Nuveen Asset Management LLC Has $53.74 Million Holdings in RB Global, Inc. (NYSE:RBA)

Nuveen Asset Management LLC lowered its holdings in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 595,689 shares of the business services provider's stock after selling 20,604 shares during the period. Nuveen Asset Management LLC owned approximately 0.32% of RB Global worth $53,737,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in RBA. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of RB Global by 0.3% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,729 shares of the business services provider's stock valued at $3,674,000 after buying an additional 113 shares in the last quarter. CoreCap Advisors LLC raised its position in RB Global by 74.5% during the fourth quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider's stock valued at $25,000 after purchasing an additional 117 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in 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. Summit Trail Advisors LLC boosted its holdings in shares of RB Global by 4.6% in the 4th quarter. Summit Trail Advisors LLC now owns 3,089 shares of the business services provider's stock valued at $279,000 after purchasing an additional 137 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of RB Global by 25.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 706 shares of the business services provider's stock valued at $64,000 after purchasing an additional 143 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company's stock.

RB Global Trading Up 0.6%

NYSE:RBA traded up $0.64 on Thursday, reaching $108.59. 1,067,712 shares of the stock traded hands, compared to its average volume of 1,116,185. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. RB Global, Inc. has a 1-year low of $70.27 and a 1-year high of $109.25. The company's 50 day moving average is $99.70 and its 200-day moving average is $95.97. The firm has a market capitalization of $20.10 billion, a price-to-earnings ratio of 54.02, a price-to-earnings-growth ratio of 4.95 and a beta of 0.78.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last posted its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.89 earnings per share for the quarter, hitting the consensus estimate of $0.89. The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.02 billion. RB Global had a net margin of 9.64% and a return on equity of 8.00%. RB Global's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.90 earnings per share. Equities research analysts anticipate that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

RB Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, May 29th. RB Global's dividend payout ratio (DPR) is presently 57.14%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RBA. BMO Capital Markets lifted 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. CIBC upped their price objective on shares of RB Global from $116.00 to $118.00 and gave the stock an "outperformer" rating in a research report on Friday, May 9th. National Bankshares decreased their target price on shares of RB Global from $118.00 to $115.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Wall Street Zen raised RB Global from a "hold" rating to a "buy" rating in a report on Tuesday. Finally, Raymond James lifted their price target on RB Global from $118.00 to $125.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $114.50.

Insider Activity

In other news, CEO James Francis Kessler sold 15,700 shares of RB Global stock in a transaction on Monday, March 17th. The shares were sold at an average price of $97.81, for a total value of $1,535,617.00. Following the completion of the sale, the chief executive officer now owns 107,569 shares in the company, valued at $10,521,323.89. The trade was a 12.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CRO James J. Jeter sold 600 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $98.63, for a total transaction of $59,178.00. Following the transaction, the executive now directly owns 19,667 shares in the company, valued at approximately $1,939,756.21. This represents a 2.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,472 shares of company stock valued at $3,867,745 in the last ninety days. 4.32% of the stock is owned by company insiders.

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.