Dimensional Fund Advisors LP Has $52.52 Million Stake in RB Global, Inc. (NYSE:RBA)

Dimensional Fund Advisors LP grew its stake in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 14.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 582,178 shares of the business services provider's stock after purchasing an additional 71,354 shares during the period. Dimensional Fund Advisors LP owned about 0.32% of RB Global worth $52,519,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of RBA. First Trust Advisors LP lifted its stake in RB Global by 15.9% during the fourth quarter. First Trust Advisors LP now owns 30,783 shares of the business services provider's stock valued at $2,777,000 after buying an additional 4,224 shares in the last quarter. Formula Growth Ltd. purchased a new stake in shares of RB Global in the 4th quarter valued at approximately $2,909,000. First Commonwealth Financial Corp PA grew its position in RB Global by 3.7% during the 4th quarter. First Commonwealth Financial Corp PA now owns 8,996 shares of the business services provider's stock worth $812,000 after purchasing an additional 323 shares in the last quarter. Marshall Wace LLP acquired a new stake in RB Global during the 4th quarter valued at $640,000. Finally, Mariner LLC lifted its holdings in shares of RB Global by 32.4% in the fourth quarter. Mariner LLC now owns 48,124 shares of the business services provider's stock valued at $4,341,000 after purchasing an additional 11,767 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company's stock.

RB Global Stock Up 0.6 %

NYSE:RBA traded up $0.65 during trading hours on Wednesday, reaching $102.54. The company's stock had a trading volume of 930,868 shares, compared to its average volume of 1,096,380. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17. The company has a market cap of $18.98 billion, a price-to-earnings ratio of 50.91, a price-to-earnings-growth ratio of 4.95 and a beta of 0.78. RB Global, Inc. has a one year low of $70.27 and a one year high of $106.90. The business's 50-day moving average is $98.18 and its 200-day moving average is $94.47.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last issued its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.58 EPS for the quarter, missing analysts' consensus estimates of $0.81 by ($0.23). RB Global had a net margin of 9.64% and a return on equity of 8.00%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the company posted $0.82 EPS. Equities research analysts predict that RB Global, Inc. will post 2.5 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. StockNews.com downgraded RB Global from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Robert W. Baird raised their price target on shares of RB Global from $105.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Royal Bank of Canada boosted their price objective on shares of RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. National Bankshares cut their target price on shares of RB Global from $118.00 to $115.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, CIBC dropped their price target on shares of RB Global from $109.00 to $108.00 and set an "outperformer" rating on the stock in a research note on Monday, February 3rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, RB Global currently has a consensus rating of "Moderate Buy" and a consensus price target of $111.36.

Insider Activity

In other news, CEO James Francis Kessler sold 15,700 shares of the 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 directly owns 107,569 shares of the company's stock, valued at approximately $10,521,323.89. This represents a 12.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO James J. Jeter sold 600 shares of the business's stock in a transaction 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 in the company, valued at $1,939,756.21. This trade represents a 2.96 % 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 90 days. 4.32% of the stock is currently owned by company insiders.

About RB Global

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.