Sei Investments Co. Boosts Holdings in RB Global, Inc. (NYSE:RBA)

Sei Investments Co. lifted its stake in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 21.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 550,771 shares of the business services provider's stock after acquiring an additional 98,462 shares during the period. Sei Investments Co. owned 0.30% of RB Global worth $49,685,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in RBA. American Century Companies Inc. lifted its position in shares of RB Global by 9.8% during the fourth quarter. American Century Companies Inc. now owns 48,079 shares of the business services provider's stock valued at $4,339,000 after buying an additional 4,303 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of RB Global by 0.3% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,729 shares of the business services provider's stock worth $3,674,000 after purchasing an additional 113 shares in the last quarter. Xponance Inc. grew its stake in RB Global by 6.5% during the 4th quarter. Xponance Inc. now owns 21,149 shares of the business services provider's stock worth $1,908,000 after buying an additional 1,300 shares during the last quarter. Boston Partners increased its position in RB Global by 6.9% during the 4th quarter. Boston Partners now owns 3,308,977 shares of the business services provider's stock valued at $298,500,000 after buying an additional 214,181 shares in the last quarter. Finally, Signaturefd LLC raised its stake in RB Global by 9.5% in the fourth quarter. Signaturefd LLC now owns 4,051 shares of the business services provider's stock valued at $365,000 after buying an additional 352 shares during the last quarter. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

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RB Global Stock Performance

NYSE:RBA traded up $0.10 during mid-day trading on Thursday, hitting $100.40. The company's stock had a trading volume of 1,012,554 shares, compared to its average volume of 1,021,388. The business's fifty day moving average is $96.00 and its two-hundred day moving average is $91.22. The stock has a market cap of $18.55 billion, a price-to-earnings ratio of 49.95, a PEG ratio of 4.95 and a beta of 0.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17. RB Global, Inc. has a 1 year low of $69.83 and a 1 year high of $106.90.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last issued 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). The company had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.06 billion. RB Global had a return on equity of 8.00% and a net margin of 9.64%. During the same quarter in the previous year, the company earned $0.82 EPS. Analysts anticipate that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

RB Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Friday, February 14th. RB Global's dividend payout ratio (DPR) is 57.71%.

Analyst Ratings Changes

RBA has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price target on RB Global from $107.00 to $116.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Robert W. Baird boosted their target price on shares of RB Global from $105.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Raymond James upped their target price on RB Global from $110.00 to $118.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. BMO Capital Markets lifted their price target on RB Global from $116.00 to $120.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Finally, StockNews.com lowered RB Global from a "buy" rating to a "hold" rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $107.64.

Insider Activity at RB Global

In other RB Global news, 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 value of $59,178.00. Following the completion of the transaction, the executive now owns 19,667 shares in the company, 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 legal filing with the SEC, which is accessible through this link. Also, CEO James Francis Kessler sold 15,700 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $97.81, for a total value of $1,535,617.00. Following the sale, the chief executive officer now owns 107,569 shares in the company, valued at $10,521,323.89. This trade represents a 12.74 % 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 worth $2,338,161 in the last three months. Company insiders own 4.32% of the company's stock.

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.