RB Global, Inc. (NYSE:RBA) Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. trimmed its holdings in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 45.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,204 shares of the business services provider's stock after selling 23,901 shares during the period. Jefferies Financial Group Inc.'s holdings in RB Global were worth $2,544,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in RBA. Vanguard Group Inc. grew its position in shares of RB Global by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 24,916,629 shares of the business services provider's stock valued at $2,248,060,000 after purchasing an additional 358,752 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in RB Global by 9.8% in the 4th quarter. Vontobel Holding Ltd. now owns 8,451,146 shares of the business services provider's stock valued at $762,378,000 after buying an additional 753,700 shares in the last quarter. Geode Capital Management LLC grew its holdings 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 valued at $357,434,000 after buying an additional 264,778 shares during the last quarter. Janus Henderson Group PLC increased its position in RB Global by 0.6% during the fourth quarter. Janus Henderson Group PLC now owns 3,403,086 shares of the business services provider's stock worth $307,033,000 after buying an additional 19,895 shares in the last quarter. Finally, Boston Partners raised its holdings in shares of RB Global by 6.9% in the fourth 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 during the last quarter. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at RB Global

In other news, CEO James Francis Kessler sold 15,700 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 107,569 shares in the company, valued at approximately $10,521,323.89. This trade represents a 12.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew John Fesler sold 9,075 shares of the company'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 value of $950,334.00. Following the completion of the transaction, the insider now owns 5,532 shares of the company's stock, valued at approximately $579,311.04. This represents a 62.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,472 shares of company stock valued at $3,867,745 over the last 90 days. Corporate insiders own 4.32% of the company's stock.

Wall Street Analysts Forecast Growth

RBA has been the subject of a number of recent research reports. Robert W. Baird lifted 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. Wall Street Zen downgraded shares of RB Global from a "buy" rating to a "hold" rating in a report on Friday. Raymond James upped their price objective 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. CIBC lifted their target price on shares of RB Global from $116.00 to $118.00 and gave the stock an "outperformer" rating in a research note on Friday, May 9th. Finally, National Bankshares cut their price target on RB Global from $118.00 to $115.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, RB Global presently has a consensus rating of "Moderate Buy" and an average target price of $114.50.

RB Global Trading Up 1.4%

RBA stock traded up $1.43 on Friday, hitting $105.31. 1,293,776 shares of the company were exchanged, compared to its average volume of 1,134,677. The stock has a market capitalization of $19.50 billion, a price-to-earnings ratio of 52.39, a price-to-earnings-growth ratio of 4.95 and a beta of 0.78. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17. The business's fifty day moving average is $100.68 and its two-hundred day moving average is $96.75. RB Global, Inc. has a twelve month low of $70.27 and a twelve month high of $109.25.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last released its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.89 earnings per share for the quarter, meeting the consensus estimate of $0.89. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. RB Global had a return on equity of 8.00% and a net margin of 9.64%. The company's revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.90 EPS. As a group, research analysts forecast that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, May 29th. This represents a $1.16 annualized dividend and a yield of 1.10%. RB Global's dividend payout ratio 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.