UniSuper Management Pty Ltd Sells 900 Shares of RB Global, Inc. (NYSE:RBA)

UniSuper Management Pty Ltd trimmed its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 20.5% during the fourth quarter, HoldingsChannel reports. The fund owned 3,500 shares of the business services provider’s stock after selling 900 shares during the quarter. UniSuper Management Pty Ltd’s holdings in RB Global were worth $316,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WINTON GROUP Ltd bought a new stake in shares of RB Global in the fourth quarter worth $484,000. Korea Investment CORP grew its position in shares of RB Global by 90.3% in the 4th quarter. Korea Investment CORP now owns 99,702 shares of the business services provider’s stock valued at $8,994,000 after buying an additional 47,300 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of RB Global in the fourth quarter valued at about $59,000. Modern Wealth Management LLC bought a new position in shares of RB Global during the fourth quarter worth about $258,000. Finally, Vanguard Group Inc. lifted its stake in shares of RB Global by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 24,916,629 shares of the business services provider’s stock worth $2,248,060,000 after acquiring an additional 358,752 shares during the period. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other RB Global news, CRO James J. Jeter sold 600 shares of RB Global stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $98.63, for a total value of $59,178.00. Following the sale, the executive now owns 19,667 shares of the company’s stock, valued at approximately $1,939,756.21. The trade was a 2.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO James Francis Kessler sold 15,700 shares of the 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 of the company’s stock, valued at $10,521,323.89. This 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 worth $2,338,161. 4.32% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

RBA has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their price target 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 cut 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. StockNews.com lowered RB Global from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Robert W. Baird upped their target price on RB Global from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Finally, Raymond James increased their price target on RB Global from $110.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, RB Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.64.

RB Global Price Performance

RBA opened at $100.53 on Tuesday. RB Global, Inc. has a 1 year low of $69.83 and a 1 year high of $106.90. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17. The company has a market capitalization of $18.57 billion, a price-to-earnings ratio of 50.01, a P/E/G ratio of 4.95 and a beta of 0.94. The firm’s fifty day moving average price is $96.61 and its two-hundred day moving average price is $91.59.

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

RB Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Friday, February 14th. RB Global’s payout ratio is 57.71%.

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.