RB Global, Inc. (NYSE:RBA) Shares Sold by EdgePoint Investment Group Inc.

EdgePoint Investment Group Inc. lowered its stake in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,170,072 shares of the business services provider's stock after selling 181,064 shares during the period. RB Global makes up approximately 5.8% of EdgePoint Investment Group Inc.'s portfolio, making the stock its 5th biggest holding. EdgePoint Investment Group Inc. owned about 4.42% of RB Global worth $736,458,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. CoreCap Advisors LLC grew its stake in shares of RB Global by 74.5% during the 4th quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider's stock worth $25,000 after purchasing an additional 117 shares during the period. Jones Financial Companies Lllp grew its stake in shares of RB Global by 49.4% during the 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock worth $35,000 after purchasing an additional 129 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of RB Global during the 4th quarter worth $36,000. Whipplewood Advisors LLC acquired a new position in shares of RB Global during the 4th quarter worth $37,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of RB Global during the 4th quarter worth $40,000. Hedge funds and other institutional investors own 95.37% of the company's stock.

RB Global Price Performance

NYSE RBA traded up $1.10 during trading hours on Friday, reaching $105.91. The company's stock had a trading volume of 1,582,500 shares, compared to its average volume of 1,108,085. The stock has a market cap of $19.61 billion, a PE ratio of 52.69, a PEG ratio of 4.95 and a beta of 0.78. RB Global, Inc. has a fifty-two week low of $70.27 and a fifty-two week high of $106.90. The company's 50-day moving average is $98.33 and its two-hundred day moving average is $94.93. 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 issued its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.89 EPS for the quarter, hitting analysts' consensus estimates of $0.89. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. RB Global had a net margin of 9.64% and a return on equity of 8.00%. The company's quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.90 earnings per share. Analysts forecast that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Announces Dividend

The company 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 is Thursday, May 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.10%. RB Global's dividend payout ratio (DPR) is presently 57.14%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RBA. BMO Capital Markets upped their price target 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. National Bankshares lowered their target price on RB Global from $118.00 to $115.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Raymond James upped their target price on RB Global from $118.00 to $125.00 and gave the company an "outperform" rating in a report on Thursday. StockNews.com raised shares of RB Global from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Royal Bank of Canada increased their price objective on shares of RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $114.50.

Insider Buying and Selling

In other RB Global news, CRO James J. Jeter sold 600 shares of RB Global stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $98.63, for a total transaction of $59,178.00. Following the transaction, the executive now directly owns 19,667 shares of the company's stock, valued at $1,939,756.21. The trade was a 2.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO James Francis Kessler sold 15,700 shares of RB Global 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 transaction, the chief executive officer now directly owns 107,569 shares in the company, valued at approximately $10,521,323.89. This trade represents a 12.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,897 shares of company stock valued at $2,338,161. Insiders own 4.32% of the company's stock.

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.