Pacer Advisors Inc. Sells 25,357 Shares of RB Global, Inc. (NYSE:RBA)

Pacer Advisors Inc. lowered its stake in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 61.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,002 shares of the business services provider's stock after selling 25,357 shares during the period. Pacer Advisors Inc.'s holdings in RB Global were worth $1,605,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CoreCap Advisors LLC increased its holdings in RB Global by 74.5% during the 4th 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 period. MV Capital Management Inc. grew its stake 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 buying an additional 278 shares during the last quarter. IFP Advisors Inc grew its stake in RB Global by 348.8% during the 1st quarter. IFP Advisors Inc now owns 359 shares of the business services provider's stock worth $36,000 after buying an additional 279 shares during the last quarter. Nisa Investment Advisors LLC lifted 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 acquiring an additional 104 shares during the period. Finally, Allworth Financial LP lifted 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 acquiring an additional 1,029 shares during the period. Institutional investors and hedge funds own 95.37% of the company's stock.

RB Global Stock Up 0.0%

NYSE:RBA traded up $0.04 during trading hours on Friday, hitting $108.30. 636,140 shares of the stock traded hands, compared to its average volume of 822,204. The firm has a 50 day moving average price of $106.58 and a 200 day moving average price of $100.87. The company has a current ratio of 1.31, a quick ratio of 1.21 and a debt-to-equity ratio of 0.50. RB Global, Inc. has a fifty-two week low of $70.38 and a fifty-two week high of $111.71. The firm has a market cap of $20.09 billion, a price-to-earnings ratio of 53.35, a PEG ratio of 2.50 and a beta of 0.75.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last posted its quarterly 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 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 9.68% and a return on equity of 8.03%. 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 business posted $0.90 earnings per share. Equities research 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 announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, May 29th. RB Global's dividend payout ratio (DPR) is presently 57.14%.

Analysts Set New Price Targets

Several analysts have recently commented on RBA shares. Raymond James Financial raised their price target on RB Global from $118.00 to $125.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Robert W. Baird raised their price target on RB Global from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Wall Street Zen downgraded 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. 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 report on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $116.21.

Insiders Place Their Bets

In related news, CRO James J. Jeter sold 2,000 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $106.96, for a total value of $213,920.00. Following the completion of the transaction, the executive owned 14,167 shares of the company's stock, valued at $1,515,302.32. This represents a 12.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Andrew John Fesler sold 9,075 shares of the firm'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 transaction of $950,334.00. Following the sale, the insider directly owned 5,532 shares of the company's stock, 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. Insiders have sold 72,133 shares of company stock valued at $7,843,729 in the last quarter. 4.32% of the stock is currently owned by insiders.

RB Global 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.