Royce & Associates LP Has $46.71 Million Holdings in RB Global, Inc. (NYSE:RBA)

Royce & Associates LP decreased its position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 11.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 465,742 shares of the business services provider's stock after selling 61,746 shares during the quarter. Royce & Associates LP owned about 0.25% of RB Global worth $46,714,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in RBA. CoreCap Advisors LLC raised its stake 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 purchasing an additional 117 shares during the last quarter. MV Capital Management Inc. raised its stake in RB Global by 5,560.0% in the 1st quarter. MV Capital Management Inc. now owns 283 shares of the business services provider's stock valued at $28,000 after purchasing an additional 278 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in RB Global in the 4th quarter valued at about $36,000. IFP Advisors Inc raised its stake in RB Global by 348.8% in the 1st quarter. IFP Advisors Inc now owns 359 shares of the business services provider's stock valued at $36,000 after purchasing an additional 279 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of RB Global during the 4th quarter valued at about $59,000. Institutional investors and hedge funds own 95.37% of the company's stock.

Insider Transactions at RB Global

In related news, insider Andrew John Fesler sold 9,075 shares of the stock in a transaction 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 owned 5,532 shares in the company, valued at $579,311.04. This trade represents a 62.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO James Francis Kessler sold 45,658 shares of the stock in a transaction on Monday, July 14th. The shares were sold at an average price of $110.00, for a total value of $5,022,380.00. Following the completion of the transaction, the chief executive officer owned 107,569 shares of the company's stock, valued at $11,832,590. This trade represents a 29.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,133 shares of company stock valued at $7,843,729 over the last three months. 0.28% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Robert W. Baird upped their price objective on shares of RB Global from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Royal Bank Of Canada set a $125.00 price objective on shares of RB Global and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Wall Street Zen downgraded shares of RB Global from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. CIBC increased their target price on shares of RB Global from $118.00 to $121.00 and gave the stock an "outperformer" rating in a research report on Friday, July 18th. Finally, National Bankshares dropped 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. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $116.21.

RB Global Stock Down 0.5%

Shares of RB Global stock traded down $0.54 on Monday, hitting $108.55. 615,217 shares of the company's stock traded hands, compared to its average volume of 1,082,156. The stock has a market cap of $20.10 billion, a P/E ratio of 53.47, a PEG ratio of 2.51 and a beta of 0.77. The company has a quick ratio of 1.21, a current ratio of 1.31 and a debt-to-equity ratio of 0.50. The firm's 50-day moving average is $106.57 and its 200 day moving average is $100.36. RB Global, Inc. has a 52-week low of $70.38 and a 52-week high of $111.71.

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, hitting the consensus estimate of $0.89. RB Global had a return on equity of 8.03% and a net margin of 9.68%. The firm had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same period last year, the business posted $0.90 earnings per share. The firm's revenue for the quarter was up 4.1% on a year-over-year basis. Equities analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current 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 given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Thursday, May 29th. RB Global's dividend payout ratio 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.