RB Global, Inc. (NYSE:RBA) Shares Sold by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc reduced its position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 8.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 86,149 shares of the business services provider's stock after selling 8,126 shares during the period. RB Global accounts for about 1.7% of K.J. Harrison & Partners Inc's holdings, making the stock its 12th biggest holding. K.J. Harrison & Partners Inc's holdings in RB Global were worth $8,655,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in RBA. CoreCap Advisors LLC increased its position in RB Global by 74.5% in the 4th quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider's stock valued at $25,000 after acquiring an additional 117 shares during the period. MV Capital Management Inc. increased its holdings in shares of RB Global by 5,560.0% in the first 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 during the period. Jones Financial Companies Lllp raised its stake in shares of RB Global by 49.4% during the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock worth $35,000 after purchasing an additional 129 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of RB Global during the fourth quarter worth $36,000. Finally, Whipplewood Advisors LLC purchased a new position in RB Global in the 4th quarter valued at $37,000. 95.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Adam Dewitt sold 800 shares of RB Global stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $106.17, for a total transaction of $84,936.00. Following the sale, the director now owns 5,865 shares of the company's stock, valued at $622,687.05. The trade was 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 shares were sold at an average price of $104.72, for a total value of $950,334.00. Following the sale, the insider now owns 5,532 shares of the company's stock, valued at $579,311.04. This represents a 62.13% 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 ninety days. Company insiders own 0.28% of the company's stock.

RB Global Price Performance

Shares of RBA stock traded down $0.10 during mid-day trading on Monday, reaching $105.55. The stock had a trading volume of 100,359 shares, compared to its average volume of 953,854. RB Global, Inc. has a 12-month low of $70.38 and a 12-month high of $109.25. The company has a current ratio of 1.31, a quick ratio of 1.21 and a debt-to-equity ratio of 0.50. The business has a 50-day simple moving average of $104.29 and a 200 day simple moving average of $98.09. The company has a market cap of $19.55 billion, a P/E ratio of 51.98, a price-to-earnings-growth ratio of 3.76 and a beta of 0.78.

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 EPS for the quarter, meeting analysts' consensus estimates of $0.89. The firm 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%. RB Global's quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 EPS. On average, sell-side analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on RBA shares. Wall Street Zen raised shares of RB Global from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. National Bankshares dropped their target price on RB Global from $118.00 to $115.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. CIBC raised their price target on RB Global from $116.00 to $118.00 and gave the company an "outperformer" rating in a report on Friday, May 9th. Raymond James Financial increased their price objective on RB Global from $118.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, Robert W. Baird boosted their target price on shares of RB Global from $110.00 to $115.00 and gave the stock 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 stock. Based on data from MarketBeat, RB Global currently has an average rating of "Moderate Buy" and a consensus target price of $114.50.

About RB Global

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.