RB Global, Inc. $RBA Stock Holdings Decreased by Cooke & Bieler LP

Cooke & Bieler LP reduced its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 12.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,543,717 shares of the business services provider’s stock after selling 362,995 shares during the period. RB Global comprises 2.8% of Cooke & Bieler LP’s portfolio, making the stock its 5th biggest position. Cooke & Bieler LP owned about 1.37% of RB Global worth $275,637,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Spire Wealth Management lifted its position in shares of RB Global by 1,090.6% during the third quarter. Spire Wealth Management now owns 381 shares of the business services provider’s stock worth $41,000 after purchasing an additional 349 shares during the last quarter. State of Wyoming purchased a new position in RB Global in the 2nd quarter worth about $46,000. SouthState Corp lifted its holdings in RB Global by 75.6% during the 2nd quarter. SouthState Corp now owns 453 shares of the business services provider’s stock valued at $48,000 after buying an additional 195 shares in the last quarter. Whipplewood Advisors LLC lifted its holdings in RB Global by 42.9% during the 2nd quarter. Whipplewood Advisors LLC now owns 456 shares of the business services provider’s stock valued at $48,000 after buying an additional 137 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in RB Global by 21.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 540 shares of the business services provider’s stock valued at $54,000 after buying an additional 97 shares during the period. Institutional investors own 95.37% of the company’s stock.

Insider Buying and Selling at RB Global

In other RB Global news, Director Deborah Stein purchased 1,000 shares of RB Global stock in a transaction dated Thursday, November 13th. The shares were acquired at an average cost of $101.26 per share, with a total value of $101,260.00. Following the completion of the transaction, the director owned 1,000 shares in the company, valued at approximately $101,260. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO James Francis Kessler sold 20,742 shares of the firm’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $115.00, for a total value of $2,385,330.00. Following the completion of the sale, the chief executive officer directly owned 107,569 shares of the company’s stock, valued at $12,370,435. The trade was a 16.17% decrease in their position. The SEC filing for this sale provides additional information. 0.28% of the stock is currently owned by insiders.

RB Global Price Performance

RBA opened at $115.57 on Monday. The firm has a market capitalization of $21.48 billion, a PE ratio of 55.30, a price-to-earnings-growth ratio of 2.17 and a beta of 0.57. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.23 and a quick ratio of 1.15. The business’s 50-day moving average is $104.16 and its two-hundred day moving average is $107.29. RB Global, Inc. has a 1 year low of $86.68 and a 1 year high of $119.58.

RB Global (NYSE:RBA) (TSE:RBA) last released its quarterly earnings results on Thursday, November 6th. The business services provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.83 by $0.10. RB Global had a net margin of 9.65% and a return on equity of 9.66%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the firm posted $0.71 earnings per share. The company’s quarterly revenue was up 12.0% on a year-over-year basis. Research analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 9th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, February 9th. RB Global’s dividend payout ratio (DPR) is 59.33%.

Analysts Set New Price Targets

RBA has been the topic of a number of research reports. National Bankshares reduced their target price on shares of RB Global from $113.00 to $111.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 9th. Bank of America reduced their price objective on RB Global from $120.00 to $114.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of RB Global in a research report on Thursday. National Bank Financial raised RB Global from a “sector perform” rating to an “outperform” rating and set a $124.00 price target on the stock in a research report on Monday, November 24th. Finally, Wall Street Zen lowered RB Global from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $124.13.

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.