Public Employees Retirement System of Ohio Sells 2,831 Shares of RB Global, Inc. (NYSE:RBA)

Public Employees Retirement System of Ohio reduced its stake in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 203,323 shares of the business services provider's stock after selling 2,831 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.11% of RB Global worth $18,344,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. CoreCap Advisors LLC increased its position in RB Global by 74.5% in 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 period. Jones Financial Companies Lllp lifted its stake in RB Global by 49.4% in the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock valued at $35,000 after buying an additional 129 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of RB Global in the 4th quarter valued at about $36,000. Whipplewood Advisors LLC bought a new stake in shares of RB Global in the 4th quarter valued at $37,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of RB Global in the 4th quarter valued at approximately $40,000. Institutional investors and hedge funds own 95.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on RBA shares. CIBC raised their price objective on shares of RB Global from $116.00 to $118.00 and gave the stock an "outperformer" rating in a report on Friday, May 9th. National Bank Financial downgraded RB Global from a "strong-buy" rating to a "hold" rating in a research note on Sunday, May 25th. Robert W. Baird upped their price objective on RB Global from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. National Bankshares decreased their price objective on RB Global from $118.00 to $115.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, Royal Bank of Canada lifted their target price on RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $114.50.

Insiders Place Their Bets

In other RB Global news, CRO James J. Jeter sold 7,597 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $97.85, for a total value of $743,366.45. Following the sale, the executive now owns 20,267 shares in the company, valued at $1,983,125.95. This represents a 27.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO James Francis Kessler sold 15,700 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $97.81, for a total value of $1,535,617.00. Following the transaction, the chief executive officer now directly owns 107,569 shares in the company, valued at $10,521,323.89. The trade was a 12.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,472 shares of company stock valued at $3,867,745. 4.32% of the stock is currently owned by corporate insiders.

RB Global Stock Up 1.0%

Shares of NYSE RBA traded up $1.03 during mid-day trading on Friday, hitting $104.91. The company had a trading volume of 498,901 shares, compared to its average volume of 1,129,815. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The firm has a 50-day simple moving average of $100.58 and a two-hundred day simple moving average of $96.67. The company has a market capitalization of $19.42 billion, a PE ratio of 52.19, a price-to-earnings-growth ratio of 4.95 and a beta of 0.78. RB Global, Inc. has a one year low of $70.27 and a one year high of $109.25.

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 the consensus estimate of $0.89. RB Global had a return on equity of 8.00% and a net margin of 9.64%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm earned $0.90 EPS. The business's quarterly revenue was up 4.1% on a year-over-year basis. On average, equities analysts expect that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.11%. The ex-dividend date is Thursday, May 29th. RB Global's dividend payout ratio (DPR) is currently 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.