Running Oak Capital LLC Sells 9,741 Shares of RB Global, Inc. $RBA

Running Oak Capital LLC cut its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 6.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,319 shares of the business services provider’s stock after selling 9,741 shares during the period. RB Global makes up 1.9% of Running Oak Capital LLC’s portfolio, making the stock its 21st biggest position. Running Oak Capital LLC’s holdings in RB Global were worth $16,614,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of RB Global by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 25,205,500 shares of the business services provider’s stock valued at $2,676,926,000 after acquiring an additional 289,094 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in RB Global by 7.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 10,726,926 shares of the business services provider’s stock valued at $1,162,370,000 after purchasing an additional 705,423 shares during the period. Vontobel Holding Ltd. boosted its holdings in RB Global by 10.3% in the third quarter. Vontobel Holding Ltd. now owns 7,215,414 shares of the business services provider’s stock worth $781,862,000 after purchasing an additional 672,450 shares during the last quarter. Geode Capital Management LLC boosted its holdings in RB Global by 7.5% in the second quarter. Geode Capital Management LLC now owns 4,552,803 shares of the business services provider’s stock worth $482,383,000 after purchasing an additional 317,781 shares during the last quarter. Finally, Fiera Capital Corp grew its position in RB Global by 2.7% in the 2nd quarter. Fiera Capital Corp now owns 3,876,595 shares of the business services provider’s stock worth $411,586,000 after purchasing an additional 102,681 shares during the period. Hedge funds and other institutional investors own 95.37% of the company’s stock.

RB Global Price Performance

Shares of RB Global stock opened at $114.17 on Tuesday. The company has a market capitalization of $21.22 billion, a price-to-earnings ratio of 54.62, a PEG ratio of 2.13 and a beta of 0.54. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.46. The stock’s 50-day simple moving average is $106.38 and its 200-day simple moving average is $107.57. RB Global, Inc. has a 52 week low of $86.68 and a 52 week high of $119.58.

RB Global (NYSE:RBA) (TSE:RBA) last released its earnings results on Thursday, November 6th. The business services provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.10. RB Global had a return on equity of 9.66% and a net margin of 9.65%.The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the business posted $0.71 earnings per share. The firm’s revenue was up 12.0% on a year-over-year basis. As a group, analysts expect 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 will be paid on Monday, March 2nd. Stockholders of record on Monday, February 9th will be given a dividend of $0.31 per share. The ex-dividend date is Monday, February 9th. This represents a $1.24 annualized dividend and a dividend yield of 1.1%. RB Global’s dividend payout ratio (DPR) is presently 59.33%.

Insider Buying and Selling at RB Global

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of RB Global in a report on Thursday, January 22nd. National Bank Financial raised RB Global from a “sector perform” rating to an “outperform” rating and set a $124.00 price target for the company in a report on Monday, November 24th. Bank of America reduced their price target on RB Global from $120.00 to $114.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Raymond James Financial lifted their price objective on RB Global from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Finally, National Bankshares cut their price objective on RB Global from $113.00 to $111.00 and set a “sector perform” rating for the company in a research note on Thursday, October 9th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.