RB Global, Inc. (NYSE:RBA) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its position in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. CoreCap Advisors LLC grew its stake 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 buying an additional 117 shares during the last quarter. Jones Financial Companies Lllp raised 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 last quarter. Proficio Capital Partners LLC acquired a new stake in RB Global in the fourth quarter worth about $36,000. Whipplewood Advisors LLC acquired a new position in shares of RB Global during the fourth quarter valued at about $37,000. Finally, Geneos Wealth Management Inc. purchased a new position in shares of RB Global in the 4th quarter valued at approximately $40,000. 95.37% of the stock is currently owned by institutional investors and hedge funds.

RB Global Stock Performance

RBA traded down $0.81 during midday trading on Thursday, hitting $103.82. 902,597 shares of the company were exchanged, compared to its average volume of 1,130,092. The company's 50 day simple moving average is $100.51 and its 200 day simple moving average is $96.60. The firm has a market capitalization of $19.22 billion, a price-to-earnings ratio of 51.65, a price-to-earnings-growth ratio of 4.95 and a beta of 0.78. RB Global, Inc. has a 1-year low of $70.27 and a 1-year high of $109.25. 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 (NYSE:RBA - Get Free Report) TSE: RBA last posted its earnings results on Wednesday, May 7th. The business services provider reported $0.89 EPS 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 period last year, the company earned $0.90 earnings per share. RB Global's revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, sell-side analysts predict that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.12%. RB Global's payout ratio is 57.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of RB Global from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. CIBC lifted their price target on RB Global from $116.00 to $118.00 and gave the stock an "outperformer" rating in a research report on Friday, May 9th. Robert W. Baird boosted their price target on RB Global from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. National Bankshares reduced their price objective on RB Global from $118.00 to $115.00 and set an "outperform" rating for the company in a research note 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 stock an "outperform" rating in a report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $114.50.

Insider Buying and Selling at RB Global

In other news, CRO James J. Jeter sold 7,597 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $97.85, for a total transaction of $743,366.45. Following the transaction, the executive now owns 20,267 shares in the company, valued at $1,983,125.95. This trade represents a 27.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Andrew John Fesler sold 9,075 shares of the business's stock in a transaction 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 completion of the sale, the insider now directly owns 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. Over the last quarter, insiders sold 38,472 shares of company stock valued at $3,867,745. Corporate insiders own 4.32% of the company's stock.

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.