Yousif Capital Management LLC Has $6.45 Million Holdings in RB Global, Inc. (NYSE:RBA)

Yousif Capital Management LLC cut its holdings in 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 (SEC). The institutional investor owned 64,311 shares of the business services provider's stock after selling 3,884 shares during the quarter. Yousif Capital Management LLC's holdings in RB Global were worth $6,450,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Stephens Inc. AR grew its stake in RB Global by 26.6% in the 4th quarter. Stephens Inc. AR now owns 4,097 shares of the business services provider's stock valued at $370,000 after acquiring an additional 860 shares during the last quarter. Summit Trail Advisors LLC lifted its holdings in shares of RB Global by 4.6% in the fourth quarter. Summit Trail Advisors LLC now owns 3,089 shares of the business services provider's stock valued at $279,000 after purchasing an additional 137 shares in the last quarter. Values First Advisors Inc. acquired a new stake in shares of RB Global in the fourth quarter valued at approximately $582,000. Fiera Capital Corp increased its stake in shares of RB Global by 4.1% during the 4th quarter. Fiera Capital Corp now owns 3,216,507 shares of the business services provider's stock worth $290,000,000 after purchasing an additional 125,275 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its position in shares of RB Global by 9.8% during the 4th quarter. Vontobel Holding Ltd. now owns 8,451,146 shares of the business services provider's stock worth $762,378,000 after purchasing an additional 753,700 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company's stock.

Insider Activity

In related news, CEO James Francis Kessler sold 15,700 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $97.81, for a total value of $1,535,617.00. Following the completion of the sale, the chief executive officer now owns 107,569 shares in the company, valued at approximately $10,521,323.89. This represents a 12.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO James J. Jeter sold 2,000 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $106.96, for a total value of $213,920.00. Following the completion of the sale, the executive now directly owns 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,972 shares of company stock valued at $4,345,510. 4.32% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on RBA shares. CIBC upped their price objective on RB Global from $116.00 to $118.00 and gave the company an "outperformer" rating in a research report on Friday, May 9th. National Bankshares lowered their price target on shares of RB Global from $118.00 to $115.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. National Bank Financial downgraded shares of RB Global from a "strong-buy" rating to a "hold" rating in a research note on Sunday, May 25th. BMO Capital Markets lifted their target price on shares of RB Global from $116.00 to $120.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Finally, Robert W. Baird boosted their price target on RB Global from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.50.

RB Global Stock Down 0.7%

Shares of RBA traded down $0.77 during midday trading on Friday, reaching $106.56. 412,366 shares of the company were exchanged, compared to its average volume of 1,102,260. The company has a market cap of $19.73 billion, a price-to-earnings ratio of 53.02, a P/E/G ratio of 4.95 and a beta of 0.78. RB Global, Inc. has a 1-year low of $70.38 and a 1-year high of $109.25. The stock has a 50-day moving average price of $102.13 and a 200-day moving average price of $97.47. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50.

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. RB Global had a net margin of 9.64% and a return on equity of 8.00%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the business earned $0.90 EPS. The business's revenue was up 4.1% on a year-over-year basis. Research analysts expect that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Dividend Announcement

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