RB Global, Inc. (NYSE:RBA) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors reduced its stake in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 52.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,264 shares of the business services provider's stock after selling 10,207 shares during the period. Captrust Financial Advisors' holdings in RB Global were worth $836,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of RB Global by 0.3% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,729 shares of the business services provider's stock valued at $3,674,000 after acquiring an additional 113 shares in the last quarter. Jones Financial Companies Lllp increased its position in RB Global by 49.4% during 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. Summit Trail Advisors LLC boosted its holdings in RB Global by 4.6% in the fourth quarter. Summit Trail Advisors LLC now owns 3,089 shares of the business services provider's stock worth $279,000 after acquiring an additional 137 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in RB Global by 25.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 706 shares of the business services provider's stock worth $64,000 after acquiring an additional 143 shares in the last quarter. Finally, Claret Asset Management Corp grew its stake in shares of RB Global by 1.6% during the fourth quarter. Claret Asset Management Corp now owns 10,233 shares of the business services provider's stock worth $923,000 after acquiring an additional 163 shares during the last quarter. 95.37% of the stock is owned by institutional investors.

RB Global Stock Performance

NYSE:RBA traded down $0.37 during mid-day trading on Thursday, hitting $107.58. The company's stock had a trading volume of 74,517 shares, compared to its average volume of 1,112,316. The business's fifty day moving average is $99.70 and its two-hundred day moving average is $95.97. The stock has a market cap of $19.92 billion, a price-to-earnings ratio of 53.57, a PEG ratio of 4.95 and a beta of 0.78. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17. RB Global, Inc. has a 1 year low of $70.27 and a 1 year high of $109.25.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last issued its earnings results on Wednesday, May 7th. The business services provider reported $0.89 EPS for the quarter, hitting analysts' consensus estimates of $0.89. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. RB Global had a return on equity of 8.00% and a net margin of 9.64%. The company's revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 earnings per share. Analysts anticipate that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

RB Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.08%. RB Global's payout ratio is 57.14%.

Insider Activity

In other RB Global news, CRO James J. Jeter sold 2,000 shares of RB Global stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $106.96, for a total value of $213,920.00. Following the completion of the transaction, the executive now owns 14,167 shares of the company's stock, valued at approximately $1,515,302.32. The trade was a 12.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrew John Fesler sold 9,075 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $104.72, for a total transaction of $950,334.00. Following the sale, the insider now directly owns 5,532 shares in the company, valued at approximately $579,311.04. The trade was a 62.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,472 shares of company stock valued at $3,867,745 in the last three months. 4.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on RBA. National Bankshares cut 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. BMO Capital Markets upped their target price on RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a research 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 stock an "outperform" rating in a research report on Wednesday, February 19th. CIBC boosted their price target on RB Global from $116.00 to $118.00 and gave the company an "outperformer" rating in a research note on Friday, May 9th. Finally, Raymond James raised their price objective on RB Global from $118.00 to $125.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, RB Global presently has an average rating of "Moderate Buy" and an average price target of $114.50.

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.