RB Global, Inc. (NYSE:RBA) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 40.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,302 shares of the business services provider's stock after selling 5,569 shares during the period. SG Americas Securities LLC's holdings in RB Global were worth $833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in RBA. Sanctuary Advisors LLC lifted its stake in shares of RB Global by 5.1% in the 4th quarter. Sanctuary Advisors LLC now owns 6,188 shares of the business services provider's stock valued at $563,000 after purchasing an additional 303 shares during the period. Sunpointe LLC acquired a new position in RB Global during the fourth quarter worth $2,325,000. Coyle Financial Counsel LLC raised its position in RB Global by 10.7% during the fourth quarter. Coyle Financial Counsel LLC now owns 23,528 shares of the business services provider's stock worth $2,122,000 after acquiring an additional 2,271 shares during the period. Advisor OS LLC raised its position in RB Global by 8.2% during the fourth quarter. Advisor OS LLC now owns 6,972 shares of the business services provider's stock worth $629,000 after acquiring an additional 527 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in RB Global by 0.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,510 shares of the business services provider's stock worth $3,384,000 after acquiring an additional 210 shares during the period. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on RBA shares. Raymond James Financial upped their price objective on shares of RB Global from $118.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. CIBC increased their target price on shares of RB Global from $116.00 to $118.00 and gave the company an "outperformer" rating in a research report on Friday, May 9th. National Bankshares reduced their target price on shares of RB Global from $118.00 to $115.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. National Bank Financial cut shares of RB Global from a "strong-buy" rating to a "hold" rating in a research report on Sunday, May 25th. Finally, Wall Street Zen upgraded shares of RB Global from a "hold" rating to a "buy" rating in a research report on Saturday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, RB Global presently has a consensus rating of "Moderate Buy" and an average price target of $114.50.

Insiders Place Their Bets

In other news, Director Adam Dewitt sold 800 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $106.17, for a total value of $84,936.00. Following the completion of the transaction, the director now owns 5,865 shares of the company's stock, valued at approximately $622,687.05. This trade represents a 12.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CRO James J. Jeter sold 3,500 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $104.38, for a total transaction of $365,330.00. Following the completion of the transaction, the executive now directly owns 16,167 shares of the company's stock, valued at approximately $1,687,511.46. The trade was a 17.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,075 shares of company stock valued at $2,007,349 over the last 90 days. 0.28% of the stock is owned by company insiders.

RB Global Trading Down 0.4%

Shares of RBA traded down $0.46 during mid-day trading on Monday, reaching $104.36. The stock had a trading volume of 1,360,071 shares, compared to its average volume of 979,442. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.31 and a quick ratio of 1.21. RB Global, Inc. has a 52-week low of $70.38 and a 52-week high of $109.25. The business's fifty day moving average is $103.64 and its 200 day moving average is $97.84. The firm has a market cap of $19.33 billion, a price-to-earnings ratio of 51.41 and a beta of 0.78.

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

RB Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Thursday, May 29th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend was Thursday, May 29th. 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.