RB Global, Inc. (NYSE:RBA) is Riverbridge Partners LLC's 5th Largest Position

Riverbridge Partners LLC decreased its holdings in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 8.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,052,476 shares of the business services provider's stock after selling 178,458 shares during the quarter. RB Global makes up 3.3% of Riverbridge Partners LLC's investment portfolio, making the stock its 5th biggest holding. Riverbridge Partners LLC owned approximately 1.11% of RB Global worth $205,863,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. CoreCap Advisors LLC grew its stake in shares of RB Global by 74.5% in the fourth 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 last quarter. MV Capital Management Inc. grew its stake in shares of RB Global by 5,560.0% in the first quarter. MV Capital Management Inc. now owns 283 shares of the business services provider's stock worth $28,000 after purchasing an additional 278 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of RB Global by 49.4% in the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock worth $35,000 after purchasing an additional 129 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of RB Global in the fourth quarter worth $37,000. Finally, SRS Capital Advisors Inc. grew 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 worth $58,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 95.37% of the company's stock.

RB Global Stock Down 0.4%

Shares of RBA stock traded down $0.46 on Monday, reaching $104.36. 1,360,071 shares of the company were exchanged, compared to its average volume of 979,442. The company has a market cap of $19.33 billion, a price-to-earnings ratio of 51.41 and a beta of 0.78. The company has a 50-day moving average of $103.64 and a 200-day moving average of $97.84. 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 one year low of $70.38 and a one year 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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.89. The company had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.02 billion. RB Global had a net margin of 9.68% and a return on equity of 8.03%. The business's revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 EPS. Analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have commented on RBA shares. Raymond James Financial upped their price target on shares of RB Global from $118.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. CIBC upped their price target 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. Robert W. Baird upped their price target on shares of RB Global from $110.00 to $115.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Wall Street Zen raised shares of RB Global from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, 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. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $114.50.

Insider Buying and Selling

In related news, Director Adam Dewitt sold 800 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $106.17, for a total value of $84,936.00. Following the sale, the director now owns 5,865 shares in the company, valued at $622,687.05. This represents a 12.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Andrew John Fesler sold 9,075 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $104.72, for a total transaction of $950,334.00. Following the completion of the sale, the insider now owns 5,532 shares in the company, valued at $579,311.04. This represents a 62.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,075 shares of company stock worth $2,007,349 in the last quarter. Insiders own 0.28% of the company's stock.

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.