Diversified Trust Co Trims Stake in RB Global, Inc. (NYSE:RBA)

Diversified Trust Co reduced its holdings in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 4.9% during the first quarter, according to its most recent 13F 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 reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. CoreCap Advisors LLC increased its position in shares of RB Global by 74.5% in the fourth quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider's stock worth $25,000 after purchasing an additional 117 shares during the last quarter. MV Capital Management Inc. grew its stake 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 buying an additional 278 shares in the last quarter. Jones Financial Companies Lllp grew its stake 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 worth $35,000 after buying an additional 129 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of RB Global in the 4th quarter worth $36,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of RB Global during the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 95.37% of the company's stock.

Insider Buying and Selling at RB Global

In related news, CRO James J. Jeter sold 2,000 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $106.96, for a total transaction of $213,920.00. Following the transaction, the executive now owns 14,167 shares in the company, valued at $1,515,302.32. The trade was a 12.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Darren Jeffrey Watt sold 3,700 shares of the firm'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 $392,829.00. Following the completion of the sale, the insider now owns 24,874 shares of the company's stock, valued at $2,640,872.58. This trade represents a 12.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,075 shares of company stock valued at $2,007,349 in the last 90 days. Insiders own 4.32% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on RBA. 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. Robert W. Baird upped their price objective on RB Global from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. CIBC increased their price objective on RB Global from $116.00 to $118.00 and gave the company an "outperformer" rating in a research report on Friday, May 9th. 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, Raymond James Financial increased their price target on shares of RB Global from $118.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $114.50.

RB Global Stock Performance

NYSE:RBA opened at $105.48 on Friday. 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 fifty-two week low of $70.38 and a fifty-two week high of $109.25. The firm has a market cap of $19.53 billion, a PE ratio of 51.96, a price-to-earnings-growth ratio of 3.73 and a beta of 0.78. The business has a 50 day moving average price of $104.12 and a 200-day moving average price of $98.00.

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

RB Global Dividend Announcement

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

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.

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