-to-earnings ratio of 49.15, a PEG ratio of 4.95 and a beta of 0.94. RB Global, Inc. has a 52-week low of $69.83 and a 52-week high of $106.90. 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 (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 analysts' consensus estimates of $0.81 by ($0.23). RB Global had a net margin of 9.64% and a return on equity of 8.00%. The company had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.06 billion. During the same period last year, the business earned $0.82 earnings per share. As a group, equities analysts predict that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Friday, February 14th. RB Global's payout ratio is currently 57.71%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on RBA shares. Raymond James upped their target price on shares of RB Global from $110.00 to $118.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. BMO Capital Markets raised their target price on shares of RB Global from $116.00 to $120.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. CIBC cut their target price on shares of RB Global from $109.00 to $108.00 and set an "outperformer" rating for the company in a research report on Monday, February 3rd. Royal Bank of Canada increased 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. Finally, StockNews.com raised RB Global from a "hold" rating to a "buy" rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $107.64.

Insider Activity

In other RB Global news, CEO James Francis Kessler sold 15,700 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $97.81, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO James J. Jeter sold 7,597 shares of RB Global stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $97.85, for a total value of $743,366.45. Following the completion of the transaction, the executive now owns 20,267 shares of the company's stock, valued at approximately $1,983,125.95. This represents a 27.26 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.32% of the company's stock.

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.