RB Global, Inc. (NYSE:RBA) Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP lessened its position in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 2.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,060,424 shares of the business services provider's stock after selling 86,149 shares during the quarter. RB Global makes up about 3.1% of Cooke & Bieler LP's investment portfolio, making the stock its 3rd largest position. Cooke & Bieler LP owned 1.65% of RB Global worth $306,961,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Natixis Advisors LLC raised its position in RB Global by 69.5% in the 4th quarter. Natixis Advisors LLC now owns 18,877 shares of the business services provider's stock valued at $1,703,000 after purchasing an additional 7,737 shares during the last quarter. QRG Capital Management Inc. raised its position in RB Global by 122.2% in the 1st quarter. QRG Capital Management Inc. now owns 7,678 shares of the business services provider's stock valued at $770,000 after purchasing an additional 4,222 shares during the last quarter. Mawer Investment Management Ltd. raised its position in RB Global by 15.7% in the 4th quarter. Mawer Investment Management Ltd. now owns 120,564 shares of the business services provider's stock valued at $10,876,000 after purchasing an additional 16,397 shares during the last quarter. Vanguard Group Inc. raised its position in RB Global by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 24,916,629 shares of the business services provider's stock valued at $2,248,060,000 after purchasing an additional 358,752 shares during the last quarter. Finally, MetLife Investment Management LLC raised its position in RB Global by 9.2% in the 4th quarter. MetLife Investment Management LLC now owns 103,934 shares of the business services provider's stock valued at $9,376,000 after purchasing an additional 8,723 shares during the last quarter. Institutional investors and hedge funds own 95.37% of the company's stock.

Insider Buying and Selling

In other news, Director Adam Dewitt sold 800 shares of the company's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $106.17, for a total transaction of $84,936.00. Following the completion of the transaction, the director directly owned 5,865 shares of the company's stock, valued at $622,687.05. This represents a 12.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James Francis Kessler sold 45,658 shares of the company's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $110.00, for a total value of $5,022,380.00. Following the transaction, the chief executive officer directly owned 107,569 shares of the company's stock, valued at $11,832,590. This represents a 29.80% decrease in their ownership of the stock. 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. 0.28% of the stock is owned by company insiders.

RB Global Trading Down 0.3%

Shares of RB Global stock traded down $0.29 during trading on Friday, reaching $110.06. 1,041,186 shares of the company were exchanged, compared to its average volume of 959,934. The company has a quick ratio of 1.21, a current ratio of 1.31 and a debt-to-equity ratio of 0.50. RB Global, Inc. has a twelve month low of $70.38 and a twelve month high of $111.71. The business has a 50-day moving average price of $106.33 and a 200-day moving average price of $99.75. The firm has a market capitalization of $20.38 billion, a price-to-earnings ratio of 54.22, a P/E/G ratio of 2.54 and a beta of 0.77.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last announced its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.89 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 business 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 earned $0.90 earnings per share. The firm's quarterly revenue was up 4.1% compared to the same quarter last year. Sell-side analysts anticipate that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

RB Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders 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 annualized dividend and a dividend yield of 1.05%. RB Global's dividend payout ratio (DPR) is currently 57.14%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RBA. Royal Bank Of Canada set a $125.00 target price on RB Global and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Wall Street Zen downgraded RB Global from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. CIBC boosted their target price on RB Global from $118.00 to $121.00 and gave the stock an "outperformer" rating in a research report on Friday. National Bankshares dropped their target price on 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, Robert W. Baird boosted their target price on RB Global from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $116.21.

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.