RB Global, Inc. (NYSE:RBA) Holdings Trimmed by Coyle Financial Counsel LLC

Coyle Financial Counsel LLC cut its stake in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 23.9% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 17,898 shares of the business services provider's stock after selling 5,630 shares during the period. RB Global makes up approximately 0.5% of Coyle Financial Counsel LLC's holdings, making the stock its 29th largest holding. Coyle Financial Counsel LLC's holdings in RB Global were worth $1,795,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in RB Global by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 24,916,629 shares of the business services provider's stock worth $2,248,060,000 after acquiring an additional 358,752 shares in the last quarter. Geode Capital Management LLC lifted its position in RB Global by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 3,967,159 shares of the business services provider's stock worth $357,434,000 after acquiring an additional 264,778 shares in the last quarter. Janus Henderson Group PLC lifted its position in RB Global by 0.6% during the 4th quarter. Janus Henderson Group PLC now owns 3,403,086 shares of the business services provider's stock worth $307,033,000 after acquiring an additional 19,895 shares in the last quarter. Boston Partners lifted its position in RB Global by 6.9% during the 4th quarter. Boston Partners now owns 3,308,977 shares of the business services provider's stock worth $298,500,000 after acquiring an additional 214,181 shares in the last quarter. Finally, FMR LLC lifted its position in RB Global by 137.5% during the 4th quarter. FMR LLC now owns 2,804,404 shares of the business services provider's stock worth $252,985,000 after acquiring an additional 1,623,429 shares in the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Andrew John Fesler sold 9,075 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $104.72, for a total value of $950,334.00. Following the completion of the transaction, the insider owned 5,532 shares of the company's stock, valued at approximately $579,311.04. This represents a 62.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Adam Dewitt sold 800 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $106.17, for a total value of $84,936.00. Following the completion of the transaction, the director directly owned 5,865 shares of the company's stock, valued at approximately $622,687.05. The trade was a 12.00% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,075 shares of company stock worth $2,007,349. 4.32% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

RBA has been the topic of several recent research reports. National Bank Financial lowered RB Global from a "strong-buy" rating to a "hold" rating in a research report on Sunday, May 25th. CIBC upped their target price on RB Global from $116.00 to $118.00 and gave the company an "outperformer" rating in a research report on Friday, May 9th. Robert W. Baird upped their target price on RB Global from $110.00 to $115.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Raymond James Financial upped their target price on RB Global from $118.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Finally, National Bankshares cut their target price 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. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $115.79.

RB Global Stock Performance

Shares of NYSE RBA traded up $0.42 during trading on Friday, reaching $108.11. The stock had a trading volume of 1,019,120 shares, compared to its average volume of 956,955. RB Global, Inc. has a one year low of $70.38 and a one year high of $109.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.21 and a current ratio of 1.31. The stock has a market cap of $20.02 billion, a PE ratio of 53.26, a P/E/G ratio of 2.46 and a beta of 0.77. The firm's 50 day moving average price is $105.72 and its two-hundred day moving average price is $98.98.

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

RB Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.07%. RB Global's payout ratio is currently 57.14%.

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.