RB Global, Inc. (NYSE:RBA) Shares Acquired by Sterling Capital Management LLC

Sterling Capital Management LLC boosted its position in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 55.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,853 shares of the business services provider's stock after purchasing an additional 3,873 shares during the period. Sterling Capital Management LLC's holdings in RB Global were worth $979,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in RBA. Central Pacific Bank Trust Division bought a new position in RB Global in the 4th quarter worth about $27,000. Versant Capital Management Inc raised its position in RB Global by 136.4% during the 4th quarter. Versant Capital Management Inc now owns 305 shares of the business services provider's stock valued at $28,000 after purchasing an additional 176 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of RB Global by 49.4% during the 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock worth $35,000 after buying an additional 129 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of RB Global during the fourth quarter valued at $36,000. Finally, Whipplewood Advisors LLC purchased a new stake in RB Global in the fourth quarter worth about $37,000. Institutional investors own 95.37% of the company's stock.

Insider Activity

In other news, 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO James J. Jeter sold 600 shares of the company's stock in a transaction dated 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 transaction, the executive now directly owns 19,667 shares of the company's stock, valued at approximately $1,939,756.21. The trade was a 2.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,897 shares of company stock valued at $2,338,161 over the last quarter. Company insiders own 4.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Robert W. Baird increased their price objective on RB Global from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Raymond James lifted their price target 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. National Bankshares lowered their price target 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. BMO Capital Markets lifted their price target on shares of RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Finally, CIBC decreased their target price on shares of RB Global from $109.00 to $108.00 and set an "outperformer" rating on the stock in a research report on Monday, February 3rd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $108.56.

RB Global Stock Performance

Shares of RBA stock traded up $0.90 during trading hours on Friday, hitting $97.48. The stock had a trading volume of 835,270 shares, compared to its average volume of 1,075,953. The stock's 50 day moving average is $98.15 and its 200 day moving average is $92.69. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17. The firm has a market capitalization of $18.02 billion, a PE ratio of 48.50, a PEG ratio of 4.95 and a beta of 0.90. RB Global, Inc. has a twelve month low of $69.83 and a twelve month high of $106.90.

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

RB Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Friday, February 14th. RB Global's dividend payout ratio is presently 57.71%.

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.