RB Global, Inc. (NYSE:RBA) Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System grew its stake in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 8.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 106,773 shares of the business services provider's stock after buying an additional 8,302 shares during the period. New York State Teachers Retirement System owned 0.06% of RB Global worth $10,709,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in RB Global by 0.3% during the fourth 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 acquiring an additional 113 shares during the period. CoreCap Advisors LLC raised its holdings in shares of RB Global by 74.5% in 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. Jones Financial Companies Lllp lifted its stake in shares of RB Global by 49.4% in the 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock valued at $35,000 after purchasing an additional 129 shares in the last quarter. Claret Asset Management Corp lifted its stake in shares of RB Global by 1.6% in the 4th quarter. Claret Asset Management Corp now owns 10,233 shares of the business services provider's stock valued at $923,000 after purchasing an additional 163 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its holdings in shares of RB Global by 4.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,762 shares of the business services provider's stock worth $339,000 after purchasing an additional 176 shares during the period. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at RB Global

In other RB Global news, CRO James J. Jeter sold 2,000 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $106.96, for a total transaction of $213,920.00. Following the transaction, the executive directly owned 14,167 shares in the company, valued at $1,515,302.32. This represents a 12.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Darren Jeffrey Watt sold 3,700 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $106.17, for a total transaction of $392,829.00. Following the completion of the sale, the insider directly owned 24,874 shares of the company's stock, valued at $2,640,872.58. The trade was a 12.95% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,075 shares of company stock valued at $2,007,349. Insiders own 4.32% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on RBA shares. Robert W. Baird raised their price target on shares of RB Global from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Raymond James Financial raised their target price on shares of RB Global from $118.00 to $125.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Royal Bank Of Canada set a $125.00 target price on shares of RB Global and gave the company an "outperform" rating in a report on Wednesday. CIBC increased their price target on RB Global from $116.00 to $118.00 and gave the company an "outperformer" rating in a report on Friday, May 9th. Finally, National Bankshares cut their price objective on RB Global from $118.00 to $115.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $115.79.

RB Global Stock Up 0.3%

Shares of RB Global stock traded up $0.31 during trading hours on Friday, hitting $105.73. 673,403 shares of the company's stock traded hands, compared to its average volume of 956,141. RB Global, Inc. has a twelve month low of $70.38 and a twelve month high of $109.25. The company has a market cap of $19.58 billion, a PE ratio of 52.08, a PEG ratio of 3.75 and a beta of 0.77. The company has a quick ratio of 1.21, a current ratio of 1.31 and a debt-to-equity ratio of 0.50. The stock has a 50 day simple moving average of $104.97 and a 200-day simple moving average of $98.35.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last issued its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.89 EPS for the quarter, meeting analysts' consensus estimates of $0.89. RB Global had a return on equity of 8.03% and a net margin of 9.68%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the business posted $0.90 earnings per share. RB Global's revenue for the quarter was up 4.1% on a year-over-year basis. Equities research analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were paid a $0.29 dividend. The ex-dividend date was Thursday, May 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.10%. RB Global's dividend payout ratio (DPR) is presently 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.