OneDigital Investment Advisors LLC Cuts Holdings in RB Global, Inc. (NYSE:RBA)

OneDigital Investment Advisors LLC lowered its stake in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 35.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,322 shares of the business services provider's stock after selling 2,906 shares during the quarter. OneDigital Investment Advisors LLC's holdings in RB Global were worth $480,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Natixis Advisors LLC increased its holdings in shares of RB Global by 69.5% in the fourth quarter. Natixis Advisors LLC now owns 18,877 shares of the business services provider's stock worth $1,703,000 after buying an additional 7,737 shares during the period. Mawer Investment Management Ltd. boosted its stake in shares of RB Global by 15.7% during the fourth quarter. Mawer Investment Management Ltd. now owns 120,564 shares of the business services provider's stock valued at $10,876,000 after purchasing an additional 16,397 shares during the period. Vanguard Group Inc. grew its holdings in shares of RB Global by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 24,916,629 shares of the business services provider's stock worth $2,248,060,000 after purchasing an additional 358,752 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in RB Global during the 4th quarter valued at $27,000. Finally, Pictet Asset Management Holding SA grew its holdings in RB Global by 16.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 100,318 shares of the business services provider's stock worth $9,050,000 after acquiring an additional 13,836 shares during the last quarter. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other RB Global news, CRO James J. Jeter sold 600 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were 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 of the company's stock, valued at approximately $1,939,756.21. This represents a 2.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Francis Kessler sold 15,700 shares of the business's 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 sale, the chief executive officer now directly owns 107,569 shares of the company's stock, valued at approximately $10,521,323.89. The trade was a 12.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,897 shares of company stock valued at $2,338,161. 4.32% of the stock is owned by insiders.

RB Global Stock Performance

Shares of RBA opened at $97.48 on Friday. RB Global, Inc. has a 52 week low of $69.83 and a 52 week high of $106.90. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.50. The stock has a market cap of $18.02 billion, a P/E ratio of 48.50, a P/E/G ratio of 4.95 and a beta of 0.90. The business's 50 day moving average price is $98.15 and its 200-day moving average price is $92.69.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last released its earnings results on Tuesday, February 18th. The business services provider reported $0.58 EPS for the quarter, missing analysts' consensus estimates of $0.81 by ($0.23). RB Global had a return on equity of 8.00% and a net margin of 9.64%. The company had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.06 billion. During the same period in the prior year, the company posted $0.82 earnings per share. Equities research analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Dividend Announcement

The firm 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 yield of 1.19%. RB Global's payout ratio is 57.71%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. BMO Capital Markets raised their target price on RB Global from $116.00 to $120.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Robert W. Baird lifted their price objective on RB Global from $105.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. CIBC decreased 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. National Bankshares reduced their price objective on shares of RB Global from $118.00 to $115.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Finally, Raymond James boosted their price target on shares of RB Global from $110.00 to $118.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $108.56.

About RB Global

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.

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