Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 113 Shares of RB Global, Inc. (NYSE:RBA)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 0.3% in the fourth quarter, Holdings Channel reports. The firm owned 40,729 shares of the business services provider’s stock after acquiring an additional 113 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in RB Global were worth $3,674,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp increased its stake in RB Global by 49.4% during the 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 129 shares in the last quarter. Summit Trail Advisors LLC increased its stake in RB Global by 4.6% during the 4th quarter. Summit Trail Advisors LLC now owns 3,089 shares of the business services provider’s stock valued at $279,000 after purchasing an additional 137 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in RB Global by 25.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 706 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 143 shares in the last quarter. Versant Capital Management Inc increased its stake in RB Global by 136.4% during the 4th quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 176 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its stake in shares of RB Global by 4.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 3,762 shares of the business services provider’s stock worth $339,000 after acquiring an additional 176 shares during the period. 95.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling at RB Global

In other RB Global news, CEO James Francis Kessler sold 15,700 shares of RB Global 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 owns 107,569 shares of the company’s stock, valued at $10,521,323.89. The trade was a 12.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO James J. Jeter sold 7,597 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $97.85, for a total transaction of $743,366.45. Following the completion of the transaction, the executive now directly owns 20,267 shares in the company, valued at $1,983,125.95. This trade represents a 27.26 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.32% of the company’s stock.

RB Global Stock Performance

RBA opened at $99.14 on Monday. 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 company has a market cap of $18.32 billion, a price-to-earnings ratio of 49.33, a PEG ratio of 4.95 and a beta of 0.94. The company’s 50 day moving average is $95.35 and its 200 day moving average is $90.91. 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 issued 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). RB Global had a net margin of 9.64% and a return on equity of 8.00%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the firm earned $0.82 EPS. On average, equities research analysts predict that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Friday, February 14th. RB Global’s dividend payout ratio is currently 57.71%.

Analysts Set New Price Targets

RBA has been the subject of a number of research analyst reports. Robert W. Baird lifted their price target on shares of RB Global from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Royal Bank of Canada lifted their price target on shares of RB Global from $107.00 to $116.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Raymond James lifted their price target on shares of RB Global from $110.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. BMO Capital Markets lifted their price target on shares of RB Global from $116.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Finally, StockNews.com upgraded shares of RB Global from a “hold” rating to a “buy” rating in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, RB Global currently has an average rating of “Moderate Buy” and a consensus target price of $107.64.

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.