Yousif Capital Management LLC Trims Holdings in RB Global, Inc. (NYSE:RBA)

Yousif Capital Management LLC lessened its holdings in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 5.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,311 shares of the business services provider's stock after selling 3,884 shares during the period. Yousif Capital Management LLC's holdings in RB Global were worth $6,450,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in shares of RB Global during the 4th quarter valued at $266,148,000. Norges Bank bought a new position in shares of RB Global during the 4th quarter worth about $209,931,000. FMR LLC increased its stake in RB Global by 137.5% in the fourth quarter. FMR LLC now owns 2,804,404 shares of the business services provider's stock valued at $252,985,000 after acquiring an additional 1,623,429 shares during the period. Vontobel Holding Ltd. increased its stake in RB Global by 9.8% in the fourth quarter. Vontobel Holding Ltd. now owns 8,451,146 shares of the business services provider's stock valued at $762,378,000 after acquiring an additional 753,700 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of RB Global during the fourth quarter worth approximately $39,080,000. Institutional investors and hedge funds own 95.37% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on RBA. BMO Capital Markets increased their price target on shares of RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. National Bankshares cut their price objective on shares of RB Global from $118.00 to $115.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Royal Bank of Canada lifted their price target on shares of RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Wall Street Zen downgraded shares of RB Global from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, CIBC upped their price target on shares of RB Global from $116.00 to $118.00 and gave the stock an "outperformer" rating in a report on Friday, May 9th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $114.50.

RB Global Stock Performance

NYSE RBA traded down $0.94 during trading hours on Friday, reaching $106.39. 817,155 shares of the company were exchanged, compared to its average volume of 1,098,080. The stock has a market capitalization of $19.70 billion, a P/E ratio of 52.93, a P/E/G ratio of 4.95 and a beta of 0.78. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.50. The business's 50 day simple moving average is $102.47 and its 200-day simple moving average is $97.52. RB Global, Inc. has a 1 year low of $70.38 and a 1 year high of $109.25.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last posted its earnings results on Wednesday, May 7th. The business services provider reported $0.89 earnings per share for the quarter, hitting the consensus estimate of $0.89. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company earned $0.90 earnings per share. On average, equities research analysts expect that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Thursday, May 29th. RB Global's dividend payout ratio (DPR) is presently 57.14%.

Insider Buying and Selling

In other RB Global news, insider Andrew John Fesler sold 9,075 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $104.72, for a total transaction of $950,334.00. Following the transaction, the insider now directly owns 5,532 shares of the company's stock, valued at approximately $579,311.04. The trade was a 62.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Adam Dewitt sold 800 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $106.17, for a total transaction of $84,936.00. Following the transaction, the director now directly owns 5,865 shares in the company, valued at approximately $622,687.05. The trade was a 12.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,972 shares of company stock valued at $4,345,510. Company insiders own 4.32% of the company's stock.

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.