RB Global, Inc. (NYSE:RBA) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. reduced its position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 250,346 shares of the business services provider's stock after selling 3,389 shares during the quarter. Alliancebernstein L.P. owned about 0.14% of RB Global worth $22,584,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division purchased a new position in shares of RB Global in the fourth quarter worth about $27,000. Versant Capital Management Inc raised its stake in RB Global by 136.4% during the fourth quarter. Versant Capital Management Inc now owns 305 shares of the business services provider's stock worth $28,000 after purchasing an additional 176 shares during the period. Jones Financial Companies Lllp boosted its holdings in RB Global by 49.4% in the 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock valued at $35,000 after purchasing an additional 129 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of RB Global in the 4th quarter valued at approximately $37,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of RB Global during the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 95.37% of the company's stock.

Insiders Place Their Bets

In related news, CEO James Francis Kessler sold 15,700 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $97.81, for a total value of $1,535,617.00. Following the completion of the transaction, the chief executive officer now directly owns 107,569 shares of the company's stock, valued at $10,521,323.89. This represents a 12.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO James J. Jeter sold 600 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $98.63, for a total transaction of $59,178.00. Following the sale, the executive now directly owns 19,667 shares in the company, valued at approximately $1,939,756.21. The trade was a 2.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,897 shares of company stock worth $2,338,161 in the last 90 days. Corporate insiders own 4.32% of the company's stock.

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RB Global Stock Up 2.4 %

Shares of NYSE:RBA traded up $2.25 during trading on Friday, hitting $97.04. The company's stock had a trading volume of 1,111,977 shares, compared to its average volume of 1,071,340. The company has a market capitalization of $17.93 billion, a PE ratio of 48.28, a P/E/G ratio of 4.95 and a beta of 0.90. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.29. RB Global, Inc. has a fifty-two week low of $69.83 and a fifty-two week high of $106.90. The business has a 50 day moving average price of $97.69 and a two-hundred day moving average price of $92.30.

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 the consensus estimate of $0.81 by ($0.23). The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.06 billion. RB Global had a return on equity of 8.00% and a net margin of 9.64%. During the same period in the previous year, the firm earned $0.82 earnings per share. As a group, research analysts expect 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. 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 1.20%. RB Global's dividend payout ratio (DPR) is 57.71%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Robert W. Baird upped 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. StockNews.com downgraded RB Global from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Royal Bank of Canada boosted their price objective on shares of RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. National Bankshares lowered their target price on shares of RB Global from $118.00 to $115.00 and set an "outperform" rating for the company in a research note on Wednesday. Finally, BMO Capital Markets boosted their price target on shares of RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, RB Global presently has an average rating of "Moderate Buy" and an average price target of $108.56.

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.