UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 29,521 Shares of RB Global, Inc. (NYSE:RBA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 8.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 322,995 shares of the business services provider's stock after selling 29,521 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.18% of RB Global worth $25,998,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of RBA. Cooke & Bieler LP lifted its stake in RB Global by 3.4% during the 2nd quarter. Cooke & Bieler LP now owns 3,311,490 shares of the business services provider's stock valued at $252,865,000 after acquiring an additional 109,056 shares during the period. Fiera Capital Corp raised its stake in RB Global by 5.7% during the 2nd quarter. Fiera Capital Corp now owns 3,143,924 shares of the business services provider's stock valued at $239,881,000 after buying an additional 168,945 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of RB Global by 17.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,435,191 shares of the business services provider's stock valued at $196,109,000 after buying an additional 354,803 shares during the period. Canoe Financial LP boosted its stake in shares of RB Global by 22.0% in the 3rd quarter. Canoe Financial LP now owns 1,418,666 shares of the business services provider's stock worth $113,900,000 after buying an additional 255,484 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in RB Global by 142.9% during the second quarter. Bank of New York Mellon Corp now owns 1,337,790 shares of the business services provider's stock valued at $102,154,000 after acquiring an additional 787,042 shares during the last quarter. Institutional investors own 95.37% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Royal Bank of Canada boosted their price target on RB Global from $99.00 to $107.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. Raymond James lifted their price target on shares of RB Global from $95.00 to $98.00 and gave the stock an "outperform" rating in a research note on Thursday, August 8th. Robert W. Baird raised their target price on RB Global from $86.00 to $100.00 and gave the stock an "outperform" rating in a report on Monday, November 11th. BMO Capital Markets upped their price target on RB Global from $105.00 to $107.00 and gave the stock an "outperform" rating in a research report on Monday, November 11th. Finally, Bank of America lifted their price objective on RB Global from $79.00 to $92.50 and gave the company a "neutral" rating in a research report on Monday, August 26th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $98.36.

RB Global Price Performance

NYSE RBA traded up $0.05 during trading hours on Thursday, reaching $98.24. The company's stock had a trading volume of 106,537 shares, compared to its average volume of 1,010,173. RB Global, Inc. has a 1 year low of $60.84 and a 1 year high of $99.79. The company has a quick ratio of 1.17, a current ratio of 1.28 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $18.12 billion, a price-to-earnings ratio of 53.38, a PEG ratio of 4.68 and a beta of 0.95. The firm's 50-day moving average price is $87.72 and its 200-day moving average price is $82.50.

RB Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.29 per share. The ex-dividend date is Wednesday, November 27th. This represents a $1.16 annualized dividend and a yield of 1.18%. RB Global's payout ratio is 63.04%.

Insider Buying and Selling at RB Global

In other news, CEO James Francis Kessler sold 17,883 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $84.19, for a total transaction of $1,505,569.77. Following the sale, the chief executive officer now directly owns 86,247 shares of the company's stock, valued at $7,261,134.93. This represents a 17.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.32% of the stock is currently owned by 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.