RB Global, Inc. $RBA Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lessened its stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 4.3% during the third quarter, HoldingsChannel.com reports. The firm owned 326,526 shares of the business services provider’s stock after selling 14,553 shares during the period. ProShare Advisors LLC’s holdings in RB Global were worth $35,382,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in RB Global in the second quarter worth about $255,798,000. JARISLOWSKY FRASER Ltd bought a new position in RB Global during the 3rd quarter worth approximately $195,640,000. Massachusetts Financial Services Co. MA grew its position in shares of RB Global by 7.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,726,926 shares of the business services provider’s stock worth $1,162,370,000 after acquiring an additional 705,423 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in shares of RB Global by 10.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 7,215,414 shares of the business services provider’s stock valued at $781,862,000 after acquiring an additional 672,450 shares during the last quarter. Finally, TD Asset Management Inc raised its position in shares of RB Global by 85.1% during the 2nd quarter. TD Asset Management Inc now owns 938,902 shares of the business services provider’s stock valued at $99,546,000 after acquiring an additional 431,649 shares in the last quarter. Institutional investors own 95.37% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Raymond James Financial lifted their price objective on shares of RB Global from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Bank of America decreased their price target on shares of RB Global from $120.00 to $114.00 and set a “buy” rating for the company in a report on Friday, November 7th. Wall Street Zen lowered shares of RB Global from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. National Bank Financial raised shares of RB Global from a “sector perform” rating to an “outperform” rating and set a $124.00 target price on the stock in a report on Monday, November 24th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of RB Global in a report on Thursday, January 22nd. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.13.

RB Global Trading Up 0.2%

Shares of NYSE:RBA opened at $117.91 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average price is $108.22 and its 200 day moving average price is $107.84. The company has a market cap of $21.92 billion, a PE ratio of 56.42, a P/E/G ratio of 2.21 and a beta of 0.54. RB Global, Inc. has a fifty-two week low of $87.87 and a fifty-two week high of $119.58.

RB Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 9th will be given a dividend of $0.31 per share. The ex-dividend date is Monday, February 9th. This represents a $1.24 annualized dividend and a dividend yield of 1.1%. RB Global’s payout ratio is currently 59.33%.

Insider Buying and Selling

In related news, CEO James Francis Kessler sold 20,742 shares of the stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $115.00, for a total value of $2,385,330.00. Following the completion of the transaction, the chief executive officer directly owned 107,569 shares of the company’s stock, valued at $12,370,435. This represents a 16.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Deborah Stein bought 1,000 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were acquired at an average cost of $101.26 per share, for a total transaction of $101,260.00. Following the purchase, the director directly owned 1,000 shares in the company, valued at $101,260. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.28% of the company’s stock.

About RB Global

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.