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

SG Americas Securities LLC cut its holdings in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 40.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.

Several other hedge funds also recently made changes to their positions in the company. CoreCap Advisors LLC increased its position in RB Global by 74.5% in the 4th quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider's stock valued at $25,000 after acquiring an additional 117 shares during the period. Jones Financial Companies Lllp grew its holdings 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 worth $35,000 after acquiring an additional 129 shares during the period. Proficio Capital Partners LLC acquired a new stake in RB Global during the 4th quarter valued at $36,000. Whipplewood Advisors LLC acquired a new stake in RB Global during the 4th quarter valued at $37,000. Finally, SRS Capital Advisors Inc. lifted its stake in shares of RB Global by 163.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 645 shares of the business services provider's stock worth $58,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 95.37% of the company's stock.

RB Global Price Performance

Shares of NYSE:RBA opened at $104.58 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.21 and a debt-to-equity ratio of 0.50. RB Global, Inc. has a 1 year low of $70.38 and a 1 year high of $109.25. The business has a fifty day simple moving average of $103.35 and a 200 day simple moving average of $97.74. The firm has a market cap of $19.37 billion, a price-to-earnings ratio of 51.52, a P/E/G ratio of 3.69 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 EPS for the quarter, hitting the consensus estimate of $0.89. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. RB Global had a net margin of 9.68% and a return on equity of 8.03%. The business's quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 earnings per share. As a group, sell-side analysts predict that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Thursday, May 29th. RB Global's payout ratio is presently 57.14%.

Insider Activity at RB Global

In related news, CRO James J. Jeter sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $106.96, for a total value of $213,920.00. Following the completion of the sale, the executive now owns 14,167 shares of the company's stock, valued at $1,515,302.32. This trade represents a 12.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $84,936.00. Following the completion of the sale, the director now directly owns 5,865 shares of the company's stock, valued at approximately $622,687.05. This represents a 12.00% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,075 shares of company stock worth $2,007,349. Company insiders own 4.32% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on RBA. CIBC increased their target price on RB Global from $116.00 to $118.00 and gave the stock an "outperformer" rating in a research report on Friday, May 9th. National Bankshares decreased their price target on RB Global from $118.00 to $115.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Wall Street Zen downgraded RB Global from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Robert W. Baird boosted 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. Finally, Raymond James Financial upped their target price on RB Global from $118.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.50.

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.

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