6 days Ago By ABMN Staff
Russell Investments Group Ltd. lowered its position in RB Global, Inc. ( NYSE:RBA – Free Report ) (TSE:RBA) by 11.
2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,042 shares of the business services provider’s stock after selling 6,567 shares during the quarter. Russell Investments Group Ltd.
’s holdings in RB Global were worth $4,695,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors have also made changes to their positions in the company. Central Pacific Bank Trust Division acquired a new position in RB Global during the fourth quarter worth about $27,000.
Versant Capital Management Inc raised its position in shares of RB Global by 136.4% during the 4th quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock worth $28,000 after purchasing an additional 176 shares during the last quarter.
Jones Financial Companies Lllp lifted its stake in RB Global by 49.4% in the 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider’s stock valued at $35,000 after buying an additional 129 shares in the last quarter.
Proficio Capital Partners LLC acquired a new stake in RB Global during the 4th quarter valued at $36,000. Finally, Whipplewood Advisors LLC purchased a new position in RB Global during the fourth quarter worth $37,000. Institutional investors and hedge funds own 95.
37% of the company’s stock. Analyst Ratings Changes A number of analysts recently commented on the company. BMO Capital Markets increased their price objective on RB Global from $116.
00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. CIBC lowered their price target on shares of RB Global from $109.
00 to $108.00 and set an “outperformer” rating for the company in a report on Monday, February 3rd. Royal Bank of Canada upped their price objective on shares of RB Global from $107.
00 to $116.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Robert W.
Baird lifted their target price on shares of RB Global from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th.
Finally, National Bankshares reduced their price target on RB Global from $118.00 to $115.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th.
Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, RB Global presently has an average rating of “Moderate Buy” and an average price target of $108.
56. RB Global Stock Up 0.7 % Shares of RBA opened at $97.
84 on Tuesday. The firm has a market cap of $18.08 billion, a PE ratio of 48.
68, a price-to-earnings-growth ratio of 4.95 and a beta of 0.90.
The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.
50. The company’s fifty day moving average is $97.87 and its two-hundred day moving average is $92.
51. RB Global, Inc. has a fifty-two week low of $69.
83 and a fifty-two week high of $106.90. RB Global ( NYSE:RBA – Get Free Report ) (TSE:RBA) last posted its quarterly 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 for the quarter, compared to analysts’ expectations of $1.
06 billion. RB Global had a net margin of 9.64% and a return on equity of 8.
00%. During the same period last year, the firm posted $0.82 EPS.
Analysts forecast that RB Global, Inc. will post 2.5 earnings per share for the current year.
RB Global Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $0.29 dividend.
The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 1.
19%. RB Global’s payout ratio is 57.71%.
Insider Buying and Selling at RB Global In related 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 transaction of $59,178.00. Following the transaction, the executive now directly owns 19,667 shares of the company’s stock, valued at approximately $1,939,756.
21. The trade was a 2.96 % decrease in their position.
The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website . Also, CEO James Francis Kessler sold 15,700 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 107,569 shares of the company’s stock, valued at approximately $10,521,323.
89. This represents a 12.74 % decrease in their position.
The disclosure for this sale can be found here . Insiders have sold a total of 23,897 shares of company stock valued at $2,338,161 over the last ninety days. Corporate 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. See Also Want to see what other hedge funds are holding RBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RB Global, Inc.
( NYSE:RBA – Free Report ) (TSE:RBA). Receive News & Ratings for RB Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RB Global and related companies with MarketBeat.com's FREE daily email newsletter .
.
