Hillsdale Investment Management Inc. lessened its position in RB Global, Inc. (NYSE:RBA – Free Report) (TSE:RBA) by 19.0% in the 4th quarter, Holdings Channel reports. The firm owned 84,125 shares of the business services provider’s stock after selling 19,685 shares during the period. Hillsdale Investment Management Inc.’s holdings in RB Global were worth $8,676,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. Covestor Ltd increased its stake in RB Global by 11.6% in the fourth quarter. Covestor Ltd now owns 933 shares of the business services provider’s stock valued at $96,000 after purchasing an additional 97 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in RB Global by 21.9% in the first quarter. Geneos Wealth Management Inc. now owns 540 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 97 shares in the last quarter. Coldstream Capital Management Inc. increased its stake in RB Global by 5.4% in the third quarter. Coldstream Capital Management Inc. now owns 2,044 shares of the business services provider’s stock valued at $221,000 after purchasing an additional 105 shares in the last quarter. Central Pacific Bank Trust Division increased its stake in RB Global by 41.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 363 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 107 shares in the last quarter. Finally, Sigma Planning Corp increased its stake in RB Global by 1.4% in the fourth quarter. Sigma Planning Corp now owns 8,416 shares of the business services provider’s stock valued at $866,000 after purchasing an additional 114 shares in the last quarter. Institutional investors own 95.37% of the company’s stock.
Insider Buying and Selling
In other RB Global news, Director Deborah Stein bought 425 shares of RB Global stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average price of $103.15 per share, for a total transaction of $43,838.75. Following the completion of the acquisition, the director owned 1,825 shares of the company’s stock, valued at $188,248.75. This trade represents a 30.36% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.57% of the company’s stock.
Analyst Upgrades and Downgrades
Get Our Latest Analysis on RB Global
RB Global Stock Performance
Shares of RBA opened at $106.40 on Friday. RB Global, Inc. has a 12 month low of $93.58 and a 12 month high of $119.58. The firm has a fifty day simple moving average of $101.97 and a 200 day simple moving average of $103.90. The stock has a market capitalization of $19.78 billion, a price-to-earnings ratio of 49.49, a PEG ratio of 1.69 and a beta of 0.57. The company has a current ratio of 1.14, a quick ratio of 1.07 and a debt-to-equity ratio of 0.40.
RB Global (NYSE:RBA – Get Free Report) (TSE:RBA) last announced its earnings results on Monday, May 4th. The business services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.97 by $0.04. RB Global had a net margin of 9.55% and a return on equity of 12.33%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. The firm’s revenue was up 11.4% on a year-over-year basis. Research analysts forecast that RB Global, Inc. will post 4.09 EPS for the current fiscal year.
RB Global Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Wednesday, May 27th will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, May 27th. This represents a $1.24 annualized dividend and a yield of 1.2%. RB Global’s dividend payout ratio is presently 57.67%.
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.
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