RB Global, Inc. (NYSE:RBA) Shares Purchased by Sei Investments Co.

Sei Investments Co. grew its position in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 21.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 550,771 shares of the business services provider’s stock after acquiring an additional 98,462 shares during the quarter. Sei Investments Co. owned about 0.30% of RB Global worth $49,685,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of RBA. Central Pacific Bank Trust Division acquired a new position in RB Global during the 4th quarter valued at about $27,000. Versant Capital Management Inc raised its holdings in shares of RB Global by 136.4% during the fourth quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock valued at $28,000 after buying an additional 176 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of RB Global by 49.4% during the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider’s stock worth $35,000 after buying an additional 129 shares during the period. Whipplewood Advisors LLC bought a new position in RB Global in the 4th quarter worth approximately $37,000. Finally, Geneos Wealth Management Inc. acquired a new stake in RB Global in the 4th quarter valued at approximately $40,000. Institutional investors own 95.37% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on RBA. Robert W. Baird increased their price target on 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 increased their target price on shares of RB Global from $107.00 to $116.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Raymond James boosted their price target on shares of RB Global from $110.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. StockNews.com upgraded shares of RB Global from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. Finally, BMO Capital Markets raised their price objective on shares of RB Global from $116.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $107.64.

Insider Buying and Selling at RB Global

In other news, CEO James Francis Kessler sold 15,700 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $97.81, for a total value of $1,535,617.00. Following the completion of the sale, the chief executive officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO James J. Jeter sold 7,597 shares of the firm’s stock in a transaction 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 sale, the executive now directly owns 20,267 shares of the company’s stock, valued at approximately $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 Up 0.3 %

RBA stock opened at $99.14 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17. The firm has a market cap of $18.32 billion, a PE ratio of 49.33, a P/E/G ratio of 4.95 and a beta of 0.94. RB Global, Inc. has a 12 month low of $69.83 and a 12 month high of $106.90. The firm has a 50 day simple moving average of $95.35 and a 200 day simple moving average of $90.91.

RB Global (NYSE:RBA) (TSE:RBA) last released its quarterly earnings data 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). The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.06 billion. RB Global had a return on equity of 8.00% and a net margin of 9.64%. During the same period in the prior year, the business earned $0.82 earnings per share. Equities research analysts forecast that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 1.17%. RB Global’s payout ratio is presently 57.71%.

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.