Lbp Am Sa Acquires 12,995 Shares of RB Global, Inc. (NYSE:RBA)

Lbp Am Sa boosted its holdings in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 51.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,128 shares of the business services provider's stock after purchasing an additional 12,995 shares during the period. Lbp Am Sa's holdings in RB Global were worth $3,824,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. CoreCap Advisors LLC grew its holdings in shares of RB Global by 74.5% during 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 holdings in RB Global by 5,560.0% during the 1st quarter. MV Capital Management Inc. now owns 283 shares of the business services provider's stock worth $28,000 after acquiring an additional 278 shares during the last quarter. Jones Financial Companies Lllp increased its position 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 valued at $35,000 after acquiring an additional 129 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in RB Global in the 4th quarter valued at about $59,000. Finally, Johnson Financial Group Inc. bought a new position in shares of RB Global in the fourth quarter worth about $111,000. Institutional investors own 95.37% of the company's stock.

Insider Activity

In related news, insider Darren Jeffrey Watt sold 3,700 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $106.17, for a total value of $392,829.00. Following the completion of the sale, the insider owned 24,874 shares in the company, valued at $2,640,872.58. This represents a 12.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CRO James J. Jeter sold 3,500 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $104.38, for a total value of $365,330.00. Following the sale, the executive directly owned 16,167 shares in the company, valued at $1,687,511.46. The trade was a 17.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,075 shares of company stock worth $2,007,349 in the last ninety days. Company insiders own 4.32% of the company's stock.

Wall Street Analysts Forecast Growth

RBA has been the subject of a number of research reports. Royal Bank Of Canada set a $125.00 price target on shares of RB Global and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Wall Street Zen lowered RB Global from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. National Bank Financial downgraded RB Global from a "strong-buy" rating to a "hold" rating in a research report on Sunday, May 25th. National Bankshares cut their price target on RB Global from $118.00 to $115.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Finally, Raymond James Financial lifted 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $115.79.

RB Global Stock Performance

RBA stock opened at $107.72 on Friday. RB Global, Inc. has a twelve month low of $70.38 and a twelve month high of $109.25. 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 company has a market cap of $19.95 billion, a P/E ratio of 53.06, a price-to-earnings-growth ratio of 2.42 and a beta of 0.77. The business's fifty day moving average is $105.61 and its 200-day moving average is $98.86.

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 firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. RB Global had a return on equity of 8.03% and a net margin of 9.68%. The company's quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 earnings per share. Equities research analysts forecast that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Thursday, May 29th. RB Global's payout ratio is 57.14%.

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.

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