Triasima Portfolio Management inc. Buys 23,427 Shares of RB Global, Inc. (NYSE:RBA)

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

A number of other large investors have also added to or reduced their stakes in the business. CoreCap Advisors LLC increased its position in RB Global by 74.5% during 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 period. MV Capital Management Inc. increased its position in RB Global by 5,560.0% during 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 period. Jones Financial Companies Lllp increased its position in RB Global by 49.4% during the 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock valued at $35,000 after purchasing an additional 129 shares during the period. Proficio Capital Partners LLC acquired a new stake in RB Global during the 4th quarter valued at approximately $36,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in RB Global during the 4th quarter valued at approximately $59,000. Institutional investors own 95.37% of the company's stock.

RB Global Trading Down 0.3%

Shares of RBA stock traded down $0.29 during trading hours on Friday, hitting $110.06. 1,041,186 shares of the company were exchanged, compared to its average volume of 959,934. The firm has a market cap of $20.38 billion, a P/E ratio of 54.20, a P/E/G ratio of 2.54 and a beta of 0.77. RB Global, Inc. has a fifty-two week low of $70.38 and a fifty-two week high of $111.71. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.21 and a current ratio of 1.31. The company has a 50 day simple moving average of $106.33 and a two-hundred day simple moving average of $99.62.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last posted its quarterly 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 the consensus estimate of $1.02 billion. During the same quarter last year, the firm posted $0.90 EPS. RB Global's revenue was up 4.1% compared to the same quarter last year. Equities analysts anticipate that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Adam Dewitt sold 800 shares of RB Global stock in a transaction 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 sale, the director owned 5,865 shares of the company's stock, valued at approximately $622,687.05. This trade represents a 12.00% 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 RB Global stock in a transaction on Monday, July 14th. The shares were sold at an average price of $110.00, for a total transaction of $5,022,380.00. Following the completion of the sale, the chief executive officer directly owned 107,569 shares of the company's stock, valued at approximately $11,832,590. The trade was a 29.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,133 shares of company stock worth $7,843,729 in the last quarter. Insiders own 4.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on RBA shares. Royal Bank Of Canada set a $125.00 target price on shares of RB Global and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. National Bank Financial downgraded shares of RB Global from a "strong-buy" rating to a "hold" rating in a research report on Sunday, May 25th. CIBC increased their target price on shares of RB Global from $118.00 to $121.00 and gave the company an "outperformer" rating in a research report on Friday. Raymond James Financial raised 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. Finally, National Bankshares reduced their price objective 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $116.21.

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.