RB Global, Inc. (NYSE:RBA) Stock Holdings Lessened by Cidel Asset Management Inc.

Cidel Asset Management Inc. trimmed its stake in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 0.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 677,719 shares of the business services provider's stock after selling 3,493 shares during the period. RB Global makes up 4.4% of Cidel Asset Management Inc.'s investment portfolio, making the stock its largest holding. Cidel Asset Management Inc. owned 0.37% of RB Global worth $68,009,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CoreCap Advisors LLC increased its holdings in RB Global by 74.5% during the fourth quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider's stock valued at $25,000 after buying an additional 117 shares during the last quarter. MV Capital Management Inc. raised its holdings in RB Global by 5,560.0% in the 1st quarter. MV Capital Management Inc. now owns 283 shares of the business services provider's stock worth $28,000 after purchasing an additional 278 shares during the period. Jones Financial Companies Lllp grew its holdings in RB Global by 49.4% during the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock valued at $35,000 after purchasing an additional 129 shares during the period. Proficio Capital Partners LLC purchased a new stake in RB Global in the 4th quarter worth approximately $36,000. Finally, SRS Capital Advisors Inc. raised its position in shares of RB Global by 163.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 645 shares of the business services provider's stock valued at $58,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 95.37% of the company's stock.

RB Global Trading Up 0.3%

NYSE RBA traded up $0.31 during trading hours on Friday, reaching $105.73. The company had a trading volume of 673,403 shares, compared to its average volume of 956,141. The stock has a 50-day moving average of $104.97 and a 200 day moving average of $98.35. The company has a current ratio of 1.31, a quick ratio of 1.21 and a debt-to-equity ratio of 0.50. RB Global, Inc. has a 1-year low of $70.38 and a 1-year high of $109.25. The stock has a market capitalization of $19.58 billion, a P/E ratio of 52.08, a price-to-earnings-growth ratio of 3.75 and a beta of 0.77.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last released its earnings results on Wednesday, May 7th. The business services provider reported $0.89 EPS for the quarter, hitting the consensus estimate of $0.89. RB Global had a return on equity of 8.03% and a net margin of 9.68%. The firm had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the previous year, the firm posted $0.90 EPS. RB Global's revenue for the quarter was up 4.1% on a year-over-year basis. As a group, research analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Thursday, May 29th were issued a $0.29 dividend. The ex-dividend date was Thursday, May 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.10%. RB Global's payout ratio is currently 57.14%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. National Bank Financial downgraded RB Global from a "strong-buy" rating to a "hold" rating in a research report on Sunday, May 25th. Royal Bank Of Canada set a $125.00 price target on RB Global and gave the stock an "outperform" rating in a research report on Wednesday. Robert W. Baird boosted their price objective on RB Global from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. CIBC increased their target price on shares of RB Global from $116.00 to $118.00 and gave the stock an "outperformer" rating in a research note on Friday, May 9th. Finally, National Bankshares cut their price target on RB Global from $118.00 to $115.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, RB Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $115.79.

Insider Activity at RB Global

In related news, Director Adam Dewitt sold 800 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $106.17, for a total value of $84,936.00. Following the transaction, the director directly owned 5,865 shares of the company's stock, valued at $622,687.05. This trade represents a 12.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Andrew John Fesler sold 9,075 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $104.72, for a total value of $950,334.00. Following the transaction, the insider directly owned 5,532 shares in the company, valued at approximately $579,311.04. The trade was a 62.13% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,075 shares of company stock valued at $2,007,349. Company insiders own 4.32% of the company's stock.

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.