5,360 Shares in RB Global, Inc. (NYSE:RBA) Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd bought a new stake in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,360 shares of the business services provider’s stock, valued at approximately $484,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Central Pacific Bank Trust Division acquired a new position in shares of RB Global during the fourth quarter valued at approximately $27,000. Versant Capital Management Inc increased its position in shares of 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 during the period. Jones Financial Companies Lllp increased its position in shares of 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 during the period. Proficio Capital Partners LLC bought a new stake in shares of RB Global in the 4th quarter worth $36,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of RB Global in the fourth quarter valued at $37,000. Institutional investors own 95.37% of the company’s stock.

RB Global Stock Down 2.4 %

NYSE RBA opened at $97.90 on Monday. The stock’s 50 day simple moving average is $96.38 and its 200 day simple moving average is $91.48. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17. RB Global, Inc. has a one year low of $69.83 and a one year high of $106.90. The firm has a market cap of $18.09 billion, a PE ratio of 48.70, a price-to-earnings-growth ratio of 4.95 and a beta of 0.94.

RB Global (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the business posted $0.82 earnings per share. As a group, sell-side analysts forecast that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Friday, February 14th. RB Global’s dividend payout ratio is currently 57.71%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. StockNews.com cut shares of RB Global from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. 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 report on Wednesday, February 19th. Raymond James increased their price objective on RB Global from $110.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. CIBC reduced their price objective on RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a research note on Monday, February 3rd. Finally, BMO Capital Markets boosted their target price on RB Global from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $107.64.

Insider Buying and Selling at RB Global

In related news, CRO James J. Jeter sold 7,597 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $97.85, for a total value of $743,366.45. Following the completion of the transaction, the executive now directly owns 20,267 shares in the company, valued at approximately $1,983,125.95. The trade was a 27.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James Francis Kessler sold 15,700 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 107,569 shares in the company, 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 90 days, insiders sold 23,897 shares of company stock valued at $2,338,161. Corporate insiders own 4.32% of the company’s stock.

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.