RB Global, Inc. (NYSE:RBA) Shares Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. boosted its stake in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 25.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 16,714 shares of the business services provider's stock after acquiring an additional 3,405 shares during the quarter. Benjamin Edwards Inc.'s holdings in RB Global were worth $1,508,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RBA. BNP Paribas Financial Markets acquired a new stake in RB Global during the 4th quarter worth $1,578,000. Ancora Advisors LLC lifted its stake in RB Global by 57.4% in the 4th quarter. Ancora Advisors LLC now owns 903,385 shares of the business services provider's stock worth $81,494,000 after purchasing an additional 329,477 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of RB Global by 32.0% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 581,701 shares of the business services provider's stock worth $52,475,000 after purchasing an additional 140,972 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its position in shares of RB Global by 22.5% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 160,090 shares of the business services provider's stock valued at $14,442,000 after purchasing an additional 29,415 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of RB Global by 13.3% in the fourth quarter. Northern Trust Corp now owns 1,399,401 shares of the business services provider's stock valued at $126,240,000 after purchasing an additional 163,820 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. BMO Capital Markets upped their target price on RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Royal Bank of Canada raised their price objective on shares of RB Global from $107.00 to $116.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. CIBC increased their price target on shares of RB Global from $116.00 to $118.00 and gave the company an "outperformer" rating in a research note on Friday. National Bankshares reduced their price target 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. Finally, Raymond James increased their price objective on RB Global from $118.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $114.50.

RB Global Trading Down 0.0%

NYSE RBA traded down $0.02 on Tuesday, reaching $104.15. The stock had a trading volume of 195,865 shares, compared to its average volume of 1,105,399. RB Global, Inc. has a 12-month low of $70.27 and a 12-month high of $107.99. The stock has a fifty day moving average price of $98.41 and a two-hundred day moving average price of $95.06. The firm has a market capitalization of $19.28 billion, a price-to-earnings ratio of 51.82, 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.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last issued its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the prior year, the company earned $0.90 earnings per share. The business's quarterly revenue was up 4.1% on a year-over-year basis. As a group, sell-side analysts forecast that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

RB Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, May 29th. RB Global's dividend payout ratio is currently 57.14%.

Insider Activity

In other news, CEO James Francis Kessler sold 15,700 shares of the business'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 transaction 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. The trade was a 12.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO James J. Jeter sold 600 shares of RB Global stock in a transaction on Friday, March 21st. The stock was sold at an average price of $98.63, for a total transaction of $59,178.00. Following the sale, the executive now owns 19,667 shares in the company, valued at $1,939,756.21. This represents a 2.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,897 shares of company stock worth $2,338,161. 4.32% of the stock is currently owned by company insiders.

RB Global 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.