New York State Common Retirement Fund Sells 3,012 Shares of RB Global, Inc. (NYSE:RBA)

New York State Common Retirement Fund decreased its holdings in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 1.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 225,718 shares of the business services provider's stock after selling 3,012 shares during the quarter. New York State Common Retirement Fund owned 0.12% of RB Global worth $22,640,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Xponance Inc. grew its position in RB Global by 1.6% in the first quarter. Xponance Inc. now owns 21,488 shares of the business services provider's stock worth $2,155,000 after buying an additional 339 shares during the last quarter. State of Michigan Retirement System grew its position in RB Global by 0.9% during the 1st quarter. State of Michigan Retirement System now owns 44,100 shares of the business services provider's stock worth $4,423,000 after purchasing an additional 400 shares in the last quarter. Cerity Partners LLC grew its position in RB Global by 5.8% during the 1st quarter. Cerity Partners LLC now owns 6,363 shares of the business services provider's stock worth $638,000 after purchasing an additional 351 shares in the last quarter. Allworth Financial LP grew its position in RB Global by 1,870.9% during the 1st quarter. Allworth Financial LP now owns 1,084 shares of the business services provider's stock worth $107,000 after purchasing an additional 1,029 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in RB Global by 10.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,060 shares of the business services provider's stock worth $106,000 after purchasing an additional 104 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company's stock.

Analyst Ratings Changes

RBA has been the topic of several research analyst reports. Robert W. Baird lifted their price objective 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. 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. National Bankshares lowered their price target on shares of RB Global from $118.00 to $115.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. National Bank Financial cut shares of RB Global from a "strong-buy" rating to a "hold" rating in a report on Sunday, May 25th. Finally, CIBC boosted their price target on shares of RB Global from $116.00 to $118.00 and gave the company an "outperformer" rating in a report on Friday, May 9th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $115.79.

Insider Buying and Selling at RB Global

In other news, insider Darren Jeffrey Watt sold 7,400 shares of the company's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $110.00, for a total transaction of $814,000.00. Following the completion of the transaction, the insider owned 24,874 shares of the company's stock, valued at approximately $2,736,140. This represents a 22.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Adam Dewitt sold 800 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $106.17, for a total transaction of $84,936.00. Following the completion of the sale, the director directly owned 5,865 shares in the company, valued at approximately $622,687.05. The trade was a 12.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,133 shares of company stock valued at $7,843,729 in the last three months. Company insiders own 4.32% of the company's stock.

RB Global Stock Up 0.5%

Shares of RBA stock traded up $0.56 on Friday, hitting $110.91. The company's stock had a trading volume of 187,146 shares, compared to its average volume of 955,660. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.31 and a quick ratio of 1.21. RB Global, Inc. has a fifty-two week low of $70.38 and a fifty-two week high of $111.66. The firm's fifty day moving average price is $106.25 and its 200-day moving average price is $99.48. The stock has a market capitalization of $20.54 billion, a price-to-earnings ratio of 54.60, a P/E/G ratio of 2.52 and a beta of 0.77.

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, hitting analysts' consensus estimates of $0.89. The firm 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 business's revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 EPS. Research analysts anticipate that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders 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 1.05%. The ex-dividend date was Thursday, May 29th. RB Global's dividend payout ratio is 57.14%.

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.