6,967 Shares in RB Global, Inc. (NYSE:RBA) Bought by Qsemble Capital Management LP

Qsemble Capital Management LP acquired a new stake in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 6,967 shares of the business services provider's stock, valued at approximately $561,000.

Other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of RB Global by 25.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 366,625 shares of the business services provider's stock worth $27,927,000 after acquiring an additional 74,809 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of RB Global in the 1st quarter valued at approximately $235,000. Cetera Investment Advisers raised its stake in RB Global by 1,177.0% during the 1st quarter. Cetera Investment Advisers now owns 43,572 shares of the business services provider's stock valued at $3,319,000 after purchasing an additional 40,160 shares during the period. Cetera Advisors LLC lifted its holdings in shares of RB Global by 24.5% in the first quarter. Cetera Advisors LLC now owns 7,488 shares of the business services provider's stock valued at $570,000 after purchasing an additional 1,472 shares in the last quarter. Finally, Boston Partners boosted its position in shares of RB Global by 4.1% in the first quarter. Boston Partners now owns 3,029,758 shares of the business services provider's stock worth $230,543,000 after buying an additional 120,469 shares during the period. 95.37% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other RB Global news, CEO James Francis Kessler sold 17,883 shares of the business's stock in a transaction on Monday, September 9th. The shares were 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 owns 86,247 shares of the company's stock, valued at $7,166,263.23. The trade was a 17.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.10% of the company's stock.

Analyst Upgrades and Downgrades

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

RB Global Stock Up 0.2 %

Shares of RBA traded up $0.18 during mid-day trading on Thursday, hitting $97.68. 612,088 shares of the company's stock were exchanged, compared to its average volume of 1,012,306. The stock has a market cap of $18.01 billion, a price-to-earnings ratio of 53.09, a P/E/G ratio of 4.73 and a beta of 0.92. The firm has a fifty day moving average of $86.36 and a two-hundred day moving average of $81.74. The company has a quick ratio of 1.17, a current ratio of 1.28 and a debt-to-equity ratio of 0.52. RB Global, Inc. has a twelve month low of $60.84 and a twelve month high of $99.79.

RB Global Dividend Announcement

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