RB Global, Inc. (NYSE:RBA) Shares Sold by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. reduced its holdings in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 17.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,035 shares of the business services provider's stock after selling 14,562 shares during the period. Desjardins Global Asset Management Inc.'s holdings in RB Global were worth $4,484,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mariner LLC boosted its stake in shares of RB Global by 3.6% during the third quarter. Mariner LLC now owns 27,567 shares of the business services provider's stock valued at $1,723,000 after purchasing an additional 946 shares during the period. Triasima Portfolio Management inc. boosted its stake in shares of RB Global by 1,152.4% during the fourth quarter. Triasima Portfolio Management inc. now owns 193,118 shares of the business services provider's stock valued at $12,947,000 after purchasing an additional 177,698 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of RB Global by 10.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 10,320,114 shares of the business services provider's stock valued at $645,007,000 after purchasing an additional 977,171 shares during the period. FMR LLC boosted its stake in shares of RB Global by 49.2% during the third quarter. FMR LLC now owns 42,443 shares of the business services provider's stock valued at $2,656,000 after purchasing an additional 13,987 shares during the period. Finally, Pathstone Family Office LLC purchased a new stake in RB Global in the third quarter worth $226,000. 95.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Scotiabank raised their price target on RB Global from $76.00 to $88.00 and gave the stock a "sector outperform" rating in a research note on Monday, February 26th. Raymond James raised their price target on RB Global from $78.00 to $90.00 and gave the stock an "outperform" rating in a research note on Monday, February 26th. StockNews.com raised RB Global from a "sell" rating to a "hold" rating in a research note on Friday, February 9th. Finally, Royal Bank of Canada raised their price target on RB Global from $75.00 to $93.00 and gave the stock an "outperform" rating in a research note on Monday, February 26th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $82.80.

RB Global Stock Up 0.3 %

Shares of RBA stock traded up $0.25 during mid-day trading on Tuesday, reaching $73.33. 581,355 shares of the company's stock traded hands, compared to its average volume of 837,839. RB Global, Inc. has a 12 month low of $51.07 and a 12 month high of $77.99. The company has a market cap of $13.40 billion, a P/E ratio of 86.26, a P/E/G ratio of 5.55 and a beta of 0.87. The company has a quick ratio of 1.23, a current ratio of 1.35 and a debt-to-equity ratio of 0.61. The company's 50-day moving average price is $73.82 and its 200-day moving average price is $67.67.

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

RB Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Thursday, February 8th. RB Global's dividend payout ratio (DPR) is 127.06%.

Insiders Place Their Bets

In other news, CRO James J. Jeter sold 11,416 shares of the company's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $76.32, for a total transaction of $871,269.12. Following the completion of the sale, the executive now owns 30,915 shares of the company's stock, valued at approximately $2,359,432.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Darren Jeffrey Watt sold 2,300 shares of the business's stock in a transaction that occurred on Friday, March 1st. The stock was 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 directly owns 21,103 shares in the company, valued at approximately $1,624,297.91. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CRO James J. Jeter sold 11,416 shares of the business's stock in a transaction that occurred on 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 owns 30,915 shares of the company's stock, valued at $2,359,432.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,816 shares of company stock valued at $1,133,055. 4.10% of the stock is owned by insiders.

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.