Skandinaviska Enskilda Banken AB publ Has $1.93 Million Position in RB Global, Inc. (NYSE:RBA)

Skandinaviska Enskilda Banken AB publ trimmed its position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 13.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,301 shares of the business services provider's stock after selling 3,200 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in RB Global were worth $1,925,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RBA. Central Pacific Bank Trust Division bought a new position in RB Global during the fourth quarter worth about $27,000. Versant Capital Management Inc boosted its holdings 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 buying an additional 176 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings 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 buying an additional 129 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of RB Global during the 4th quarter valued at about $36,000. Finally, Whipplewood Advisors LLC bought a new position in shares of RB Global during the 4th quarter valued at about $37,000. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RBA shares. CIBC cut their price objective on RB Global from $109.00 to $108.00 and set an "outperformer" rating on the stock in a report on Monday, February 3rd. BMO Capital Markets boosted 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. Robert W. Baird boosted their price target on RB Global from $105.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. StockNews.com raised RB Global from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, Raymond James boosted their price target on RB Global from $110.00 to $118.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $107.64.

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RB Global Stock Performance

Shares of RBA stock traded down $0.45 during trading on Thursday, reaching $98.78. 709,797 shares of the company's stock were exchanged, compared to its average volume of 1,008,999. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $18.25 billion, a PE ratio of 49.15, a PEG ratio of 4.95 and a beta of 0.94. RB Global, Inc. has a twelve month low of $69.83 and a twelve month high of $106.90. The firm's fifty day moving average price is $94.97 and its 200-day moving average price is $90.67.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.23). The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate 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 last year, the firm earned $0.82 earnings per share. As a group, sell-side analysts anticipate that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Dividend Announcement

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

Insider Activity at RB Global

In other news, CRO James J. Jeter sold 7,597 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $97.85, for a total transaction of $743,366.45. Following the completion of the sale, the executive now directly owns 20,267 shares in the company, valued at approximately $1,983,125.95. This represents a 27.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO James Francis Kessler sold 15,700 shares of the company's stock in a transaction on 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 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 disclosure for this sale can be found here. 4.32% of the stock is currently owned by corporate insiders.

About RB Global

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.