Beutel Goodman & Co Ltd. lessened its holdings in RB Global, Inc. (NYSE:RBA – Free Report) (TSE:RBA) by 8.1% in the third quarter, Holdings Channel reports. The institutional investor owned 1,369,952 shares of the business services provider’s stock after selling 121,485 shares during the period. Beutel Goodman & Co Ltd.’s holdings in RB Global were worth $111,844,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in RB Global in the 2nd quarter valued at approximately $1,816,059,000. Jupiter Topco LLC bought a new position in shares of RB Global during the second quarter valued at $514,871,000. Lazard Asset Management LLC bought a new position in shares of RB Global during the first quarter valued at $210,091,000. Wellington Management Group LLP acquired a new position in shares of RB Global during the second quarter worth $201,813,000. Finally, Caisse de depot et placement du Quebec acquired a new position in shares of RB Global during the second quarter worth $183,651,000. 95.37% of the stock is currently owned by institutional investors and hedge funds.
Key RB Global News
Here are the key news stories impacting RB Global this week:
- Positive Sentiment: Third-quarter results beat expectations. RB Global posted adjusted earnings of $1.03 per share, versus analysts’ $0.99 estimate and $0.93 a year earlier. Revenue of $1.27 billion also exceeded the $1.17 billion consensus, signaling stronger-than-expected growth. Zacks: RB Global Q3 Earnings and Revenues Surpass Estimates
- Positive Sentiment: 2026 growth outlook points to continued momentum. The company outlined 14%–15% gross transaction value growth for 2026 and highlighted its one-marketplace rollout as a focus, suggesting expectations for further expansion. Seeking Alpha: RB Global outlines 2026 GTV growth
- Positive Sentiment: Quarterly dividend declared. RB Global announced a $0.33-per-share dividend, equivalent to $1.32 annually and a stated yield of 1.4%. Shareholders of record November 25 are scheduled to be paid December 17.
- Neutral Sentiment: The company characterized its third-quarter performance as reflecting marketplace strength and execution, but the supplied coverage provides limited additional detail on the factors behind the results. RB Global: Third Quarter 2026 Results
Insider Buying and Selling at RB Global
In other news, Director Chloe Harford bought 1,200 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were acquired at an average price of $83.74 per share, for a total transaction of $100,488.00. Following the completion of the acquisition, the director directly owned 1,200 shares in the company, valued at approximately $100,488. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Deborah Stein bought 500 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The stock was purchased at an average price of $80.91 per share, for a total transaction of $40,455.00. Following the acquisition, the director owned 2,325 shares of the company’s stock, valued at $188,115.75. This trade represents a 27.40% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.57% of the company’s stock.
RB Global Stock Performance
NYSE:RBA opened at $96.04 on Tuesday. The company has a market capitalization of $17.41 billion, a PE ratio of 27.09, a P/E/G ratio of 1.62 and a beta of 0.48. The company has a 50 day simple moving average of $84.94 and a two-hundred day simple moving average of $99.31. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.22 and a current ratio of 1.31. RB Global, Inc. has a fifty-two week low of $78.05 and a fifty-two week high of $119.33.
RB Global (NYSE:RBA – Get Free Report) (TSE:RBA) last released its quarterly earnings results on Monday, November 9th. The business services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.04. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.17 billion. RB Global had a net margin of 9.99% and a return on equity of 12.37%. Research analysts anticipate that RB Global, Inc. will post 4.06 earnings per share for the current year.
RB Global declared that its board has authorized a stock buyback program on Tuesday, September 15th that allows the company to repurchase $500 million in shares. This repurchase authorization allows the business services provider to reacquire up to 3.3% of its stock through open market purchases. Share repurchase programs are often an indication that the company’s board believes its stock is undervalued.
RB Global Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Wednesday, November 25th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, November 25th. This represents a $1.32 annualized dividend and a dividend yield of 1.4%. RB Global’s dividend payout ratio is 56.65%.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on RBA. Weiss Ratings cut shares of RB Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, September 18th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of RB Global in a research report on Wednesday, August 5th. Barclays cut their target price on RB Global from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Tuesday, October 6th. Wall Street Zen downgraded RB Global from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $152.00 price target on shares of RB Global in a research report on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $128.33.
Read Our Latest Report on RB Global
RB Global Profile
RB Global operates a global marketplace for commercial assets and vehicles, connecting sellers with buyers through live auctions, online platforms and other sales channels. Its offerings include asset marketing and disposition services, along with support such as inspections and transaction services.
The company serves businesses, governments and other organizations across industries including construction, transportation, agriculture, mining and energy. Through its IAA business, it also facilitates sales of salvage and used vehicles to buyers such as licensed dealers and vehicle rebuilders.
RB Global traces its roots to Ritchie Bros.
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