Lansforsakringar Fondforvaltning AB publ Purchases Shares of 39,809 RB Global, Inc. (NYSE:RBA)

Lansforsakringar Fondforvaltning AB publ purchased a new position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 39,809 shares of the business services provider's stock, valued at approximately $3,590,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RBA. Ascent Group LLC grew its stake in shares of RB Global by 2.7% in the fourth quarter. Ascent Group LLC now owns 11,285 shares of the business services provider's stock worth $1,018,000 after acquiring an additional 295 shares during the period. CTC Alternative Strategies Ltd. bought a new position in shares of RB Global during the 4th quarter valued at approximately $209,000. Alpine Global Management LLC bought a new position in shares of RB Global during the 4th quarter valued at approximately $789,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in shares of RB Global in the fourth quarter worth approximately $39,080,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in RB Global by 35.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 439,101 shares of the business services provider's stock worth $39,611,000 after buying an additional 116,106 shares during the period. 95.37% of the stock is owned by hedge funds and other institutional investors.

RB Global Price Performance

Shares of NYSE RBA traded up $1.43 during trading on Friday, hitting $105.31. 1,293,776 shares of the company were exchanged, compared to its average volume of 1,134,544. The company has a market cap of $19.50 billion, a price-to-earnings ratio of 52.39, a PEG ratio of 4.95 and a beta of 0.78. RB Global, Inc. has a 1 year low of $70.27 and a 1 year high of $109.25. The firm's fifty day moving average price is $100.68 and its 200 day moving average price is $96.79. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17.

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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.89. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. RB Global had a net margin of 9.64% and a return on equity of 8.00%. The company's quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.90 earnings per share. On average, sell-side analysts expect that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Announces Dividend

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

Insider Buying and Selling

In other RB Global news, CRO James J. Jeter sold 7,597 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $97.85, for a total transaction of $743,366.45. Following the completion of the transaction, the executive now owns 20,267 shares in the company, valued at approximately $1,983,125.95. The trade was a 27.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Andrew John Fesler sold 9,075 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $104.72, for a total value of $950,334.00. Following the sale, the insider now directly owns 5,532 shares in the company, valued at approximately $579,311.04. The trade was a 62.13% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,472 shares of company stock worth $3,867,745. Insiders own 4.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. BMO Capital Markets increased their target price on RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Wall Street Zen downgraded RB Global from a "buy" rating to a "hold" rating in a research report on Friday. CIBC lifted their target price on shares of RB Global from $116.00 to $118.00 and gave the company an "outperformer" rating in a research report on Friday, May 9th. National Bank Financial cut RB Global from a "strong-buy" rating to a "hold" rating in a report on Sunday, May 25th. Finally, National Bankshares reduced 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.