1 week Ago By ABMN Staff
Orion Portfolio Solutions LLC reduced its stake in RB Global, Inc. ( NYSE:RBA – Free Report ) (TSE:RBA) by 2.4% in the 4th quarter, according to the company in its most recent filing with the SEC.
The fund owned 5,924 shares of the business services provider’s stock after selling 148 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in RB Global were worth $534,000 at the end of the most recent reporting period. Other large investors have also recently added to or reduced their stakes in the company.
Vanguard Group Inc. lifted its stake in shares of RB Global by 1.5% in the fourth quarter.
Vanguard Group Inc. now owns 24,916,629 shares of the business services provider’s stock worth $2,248,060,000 after buying an additional 358,752 shares during the last quarter. Vontobel Holding Ltd.
lifted its position in 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 acquiring an additional 753,700 shares during the last quarter. State Street Corp boosted its holdings in RB Global by 2.1% during the third quarter.
State Street Corp now owns 5,045,188 shares of the business services provider’s stock valued at $406,087,000 after acquiring an additional 103,080 shares during the period. Geode Capital Management LLC grew its position in shares of RB Global by 3.0% in the third quarter.
Geode Capital Management LLC now owns 3,702,381 shares of the business services provider’s stock valued at $297,400,000 after purchasing an additional 108,188 shares during the last quarter. Finally, Boston Partners increased its stake in shares of RB Global by 6.9% in the fourth quarter.
Boston Partners now owns 3,308,977 shares of the business services provider’s stock worth $298,500,000 after purchasing an additional 214,181 shares during the period. Institutional investors own 95.37% of the company’s stock.
RB Global Trading Down 1.4 % Shares of RBA stock opened at $90.53 on Tuesday.
The firm has a fifty day moving average of $97.20 and a 200-day moving average of $92.00.
The stock has a market cap of $16.73 billion, a price-to-earnings ratio of 45.04, a P/E/G ratio of 4.
95 and a beta of 0.90. RB Global, Inc.
has a 52-week low of $69.83 and a 52-week high of $106.90.
The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.
29. 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 paid a $0.
29 dividend. This represents a $1.16 annualized dividend and a yield of 1.
28%. The ex-dividend date of this dividend was Friday, February 14th. RB Global’s dividend payout ratio is 57.
71%. Analyst Upgrades and Downgrades RBA has been the topic of a number of research analyst reports. Royal Bank of Canada raised their target price on RB Global from $107.
00 to $116.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Robert W.
Baird boosted their target price on shares of 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 downgraded shares of RB Global from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. BMO Capital Markets boosted their price objective on shares of RB Global from $116.
00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Finally, CIBC reduced their target price on shares of RB Global from $109.
00 to $108.00 and set an “outperformer” rating for the company in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock.
According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $107.64. Check Out Our Latest Stock Analysis on RBA Insider Buying and Selling at RB Global In other news, CRO James J.
Jeter sold 600 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $98.63, for a total value of $59,178.
00. Following the transaction, the executive now directly owns 19,667 shares of the company’s stock, valued at $1,939,756.21.
The trade was a 2.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website .
Also, CEO James Francis Kessler sold 15,700 shares of the firm’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 directly owns 107,569 shares of the company’s stock, valued at $10,521,323.89.
This represents a 12.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders have sold 23,897 shares of company stock worth $2,338,161 over the last three months. Company insiders own 4.32% of the company’s stock.
About RB Global ( Free Report ) 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.
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