Vanguard Group Inc. Boosts Holdings in RB Global, Inc. (NYSE:RBA)

Vanguard Group Inc. boosted its position in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,916,629 shares of the business services provider's stock after purchasing an additional 358,752 shares during the quarter. Vanguard Group Inc. owned about 13.49% of RB Global worth $2,248,060,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of RBA. Natixis Advisors LLC grew its position in shares of RB Global by 69.5% during the 4th quarter. Natixis Advisors LLC now owns 18,877 shares of the business services provider's stock worth $1,703,000 after buying an additional 7,737 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in RB Global in the fourth quarter worth about $27,000. Diversified Trust Co grew its holdings in RB Global by 48.9% during the 4th quarter. Diversified Trust Co now owns 63,119 shares of the business services provider's stock worth $5,694,000 after acquiring an additional 20,724 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in RB Global by 53.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 59,695 shares of the business services provider's stock valued at $4,805,000 after purchasing an additional 20,795 shares during the period. Finally, SRS Capital Advisors Inc. raised its holdings in shares of RB Global by 163.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 645 shares of the business services provider's stock valued at $58,000 after purchasing an additional 400 shares in the last quarter. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling at RB Global

In related news, CRO James J. Jeter sold 600 shares of the company's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $98.63, for a total value of $59,178.00. Following the completion of the transaction, the executive now owns 19,667 shares of the company's stock, valued at approximately $1,939,756.21. This represents a 2.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $1,535,617.00. Following the completion of the sale, the chief executive officer now directly owns 107,569 shares in the company, 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. Over the last ninety days, insiders sold 23,897 shares of company stock valued at $2,338,161. 4.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on RBA. 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 report on Wednesday, February 19th. Royal Bank of Canada lifted their price target on RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. StockNews.com cut RB Global from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Raymond James lifted their target price on RB Global from $110.00 to $118.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Finally, CIBC decreased their price target on shares of RB Global from $109.00 to $108.00 and set an "outperformer" rating for the company in a research report on Monday, February 3rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, RB Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $107.64.

RB Global Stock Performance

Shares of NYSE RBA traded up $2.64 during midday trading on Monday, reaching $100.53. The company had a trading volume of 1,610,070 shares, compared to its average volume of 1,045,831. The stock has a market cap of $18.57 billion, a P/E ratio of 50.01, a P/E/G ratio of 4.95 and a beta of 0.94. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. RB Global, Inc. has a 1 year low of $69.83 and a 1 year high of $106.90. The business's 50-day simple moving average is $96.61 and its 200 day simple moving average is $91.59.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last issued its earnings results on Tuesday, February 18th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.81 by ($0.23). The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations 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 last 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 dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Friday, February 14th. RB Global's dividend 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.