RB Global, Inc. (NYSE:RBA) Shares Acquired by Forsta AP Fonden

Forsta AP Fonden grew its stake in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 16.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,300 shares of the business services provider's stock after acquiring an additional 6,000 shares during the quarter. Forsta AP Fonden's holdings in RB Global were worth $3,489,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Hollencrest Capital Management purchased a new stake in shares of RB Global in the first quarter valued at $33,000. Massmutual Trust Co. FSB ADV grew its holdings in RB Global by 58.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 446 shares of the business services provider's stock valued at $34,000 after buying an additional 165 shares during the period. UMB Bank n.a. increased 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 acquiring an additional 388 shares during the last quarter. Quarry LP purchased a new position in shares of RB Global during the 2nd quarter worth about $53,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of RB Global by 33.5% in the second quarter. Nisa Investment Advisors LLC now owns 836 shares of the business services provider's stock worth $64,000 after acquiring an additional 210 shares during the last quarter. Institutional investors and hedge funds own 95.37% of the company's stock.

Insiders Place Their Bets

In other news, CEO James Francis Kessler sold 17,883 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $83.09, for a total transaction of $1,485,898.47. Following the completion of the transaction, the chief executive officer now directly owns 86,247 shares in the company, valued at approximately $7,166,263.23. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO James Francis Kessler sold 17,883 shares of the company's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $83.09, for a total value of $1,485,898.47. Following the sale, the chief executive officer now owns 86,247 shares in the company, valued at approximately $7,166,263.23. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO James J. Jeter sold 2,920 shares of RB Global stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $78.96, for a total value of $230,563.20. Following the completion of the transaction, the executive now owns 23,267 shares of the company's stock, valued at $1,837,162.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,601 shares of company stock worth $3,720,043 in the last three months. 4.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RBA. Robert W. Baird upped their price target on shares of RB Global from $80.00 to $86.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 7th. BMO Capital Markets began coverage on 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 price target 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 objective on RB Global from $95.00 to $98.00 and gave the stock an "outperform" rating in a report on Thursday, August 8th. Finally, Bank of America boosted their target price on RB Global from $79.00 to $92.50 and gave the stock a "neutral" rating in a report on Monday, August 26th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $92.19.

RB Global Stock Down 0.5 %

NYSE:RBA traded down $0.40 during trading hours on Wednesday, hitting $86.24. The stock had a trading volume of 461,769 shares, compared to its average volume of 1,024,703. The business has a 50 day simple moving average of $83.38 and a two-hundred day simple moving average of $78.96. RB Global, Inc. has a 1-year low of $58.85 and a 1-year high of $87.45. The company has a current ratio of 1.29, a quick ratio of 1.20 and a debt-to-equity ratio of 0.55. The company has a market cap of $15.90 billion, a PE ratio of 48.45, a price-to-earnings-growth ratio of 5.54 and a beta of 0.93.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last issued its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.94 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.06. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.13 billion. RB Global had a net margin of 8.67% and a return on equity of 7.27%. The firm's revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 EPS. Analysts predict that RB Global, Inc. will post 1.92 EPS for the current year.

RB Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Wednesday, August 28th. This is a positive change from RB Global's previous quarterly dividend of $0.27. RB Global's dividend payout ratio (DPR) is 65.17%.

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.