RB Global, Inc. (NYSE:RBA) Holdings Decreased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. reduced its stake in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 45.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of RBA. CoreCap Advisors LLC raised its stake 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 valued at $25,000 after purchasing an additional 117 shares in the last quarter. Jones Financial Companies Lllp lifted its position in RB Global by 49.4% in the fourth 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 stake in RB Global in the fourth quarter worth approximately $36,000. Whipplewood Advisors LLC acquired a new stake in RB Global in the fourth quarter worth approximately $37,000. Finally, Geneos Wealth Management Inc. acquired a new stake in RB Global in the fourth quarter worth approximately $40,000. 95.37% of the stock is currently owned by institutional investors.

RB Global Price Performance

NYSE RBA opened at $104.76 on Wednesday. The stock has a market capitalization of $19.40 billion, a P/E ratio of 52.12, a P/E/G ratio of 4.95 and a beta of 0.78. RB Global, Inc. has a 1 year low of $70.27 and a 1 year high of $107.99. The business’s fifty day moving average is $98.52 and its two-hundred day moving average is $95.13. 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) (TSE:RBA) last posted its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.89. RB Global had a return on equity of 8.00% and a net margin of 9.64%. The company 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 firm’s revenue was up 4.1% on a year-over-year basis. On average, research analysts forecast that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, May 29th. RB Global’s dividend payout ratio (DPR) is currently 57.14%.

Insider Buying and Selling at RB Global

In other RB Global news, CEO James Francis Kessler sold 15,700 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 107,569 shares of the company’s stock, valued at $10,521,323.89. The trade was a 12.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO James J. Jeter sold 7,597 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $97.85, for a total transaction of $743,366.45. Following the sale, the executive now directly owns 20,267 shares in the company, valued at approximately $1,983,125.95. This trade represents a 27.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,397 shares of company stock valued at $2,703,491 in the last three months. 4.32% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. StockNews.com upgraded RB Global from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Royal Bank of Canada upped their target price on RB Global from $107.00 to $116.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. BMO Capital Markets upped their target price on RB Global from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Robert W. Baird upped their target price on RB Global from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. Finally, CIBC upped their target price on RB Global from $116.00 to $118.00 and gave the stock an “outperformer” rating in a research report on Friday, May 9th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $114.50.

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.