RB Global, Inc. (NYSE:RBA) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC reduced its position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,211 shares of the business services provider’s stock after selling 1,521 shares during the period. MetLife Investment Management LLC owned approximately 0.05% of RB Global worth $7,664,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in RB Global by 25.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 366,625 shares of the business services provider’s stock valued at $27,927,000 after buying an additional 74,809 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of RB Global during the 1st quarter valued at $235,000. Cetera Investment Advisers lifted its holdings in shares of RB Global by 1,177.0% during the 1st quarter. Cetera Investment Advisers now owns 43,572 shares of the business services provider’s stock valued at $3,319,000 after acquiring an additional 40,160 shares in the last quarter. Cetera Advisors LLC increased its holdings in RB Global by 24.5% in the 1st quarter. Cetera Advisors LLC now owns 7,488 shares of the business services provider’s stock valued at $570,000 after purchasing an additional 1,472 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in RB Global by 3.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 26,116 shares of the business services provider’s stock valued at $1,989,000 after purchasing an additional 761 shares in the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

RB Global Trading Up 0.1 %

NYSE RBA opened at $97.76 on Friday. The company has a market capitalization of $18.03 billion, a price-to-earnings ratio of 53.13, a price-to-earnings-growth ratio of 4.69 and a beta of 0.92. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.28 and a quick ratio of 1.17. RB Global, Inc. has a 12 month low of $60.84 and a 12 month high of $99.79. The company’s fifty day moving average price is $86.61 and its two-hundred day moving average price is $81.85.

RB Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be paid a $0.29 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $1.16 dividend on an annualized basis and a yield of 1.19%. RB Global’s dividend payout ratio (DPR) is 63.04%.

Insider Activity at RB Global

In related news, CEO James Francis Kessler sold 17,883 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $84.19, for a total transaction of $1,505,569.77. Following the transaction, the chief executive officer now directly owns 86,247 shares in the company, valued at $7,261,134.93. This trade represents a 17.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on RBA. Robert W. Baird upped their target price on RB Global from $86.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Bank of America upped their price target on RB Global from $79.00 to $92.50 and gave the stock a “neutral” rating in a report on Monday, August 26th. Raymond James lifted their price objective on shares of RB Global from $95.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Royal Bank of Canada upped their target price on shares of RB Global from $99.00 to $107.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, BMO Capital Markets raised their price target on shares of RB Global from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Monday, November 11th. 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, RB Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.36.

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.