Cubist Systematic Strategies LLC Purchases Shares of 6,310 RB Global, Inc. (NYSE:RBA)

Cubist Systematic Strategies LLC bought a new position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 6,310 shares of the business services provider's stock, valued at approximately $569,000.

Other large investors have also added to or reduced their stakes in the company. 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. Whipplewood Advisors LLC purchased a new stake in shares of RB Global during the fourth quarter worth approximately $37,000. Geneos Wealth Management Inc. acquired a new position in RB Global in the 4th quarter valued at $40,000. SRS Capital Advisors Inc. raised its position in shares of RB Global by 163.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 645 shares of the business services provider's stock valued at $58,000 after buying an additional 400 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new position in RB Global during the fourth quarter worth about $59,000. Hedge funds and other institutional investors own 95.37% of the company's stock.

Analyst Ratings Changes

RBA has been the subject of a number of recent research reports. Royal Bank of Canada raised their target price on RB Global from $107.00 to $116.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. StockNews.com raised shares of RB Global from a "hold" rating to a "buy" rating in a research note on Tuesday. Raymond James upped their price objective on RB Global from $118.00 to $125.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Robert W. Baird increased their target price on shares of RB Global from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Finally, National Bankshares cut their target price on RB Global from $118.00 to $115.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, RB Global presently has a consensus rating of "Moderate Buy" and an average price target of $114.50.

Insider Transactions at RB Global

In related news, CRO James J. Jeter sold 2,000 shares of the company's stock in a transaction dated 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 sale, the executive now owns 14,167 shares of the company's stock, valued at $1,515,302.32. This represents a 12.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 sale, the chief executive officer now owns 107,569 shares of the company's stock, valued at $10,521,323.89. This trade represents a 12.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,472 shares of company stock worth $3,867,745. Insiders own 4.32% of the company's stock.

RB Global Stock Down 1.0%

NYSE:RBA traded down $1.09 during mid-day trading on Wednesday, hitting $107.96. The company had a trading volume of 101,190 shares, compared to its average volume of 1,110,605. The business has a fifty day simple moving average of $99.46 and a 200-day simple moving average of $95.89. The firm has a market capitalization of $19.99 billion, a price-to-earnings ratio of 53.82, a PEG ratio of 4.95 and a beta of 0.78. RB Global, Inc. has a 1 year low of $70.27 and a 1 year high of $109.16. 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 (NYSE:RBA - Get Free Report) TSE: RBA last issued its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.89. RB Global had a net margin of 9.64% and a return on equity of 8.00%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm earned $0.90 earnings per share. The business's revenue was up 4.1% compared to the same quarter last year. Equities analysts forecast that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.16 annualized dividend and a dividend yield of 1.07%. RB Global's dividend payout ratio is currently 57.14%.

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.