Diversified Trust Co Has $6.02 Million Holdings in RB Global, Inc. (NYSE:RBA)

Diversified Trust Co cut its position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 4.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 60,047 shares of the business services provider's stock after selling 3,072 shares during the quarter. Diversified Trust Co's holdings in RB Global were worth $6,023,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RBA. Vanguard Group Inc. raised its holdings in shares of RB Global by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 24,916,629 shares of the business services provider's stock valued at $2,248,060,000 after buying an additional 358,752 shares during the last quarter. Geode Capital Management LLC lifted its holdings in RB Global by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 3,967,159 shares of the business services provider's stock worth $357,434,000 after purchasing an additional 264,778 shares during the period. Janus Henderson Group PLC lifted its holdings in RB Global by 0.6% in the fourth quarter. Janus Henderson Group PLC now owns 3,403,086 shares of the business services provider's stock worth $307,033,000 after purchasing an additional 19,895 shares during the period. Boston Partners increased its stake in RB Global by 6.9% during the 4th quarter. Boston Partners now owns 3,308,977 shares of the business services provider's stock valued at $298,500,000 after buying an additional 214,181 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in RB Global during the 4th quarter valued at about $266,148,000. 95.37% of the stock is owned by institutional investors and hedge funds.

RB Global Trading Down 0.0%

Shares of RBA stock traded down $0.01 during trading hours on Monday, reaching $105.64. 404,024 shares of the stock traded hands, compared to its average volume of 1,115,373. The company has a quick ratio of 1.21, a current ratio of 1.31 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $19.56 billion, a PE ratio of 52.04, a PEG ratio of 3.76 and a beta of 0.78. RB Global, Inc. has a 1-year low of $70.38 and a 1-year high of $109.25. The business has a fifty day moving average price of $104.29 and a 200 day moving average price of $98.09.

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 earnings per share for the quarter, meeting the consensus estimate of $0.89. The company had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.02 billion. RB Global had a return on equity of 8.03% and a net margin of 9.68%. The business's revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.90 EPS. On average, equities research analysts forecast that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Announces Dividend

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

Analyst Upgrades and Downgrades

RBA has been the subject of a number of research analyst reports. Wall Street Zen raised shares of RB Global from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. CIBC raised their target price on shares of RB Global from $116.00 to $118.00 and gave the stock an "outperformer" rating in a report on Friday, May 9th. National Bank Financial lowered shares of RB Global from a "strong-buy" rating to a "hold" rating in a research report on Sunday, May 25th. Raymond James Financial increased their price objective on RB Global from $118.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Finally, Robert W. Baird raised their price objective on RB Global from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $114.50.

Insider Buying and Selling at RB Global

In related news, insider Andrew John Fesler sold 9,075 shares of RB Global stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $104.72, for a total transaction of $950,334.00. Following the completion of the sale, the insider now owns 5,532 shares of the company's stock, valued at approximately $579,311.04. This trade represents a 62.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO James J. Jeter sold 2,000 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $106.96, for a total value of $213,920.00. Following the completion of the transaction, the executive now directly owns 14,167 shares in the company, valued at approximately $1,515,302.32. The trade was a 12.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,075 shares of company stock worth $2,007,349. 0.28% of the stock is currently owned by company insiders.

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.