RB Global, Inc. (NYSE:RBA) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 93.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,907 shares of the business services provider's stock after selling 76,169 shares during the quarter. SG Americas Securities LLC's holdings in RB Global were worth $395,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RBA. Goldman Sachs Group Inc. lifted its position in shares of RB Global by 21.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 452,402 shares of the business services provider's stock valued at $30,261,000 after buying an additional 79,701 shares in the last quarter. Wellington Management Group LLP grew its position in shares of RB Global by 26.8% in the fourth quarter. Wellington Management Group LLP now owns 1,183,761 shares of the business services provider's stock valued at $79,603,000 after purchasing an additional 250,109 shares during the period. Vanguard Group Inc. increased its stake in shares of RB Global by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 22,839,262 shares of the business services provider's stock worth $1,527,718,000 after purchasing an additional 191,974 shares in the last quarter. Mather Group LLC. acquired a new position in shares of RB Global during the 1st quarter worth about $104,000. Finally, MJP Associates Inc. ADV lifted its stake in RB Global by 18.0% in the 1st quarter. MJP Associates Inc. ADV now owns 3,758 shares of the business services provider's stock valued at $286,000 after buying an additional 572 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company's stock.

RB Global Stock Performance

Shares of RBA stock traded up $0.57 during trading hours on Friday, hitting $81.11. The stock had a trading volume of 1,318,032 shares, compared to its average volume of 1,036,655. The stock's 50 day moving average is $82.67 and its 200 day moving average is $78.33. The firm has a market capitalization of $14.96 billion, a PE ratio of 45.57, a PEG ratio of 5.28 and a beta of 0.93. RB Global, Inc. has a twelve month low of $58.85 and a twelve month high of $87.45. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.29 and a quick ratio of 1.20.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last posted its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. RB Global had a return on equity of 7.27% and a net margin of 8.67%. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.13 billion. During the same period last year, the firm earned $0.42 EPS. The company's quarterly revenue was down .9% compared to the same quarter last year. As a group, research analysts forecast that RB Global, Inc. will post 1.92 earnings per share for the current fiscal year.

RB Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Wednesday, August 28th. This is an increase from RB Global's previous quarterly dividend of $0.27. RB Global's payout ratio is 65.17%.

Analyst Upgrades and Downgrades

RBA has been the topic of several research reports. Bank of America upped their target price on RB Global from $79.00 to $92.50 and gave the company a "neutral" rating in a report on Monday, August 26th. BMO Capital Markets began coverage on shares of RB Global in a research report on Thursday, September 5th. They issued an "outperform" rating and a $105.00 target price on the stock. Royal Bank of Canada boosted their target price on RB Global from $93.00 to $99.00 and gave the company an "outperform" rating in a research report on Wednesday, August 7th. Raymond James raised their price target on RB Global from $95.00 to $98.00 and gave the stock an "outperform" rating in a research report on Thursday, August 8th. Finally, Robert W. Baird boosted their price objective on RB Global from $80.00 to $86.00 and gave the company an "outperform" rating in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $92.19.

Insider Activity

In other RB Global news, CRO James J. Jeter sold 2,920 shares of the firm's stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $78.96, for a total transaction of $230,563.20. Following the completion of the transaction, the executive now owns 23,267 shares of the company's stock, valued at approximately $1,837,162.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other RB Global news, insider Darren Jeffrey Watt sold 2,915 shares of RB Global stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $82.80, for a total value of $241,362.00. Following the completion of the sale, the insider now directly owns 19,271 shares of the company's stock, valued at approximately $1,595,638.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO James J. Jeter sold 2,920 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $78.96, for a total value of $230,563.20. Following the transaction, the executive now directly owns 23,267 shares in the company, valued at approximately $1,837,162.32. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,601 shares of company stock worth $3,720,043 over the last ninety days. 4.10% of the stock is currently owned by 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.