Royce & Associates LP Lowers Stock Holdings in RB Global, Inc. (NYSE:RBA)

Royce & Associates LP lessened its holdings in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 7.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 527,488 shares of the business services provider's stock after selling 44,526 shares during the period. Royce & Associates LP owned 0.29% of RB Global worth $47,585,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Central Pacific Bank Trust Division purchased a new stake in shares of RB Global in the 4th quarter valued at approximately $27,000. Versant Capital Management Inc grew its position in RB Global by 136.4% in the fourth quarter. Versant Capital Management Inc now owns 305 shares of the business services provider's stock worth $28,000 after acquiring an additional 176 shares during the period. Jones Financial Companies Lllp increased its stake in RB Global by 49.4% during the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock worth $35,000 after acquiring an additional 129 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of RB Global in the 4th quarter valued at $36,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of RB Global during the 4th quarter worth $37,000. Institutional investors and hedge funds own 95.37% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RBA. 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. Robert W. Baird increased their price objective 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. CIBC lowered their price target on RB Global from $109.00 to $108.00 and set an "outperformer" rating for the company in a research report on Monday, February 3rd. BMO Capital Markets increased their price target on shares of 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 raised shares of RB Global from a "hold" rating to a "buy" rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, RB Global has an average rating of "Moderate Buy" and an average target price of $107.64.

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RB Global Stock Down 0.5 %

Shares of NYSE:RBA traded down $0.45 during trading hours on Thursday, reaching $98.78. The stock had a trading volume of 716,193 shares, compared to its average volume of 1,008,999. RB Global, Inc. has a 1 year low of $69.83 and a 1 year high of $106.90. The firm's 50 day moving average is $94.97 and its 200-day moving average is $90.67. The stock has a market capitalization of $18.25 billion, a price-to-earnings ratio of 49.15, a P/E/G ratio of 4.95 and a beta of 0.94. 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 (NYSE:RBA - Get Free Report) TSE: RBA last posted 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). RB Global had a net margin of 9.64% and a return on equity of 8.00%. The business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.06 billion. During the same period last year, the company earned $0.82 EPS. Research analysts predict that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, February 14th. RB Global's dividend payout ratio (DPR) is presently 57.71%.

Insider Buying and Selling

In related news, CEO James Francis Kessler sold 15,700 shares of the company's stock in a transaction dated 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO James J. Jeter sold 7,597 shares of RB Global stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $97.85, for a total value of $743,366.45. Following the transaction, the executive now directly owns 20,267 shares in the company, valued at approximately $1,983,125.95. This trade represents a 27.26 % decrease in their position. The disclosure for this sale can be found here. 4.32% of the stock is owned by company insiders.

RB Global Company 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.