RB Global, Inc. (NYSE:RBA) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 35.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 439,101 shares of the business services provider's stock after acquiring an additional 116,106 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.24% of RB Global worth $39,611,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CoreCap Advisors LLC raised its holdings in RB Global by 74.5% in the 4th quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider's stock worth $25,000 after purchasing an additional 117 shares in the last quarter. Jones Financial Companies Lllp boosted its stake 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 last quarter. Proficio Capital Partners LLC bought a new stake in shares of RB Global in the 4th quarter worth $36,000. Whipplewood Advisors LLC purchased a new position in shares of RB Global in the fourth quarter worth $37,000. Finally, Geneos Wealth Management Inc. bought a new position in shares of RB Global during the fourth quarter valued at $40,000. 95.37% of the stock is owned by institutional investors.

RB Global Stock Up 1.1%

NYSE:RBA traded up $1.12 during trading hours on Friday, reaching $105.00. The company's stock had a trading volume of 404,894 shares, compared to its average volume of 1,129,493. RB Global, Inc. has a 12 month low of $70.27 and a 12 month high of $109.25. The stock has a 50 day moving average price of $100.58 and a two-hundred day moving average price of $96.67. The company has a market capitalization of $19.44 billion, a P/E ratio of 52.31, a price-to-earnings-growth ratio of 4.95 and a beta of 0.78. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.29.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last released its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.89 earnings per share for the quarter, meeting analysts' consensus estimates of $0.89. The business had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.02 billion. RB Global had a net margin of 9.64% and a return on equity of 8.00%. The company's revenue was up 4.1% compared to the same quarter last year. During the same period last year, the business earned $0.90 EPS. Equities analysts predict that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

RB Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Thursday, May 29th. RB Global's dividend payout ratio (DPR) is currently 57.14%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. National Bankshares decreased 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 note on Wednesday, April 9th. BMO Capital Markets boosted their price target on RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. CIBC boosted their target price 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. National Bank Financial cut RB Global from a "strong-buy" rating to a "hold" rating in a report on Sunday, May 25th. Finally, Robert W. Baird upped their price target on RB Global from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $114.50.

Insider Buying and Selling

In other news, 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 completion of the sale, the insider now directly owns 5,532 shares in the company, valued at $579,311.04. The trade was a 62.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James Francis Kessler sold 15,700 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $97.81, for a total transaction of $1,535,617.00. Following the transaction, the chief executive officer now owns 107,569 shares of the company's stock, valued at approximately $10,521,323.89. This trade represents a 12.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,472 shares of company stock valued at $3,867,745 over the last 90 days. Insiders own 4.32% of the company's stock.

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.