Swiss National Bank Has $48.26 Million Stock Holdings in RB Global, Inc. (NYSE:RBA)

Swiss National Bank reduced its position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 3.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 534,943 shares of the business services provider's stock after selling 20,600 shares during the period. Swiss National Bank owned 0.29% of RB Global worth $48,259,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in RBA. Natixis Advisors LLC bought a new position in shares of RB Global in the 3rd quarter worth $897,000. Accredited Investors Inc. bought a new position in shares of RB Global in the 3rd quarter worth $226,000. Mawer Investment Management Ltd. boosted its position in shares of RB Global by 3.6% in the 3rd quarter. Mawer Investment Management Ltd. now owns 104,167 shares of the business services provider's stock worth $8,384,000 after purchasing an additional 3,586 shares during the last quarter. Commerce Bank boosted its position in shares of RB Global by 10.6% in the 3rd quarter. Commerce Bank now owns 14,906 shares of the business services provider's stock worth $1,200,000 after purchasing an additional 1,426 shares during the last quarter. Finally, PCJ Investment Counsel Ltd. boosted its position in shares of RB Global by 32.0% in the 3rd quarter. PCJ Investment Counsel Ltd. now owns 207,660 shares of the business services provider's stock worth $16,714,000 after purchasing an additional 50,320 shares during the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other RB Global news, CEO James Francis Kessler sold 15,700 shares of RB Global 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 transaction, the chief executive officer now owns 107,569 shares in the company, valued at $10,521,323.89. The trade was a 12.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO James J. Jeter sold 7,597 shares of RB Global stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $97.85, for a total value of $743,366.45. Following the completion of the transaction, the executive now owns 20,267 shares in the company, valued at approximately $1,983,125.95. This 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.

Wall Street Analyst Weigh In

Several research analysts have weighed in on RBA shares. CIBC reduced their target price on RB Global from $109.00 to $108.00 and set an "outperformer" rating on the stock in a report on Monday, February 3rd. Raymond James lifted their price target on RB Global from $110.00 to $118.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. BMO Capital Markets lifted their price target on RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. StockNews.com raised RB Global from a "hold" rating to a "buy" rating in a research note on Tuesday. Finally, Robert W. Baird lifted their price target on RB Global from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, RB Global has an average rating of "Moderate Buy" and a consensus target price of $107.64.

RB Global Stock Performance

RBA stock traded down $0.45 during trading hours on Thursday, hitting $98.78. 709,797 shares of the stock were exchanged, compared to its average volume of 1,008,999. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $18.25 billion, a P/E ratio of 49.15, a P/E/G ratio of 4.95 and a beta of 0.94. The company has a 50-day simple moving average of $94.97 and a two-hundred day simple moving average of $90.67. RB Global, Inc. has a 12 month low of $69.83 and a 12 month high of $106.90.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last posted its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.23). The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate 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 business earned $0.82 EPS. On average, analysts forecast that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Dividend Announcement

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