RB Global, Inc. (NYSE:RBA) Shares Acquired by Seeds Investor LLC

Seeds Investor LLC increased its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 32.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,590 shares of the business services provider’s stock after acquiring an additional 1,112 shares during the quarter. Seeds Investor LLC’s holdings in RB Global were worth $414,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sterling Capital Management LLC grew its position in shares of RB Global by 55.5% in the fourth quarter. Sterling Capital Management LLC now owns 10,853 shares of the business services provider’s stock valued at $979,000 after purchasing an additional 3,873 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in RB Global by 18.4% in the 4th quarter. Treasurer of the State of North Carolina now owns 94,755 shares of the business services provider’s stock valued at $8,548,000 after buying an additional 14,740 shares in the last quarter. Scotia Capital Inc. increased its stake in shares of RB Global by 7.6% in the 4th quarter. Scotia Capital Inc. now owns 63,776 shares of the business services provider’s stock worth $5,663,000 after acquiring an additional 4,516 shares during the last quarter. APG Asset Management N.V. purchased a new position in shares of RB Global during the 4th quarter worth $8,747,000. Finally, Bank of Nova Scotia raised its holdings in shares of RB Global by 0.6% during the 4th quarter. Bank of Nova Scotia now owns 266,819 shares of the business services provider’s stock worth $24,078,000 after acquiring an additional 1,552 shares during the period. Hedge funds and other institutional investors own 95.37% of the company’s stock.

RB Global Price Performance

RBA opened at $97.04 on Friday. The firm has a market cap of $17.93 billion, a price-to-earnings ratio of 48.28, a PEG ratio of 4.95 and a beta of 0.90. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The stock’s 50-day moving average price is $97.69 and its 200 day moving average price is $92.30. RB Global, Inc. has a 12-month low of $69.83 and a 12-month high of $106.90.

RB Global (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.58 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.23). The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.06 billion. RB Global had a net margin of 9.64% and a return on equity of 8.00%. During the same period in the previous year, the business posted $0.82 EPS. As a group, sell-side analysts expect that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a $0.29 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.20%. RB Global’s dividend payout ratio (DPR) is 57.71%.

Analyst Ratings Changes

RBA has been the subject of several recent analyst reports. National Bankshares cut their price objective on shares of RB Global from $118.00 to $115.00 and set an “outperform” rating for the company in a research report on Wednesday. CIBC reduced their price target on shares of RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a research report on Monday, February 3rd. Royal Bank of Canada upped their price objective on RB Global from $107.00 to $116.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. StockNews.com cut RB Global from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Finally, BMO Capital Markets upped their price target on RB Global from $116.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, RB Global currently has an average rating of “Moderate Buy” and a consensus target price of $108.56.

Insider Transactions at RB Global

In related news, CRO James J. Jeter sold 7,597 shares of the company’s stock in a transaction that occurred 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 represents a 27.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Francis Kessler sold 15,700 shares of RB Global stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $97.81, for a total transaction of $1,535,617.00. Following the completion of the transaction, the chief executive officer now owns 107,569 shares of the company’s stock, valued at $10,521,323.89. This represents a 12.74 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,897 shares of company stock valued at $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.