RB Global, Inc. (NYSE:RBA) Shares Acquired by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina boosted its holdings in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 18.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,755 shares of the business services provider's stock after buying an additional 14,740 shares during the quarter. Treasurer of the State of North Carolina owned 0.05% of RB Global worth $8,548,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in RB Global by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 24,916,629 shares of the business services provider's stock worth $2,248,060,000 after acquiring an additional 358,752 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of RB Global by 9.8% during the 4th quarter. Vontobel Holding Ltd. now owns 8,451,146 shares of the business services provider's stock worth $762,378,000 after purchasing an additional 753,700 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of RB Global by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 3,967,159 shares of the business services provider's stock worth $357,434,000 after purchasing an additional 264,778 shares in the last quarter. Boston Partners increased its holdings in RB Global by 6.9% in the fourth 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 during the last quarter. Finally, Fiera Capital Corp raised its stake in RB Global by 4.1% in the fourth quarter. Fiera Capital Corp now owns 3,216,507 shares of the business services provider's stock valued at $290,000,000 after buying an additional 125,275 shares in the last quarter. Hedge funds and other institutional investors own 95.37% of the company's stock.

RB Global Trading Up 0.9 %

Shares of NYSE:RBA traded up $0.90 during midday trading on Friday, reaching $97.48. The company's stock had a trading volume of 835,270 shares, compared to its average volume of 1,073,765. The firm has a market cap of $18.02 billion, a price-to-earnings ratio of 48.50, a price-to-earnings-growth ratio of 4.95 and a beta of 0.90. The business has a 50 day moving average price of $98.15 and a 200 day moving average price of $92.69. RB Global, Inc. has a 1 year low of $69.83 and a 1 year high of $106.90. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.50.

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 EPS for the quarter, missing analysts' consensus estimates of $0.81 by ($0.23). RB Global had a net margin of 9.64% and a return on equity of 8.00%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the company earned $0.82 EPS. Research analysts forecast 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. Shareholders of record on Friday, February 14th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.19%. 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 at RB Global

In other news, CRO James J. Jeter sold 7,597 shares of the business's stock in a transaction dated 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 owns 20,267 shares in the company, valued at approximately $1,983,125.95. The trade was a 27.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James Francis Kessler sold 15,700 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $97.81, for a total transaction of $1,535,617.00. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,897 shares of company stock valued at $2,338,161. Company insiders own 4.32% of the company's stock.

Analyst Upgrades and Downgrades

RBA has been the topic of several recent analyst reports. National Bankshares dropped their price target on shares of RB Global from $118.00 to $115.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Robert W. Baird lifted their price objective on shares of RB Global from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. StockNews.com cut RB Global from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Royal Bank of Canada increased their price target 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. Finally, BMO Capital Markets lifted their price target on shares of RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $108.56.

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.