Strs Ohio Sells 59,537 Shares of RB Global, Inc. $RBA

Strs Ohio decreased its position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 91.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,386 shares of the business services provider’s stock after selling 59,537 shares during the quarter. Strs Ohio’s holdings in RB Global were worth $554,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Central Pacific Bank Trust Division boosted its stake in RB Global by 41.8% in the 4th quarter. Central Pacific Bank Trust Division now owns 363 shares of the business services provider’s stock worth $37,000 after purchasing an additional 107 shares in the last quarter. Spire Wealth Management lifted its stake in RB Global by 1,090.6% during the 3rd quarter. Spire Wealth Management now owns 381 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 349 shares during the period. State of Wyoming bought a new position in RB Global during the 2nd quarter valued at about $46,000. Geneos Wealth Management Inc. lifted its stake in RB Global by 21.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 540 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 97 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in RB Global by 53.1% during the 1st quarter. NewEdge Advisors LLC now owns 588 shares of the business services provider’s stock valued at $59,000 after acquiring an additional 204 shares during the period. Institutional investors own 95.37% of the company’s stock.

Analyst Ratings Changes

RBA has been the topic of several research analyst reports. Stephens restated an “equal weight” rating and set a $96.00 target price on shares of RB Global in a research note on Tuesday, May 5th. BMO Capital Markets restated an “outperform” rating and set a $135.00 target price (up from $130.00) on shares of RB Global in a research note on Tuesday. Weiss Ratings upgraded shares of RB Global from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 26th. Raymond James Financial upped their target price on shares of RB Global from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Finally, Royal Bank Of Canada upped their target price on shares of RB Global from $146.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, RB Global currently has an average rating of “Moderate Buy” and an average price target of $126.43.

Insider Activity at RB Global

In other RB Global news, Director Deborah Stein purchased 400 shares of RB Global stock in a transaction dated Wednesday, March 18th. The stock was purchased at an average price of $98.74 per share, with a total value of $39,496.00. Following the transaction, the director directly owned 1,400 shares of the company’s stock, valued at $138,236. This trade represents a 40.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.57% of the stock is owned by insiders.

RB Global Price Performance

NYSE RBA opened at $103.18 on Friday. RB Global, Inc. has a 52 week low of $93.58 and a 52 week high of $119.58. The firm has a market capitalization of $19.18 billion, a P/E ratio of 47.99, a PEG ratio of 1.67 and a beta of 0.57. The company has a quick ratio of 1.02, a current ratio of 1.14 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average price of $101.15 and a 200-day moving average price of $103.49.

RB Global (NYSE:RBA) (TSE:RBA) last released its quarterly earnings results on Monday, May 4th. The business services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.97 by $0.04. RB Global had a net margin of 9.55% and a return on equity of 12.33%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. Equities research analysts anticipate that RB Global, Inc. will post 4.04 earnings per share for the current year.

RB Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Wednesday, May 27th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. RB Global’s dividend payout ratio is presently 57.67%.

RB Global Company 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.