Cooke & Bieler LP Has $306.96 Million Stock Holdings in RB Global, Inc. (NYSE:RBA)

Cooke & Bieler LP cut its stake in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 2.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,060,424 shares of the business services provider's stock after selling 86,149 shares during the quarter. RB Global comprises about 3.1% of Cooke & Bieler LP's investment portfolio, making the stock its 3rd largest position. Cooke & Bieler LP owned approximately 1.65% of RB Global worth $306,961,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. CoreCap Advisors LLC boosted its position in shares of RB Global by 74.5% in the 4th quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider's stock worth $25,000 after buying an additional 117 shares in the last quarter. MV Capital Management Inc. lifted 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 valued at $28,000 after purchasing an additional 278 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings 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 purchasing an additional 129 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in RB Global in the 4th quarter valued at about $36,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in RB Global in the 4th quarter valued at about $59,000. 95.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Adam Dewitt sold 800 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $106.17, for a total transaction of $84,936.00. Following the sale, the director owned 5,865 shares in the company, valued at approximately $622,687.05. This represents a 12.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrew John Fesler sold 9,075 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $104.72, for a total value of $950,334.00. Following the completion of the transaction, the insider owned 5,532 shares in the company, valued at approximately $579,311.04. This represents a 62.13% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,133 shares of company stock valued at $7,843,729. 4.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. CIBC upped their price objective on shares of RB Global from $116.00 to $118.00 and gave the company an "outperformer" rating in a research note on Friday, May 9th. National Bank Financial downgraded shares of RB Global from a "strong-buy" rating to a "hold" rating in a research note on Sunday, May 25th. Wall Street Zen downgraded shares of RB Global from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Robert W. Baird upped their price objective on shares of RB Global from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Finally, Raymond James Financial increased their target price on shares of RB Global from $118.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $115.79.

RB Global Stock Up 0.9%

Shares of RB Global stock traded up $0.98 during trading on Thursday, hitting $110.29. 759,714 shares of the stock traded hands, compared to its average volume of 958,680. The stock has a market cap of $20.42 billion, a P/E ratio of 54.33, a PEG ratio of 2.52 and a beta of 0.77. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.21 and a current ratio of 1.31. RB Global, Inc. has a twelve month low of $70.38 and a twelve month high of $111.07. The company has a fifty day moving average price of $106.25 and a two-hundred day moving average price of $99.48.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last announced its 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 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 quarter in the prior year, the business earned $0.90 earnings per share. The company's revenue was up 4.1% on a year-over-year basis. Equities research analysts predict that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

RB Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Thursday, May 29th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.16 annualized dividend and a yield of 1.05%. RB Global's dividend payout ratio is currently 57.14%.

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.