Jefferies Financial Group Inc. Sells 23,901 Shares of RB Global, Inc. (NYSE:RBA)

Jefferies Financial Group Inc. lowered its stake in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 45.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,204 shares of the business services provider's stock after selling 23,901 shares during the quarter. Jefferies Financial Group Inc.'s holdings in RB Global were worth $2,544,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of RBA. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in RB Global by 0.3% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,729 shares of the business services provider's stock worth $3,674,000 after purchasing an additional 113 shares in the last quarter. CoreCap Advisors LLC grew its position in shares of RB Global by 74.5% during the fourth quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider's stock worth $25,000 after buying an additional 117 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of RB Global by 49.4% during the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock worth $35,000 after buying an additional 129 shares in the last quarter. Summit Trail Advisors LLC boosted its holdings in 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 worth $279,000 after purchasing an additional 137 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in RB Global by 25.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 706 shares of the business services provider's stock worth $64,000 after purchasing an additional 143 shares during the period. Institutional investors and hedge funds own 95.37% of the company's stock.

Insider Transactions at RB Global

In related news, CEO James Francis Kessler sold 15,700 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $97.81, for a total value of $1,535,617.00. Following the completion of the transaction, the chief executive officer now directly owns 107,569 shares in the company, valued at approximately $10,521,323.89. This represents a 12.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO James J. Jeter sold 2,000 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $106.96, for a total value of $213,920.00. Following the completion of the transaction, the executive now owns 14,167 shares of the company's stock, valued at $1,515,302.32. The trade was a 12.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,472 shares of company stock worth $3,867,745 over the last three months. 4.32% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RBA. StockNews.com upgraded RB Global from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. National Bankshares reduced their price objective 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. BMO Capital Markets boosted their price target on shares of RB Global from $116.00 to $120.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Raymond James boosted their price objective on RB Global from $118.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Finally, Royal Bank of Canada boosted their price objective on RB Global from $107.00 to $116.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $114.50.

RB Global Stock Up 1.3%

Shares of NYSE RBA traded up $1.35 during trading hours on Friday, hitting $108.24. The stock had a trading volume of 1,145,126 shares, compared to its average volume of 1,111,503. The company has a market capitalization of $20.04 billion, a P/E ratio of 53.85, a P/E/G ratio of 4.95 and a beta of 0.78. The firm's 50-day moving average price is $98.94 and its two-hundred day moving average price is $95.50. RB Global, Inc. has a 52 week low of $70.27 and a 52 week high of $108.30. 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 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. RB Global had a return on equity of 8.00% and a net margin of 9.64%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the company earned $0.90 EPS. The company's revenue for the quarter was up 4.1% on a year-over-year basis. Analysts anticipate that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

RB Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.07%. RB Global's dividend payout ratio (DPR) 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.