Ceredex Value Advisors LLC Decreases Stake in RB Global, Inc. (NYSE:RBA)

Ceredex Value Advisors LLC decreased its position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 22.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 257,700 shares of the business services provider's stock after selling 74,550 shares during the period. Ceredex Value Advisors LLC owned approximately 0.14% of RB Global worth $17,238,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cary Street Partners Investment Advisory LLC acquired a new position in RB Global in the third quarter valued at $26,000. Headlands Technologies LLC bought a new stake in RB Global in the third quarter valued at $26,000. Cornerstone Planning Group LLC bought a new stake in RB Global in the second quarter valued at $45,000. Quilter Plc bought a new stake in RB Global in the first quarter valued at $587,759,000. Finally, WASHINGTON TRUST Co bought a new stake in RB Global in the third quarter valued at $56,000. Institutional investors and hedge funds own 95.37% of the company's stock.

RB Global Stock Down 0.1 %

Shares of NYSE:RBA traded down $0.09 during midday trading on Monday, hitting $74.60. 454,353 shares of the company's stock were exchanged, compared to its average volume of 859,855. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.35 and a quick ratio of 1.23. The stock has a 50 day moving average price of $72.75 and a 200-day moving average price of $67.21. The company has a market cap of $13.63 billion, a PE ratio of 87.76, a price-to-earnings-growth ratio of 5.68 and a beta of 0.87. RB Global, Inc. has a 12 month low of $51.07 and a 12 month high of $77.99.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last released its quarterly earnings results on Friday, February 23rd. The business services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.14. RB Global had a net margin of 5.61% and a return on equity of 4.19%. The business had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.04 billion. During the same period in the previous year, the company earned $0.40 earnings per share. The firm's revenue for the quarter was up 134.5% compared to the same quarter last year. On average, sell-side analysts anticipate that RB Global, Inc. will post 1.88 EPS for the current fiscal year.

RB Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Thursday, February 8th. RB Global's dividend payout ratio (DPR) is presently 127.06%.

Analysts Set New Price Targets

Several research firms have weighed in on RBA. StockNews.com raised shares of RB Global from a "sell" rating to a "hold" rating in a research note on Friday, February 9th. Scotiabank lifted their price target on shares of RB Global from $76.00 to $88.00 and gave the company a "sector outperform" rating in a research note on Monday, February 26th. Raymond James lifted their price target on shares of RB Global from $78.00 to $90.00 and gave the company an "outperform" rating in a research note on Monday, February 26th. Finally, Royal Bank of Canada boosted their target price on shares of RB Global from $75.00 to $93.00 and gave the stock an "outperform" rating in a research report on Monday, February 26th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $82.80.

Insider Buying and Selling

In related news, insider Darren Jeffrey Watt sold 2,300 shares of the business's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $76.97, for a total transaction of $177,031.00. Following the transaction, the insider now directly owns 21,103 shares in the company, valued at $1,624,297.91. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other RB Global news, CRO James J. Jeter sold 11,416 shares of the business's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $76.32, for a total value of $871,269.12. Following the transaction, the executive now directly owns 30,915 shares in the company, valued at $2,359,432.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Darren Jeffrey Watt sold 2,300 shares of the business's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $76.97, for a total transaction of $177,031.00. Following the completion of the transaction, the insider now owns 21,103 shares in the company, valued at $1,624,297.91. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,816 shares of company stock worth $1,133,055. 4.32% of the stock is owned by insiders.

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.