RB Global, Inc. (NYSE:RBA) Shares Purchased by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. raised its holdings in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 43.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,250 shares of the business services provider's stock after buying an additional 23,427 shares during the period. RB Global comprises approximately 1.5% of Triasima Portfolio Management inc.'s investment portfolio, making the stock its 16th biggest position. Triasima Portfolio Management inc.'s holdings in RB Global were worth $7,752,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in RB Global by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 24,916,629 shares of the business services provider's stock worth $2,248,060,000 after acquiring an additional 358,752 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in RB Global by 3.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 10,241,186 shares of the business services provider's stock worth $1,027,191,000 after purchasing an additional 352,530 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of RB Global by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 3,967,159 shares of the business services provider's stock valued at $357,434,000 after buying an additional 264,778 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of RB Global by 0.6% in the fourth quarter. Janus Henderson Group PLC now owns 3,403,086 shares of the business services provider's stock valued at $307,033,000 after purchasing an additional 19,895 shares during the period. Finally, Boston Partners lifted its position in RB Global by 6.9% during the fourth quarter. Boston Partners now owns 3,308,977 shares of the business services provider's stock valued at $298,500,000 after purchasing an additional 214,181 shares during the period. Institutional investors own 95.37% of the company's stock.

Analyst Ratings Changes

RBA has been the topic of a number of recent analyst reports. Wall Street Zen lowered RB Global from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Raymond James Financial boosted 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. National Bank Financial lowered RB Global from a "strong-buy" rating to a "hold" rating in a research report on Sunday, May 25th. CIBC lifted 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. Finally, Royal Bank Of Canada set a $125.00 price objective on RB Global and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $115.79.

Insiders Place Their Bets

In other news, CRO James J. Jeter sold 2,000 shares of the company's stock in a transaction dated 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 directly owned 14,167 shares of the company's stock, valued at approximately $1,515,302.32. This represents a 12.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew John Fesler sold 9,075 shares of the business's stock in a transaction that occurred 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 transaction, the insider owned 5,532 shares in the company, valued at $579,311.04. The trade was a 62.13% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 72,133 shares of company stock valued at $7,843,729. 4.32% of the stock is owned by insiders.

RB Global Stock Up 0.9%

Shares of RB Global stock traded up $0.98 during trading on Thursday, hitting $110.29. 400,298 shares of the stock were exchanged, compared to its average volume of 957,524. The stock has a market cap of $20.42 billion, a price-to-earnings ratio of 54.30, a price-to-earnings-growth ratio of 2.46 and a beta of 0.77. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.31 and a quick ratio of 1.21. The firm's 50-day moving average price is $106.14 and its 200 day moving average price is $99.35. RB Global, Inc. has a 12-month low of $70.38 and a 12-month high of $111.07.

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

RB Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Thursday, May 29th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Thursday, May 29th. RB Global's dividend payout ratio is currently 57.14%.

About RB Global

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.