RB Global, Inc. (NYSE:RBA) Shares Sold by QV Investors Inc.

QV Investors Inc. lowered its stake in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 1.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 410,813 shares of the business services provider's stock after selling 7,117 shares during the quarter. RB Global comprises 4.2% of QV Investors Inc.'s portfolio, making the stock its 7th largest holding. QV Investors Inc. owned approximately 0.22% of RB Global worth $41,226,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of RBA. CoreCap Advisors LLC increased its holdings in shares of 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 purchasing an additional 117 shares during the period. Jones Financial Companies Lllp lifted its position in shares of RB Global by 49.4% during the 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock worth $35,000 after buying an additional 129 shares during the period. Whipplewood Advisors LLC acquired a new stake in RB Global in the 4th quarter valued at $37,000. Geneos Wealth Management Inc. acquired a new position in RB Global in the fourth quarter valued at about $40,000. Finally, SRS Capital Advisors Inc. raised its stake in shares of RB Global by 163.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 645 shares of the business services provider's stock valued at $58,000 after acquiring an additional 400 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on RBA shares. National Bank Financial lowered RB Global from a "strong-buy" rating to a "hold" rating in a research note on Sunday, May 25th. Wall Street Zen cut shares of RB Global from a "buy" rating to a "hold" rating in a research report on Friday. National Bankshares decreased their price target on shares of RB Global from $118.00 to $115.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Raymond James increased their price objective 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, BMO Capital Markets upped their price target on RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, RB Global has a consensus rating of "Moderate Buy" and a consensus price target of $114.50.

Insider Transactions at RB Global

In related news, insider Andrew John Fesler sold 9,075 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $104.72, for a total value of $950,334.00. Following 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CRO James J. Jeter sold 7,597 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $97.85, for a total value of $743,366.45. Following the transaction, the executive now owns 20,267 shares of the company's stock, valued at approximately $1,983,125.95. This trade represents a 27.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,472 shares of company stock valued at $3,867,745 over the last 90 days. 4.32% of the stock is owned by company insiders.

RB Global Trading Up 0.4%

Shares of NYSE:RBA traded up $0.40 during midday trading on Tuesday, hitting $105.66. The company had a trading volume of 664,606 shares, compared to its average volume of 1,131,561. 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, Inc. has a 12 month low of $70.27 and a 12 month high of $109.25. The firm has a fifty day simple moving average of $100.78 and a 200 day simple moving average of $96.91. The stock has a market cap of $19.56 billion, a price-to-earnings ratio of 52.57, a PEG ratio of 4.95 and a beta of 0.78.

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 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.89. The company had revenue of $1.06 billion during 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 for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.90 EPS. On average, analysts predict that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Thursday, May 29th. RB Global's dividend payout ratio is currently 57.14%.

RB Global 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.