Sei Investments Co. decreased its holdings in shares of RB Global, Inc. (NYSE:RBA – Get Rating) (TSE:RBA) by 50.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 86,272 shares of the business services provider’s stock after selling 86,141 shares during the period. Sei Investments Co. owned 0.08% of RB Global worth $4,989,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Hollencrest Capital Management purchased a new position in RB Global during the fourth quarter valued at $48,000. Quantbot Technologies LP purchased a new position in shares of RB Global in the 3rd quarter worth about $124,000. Bank of Montreal Can boosted its stake in RB Global by 2.1% in the 3rd quarter. Bank of Montreal Can now owns 1,684,031 shares of the business services provider’s stock worth $107,752,000 after purchasing an additional 33,848 shares in the last quarter. Eaton Vance Management grew its position in RB Global by 3.8% during the 3rd quarter. Eaton Vance Management now owns 196,650 shares of the business services provider’s stock valued at $12,287,000 after purchasing an additional 7,163 shares during the last quarter. Finally, Shell Asset Management Co. increased its stake in RB Global by 8.2% during the 3rd quarter. Shell Asset Management Co. now owns 41,871 shares of the business services provider’s stock valued at $2,631,000 after purchasing an additional 3,171 shares in the last quarter. 81.09% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, Director Adam Dewitt bought 2,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were bought at an average price of $52.40 per share, for a total transaction of $104,800.00. Following the purchase, the director now owns 2,000 shares in the company, valued at $104,800. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other RB Global news, Director Adam Dewitt purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were acquired at an average cost of $52.40 per share, with a total value of $104,800.00. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at $104,800. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ann Fandozzi acquired 18,522 shares of the company’s stock in a transaction dated Thursday, May 18th. The stock was acquired at an average cost of $54.06 per share, with a total value of $1,001,299.32. Following the purchase, the chief executive officer now owns 116,607 shares of the company’s stock, valued at $6,303,774.42. The disclosure for this purchase can be found here. Insiders have purchased a total of 21,993 shares of company stock valued at $1,185,754 in the last ninety days. Corporate insiders own 4.32% of the company’s stock.
RB Global Trading Down 1.4 %
RB Global Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Tuesday, May 30th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Friday, May 26th. RB Global’s dividend payout ratio (DPR) is currently 110.20%.
Analyst Ratings Changes
Several research analysts have recently issued reports on the stock. StockNews.com started coverage on shares of RB Global in a research note on Thursday, June 1st. They issued a “sell” rating on the stock. National Bankshares upgraded RB Global from a “sector perform” rating to an “outperform” rating and set a $61.00 target price on the stock in a research note on Thursday, May 18th. National Bank Financial upgraded RB Global from a “sector perform” rating to an “outperform” rating and set a $61.00 price target for the company in a research note on Thursday, May 18th. Robert W. Baird decreased their target price on RB Global from $66.00 to $64.00 in a research report on Monday, March 20th. Finally, OTR Global raised shares of RB Global to a “positive” rating in a report on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $61.57.
About RB Global
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; Xcira that provides live simulcast auction technologies; and Veritread, an online marketplace for heavy haul transport solution.
Read More
- Get a free copy of the StockNews.com research report on RB Global (RBA)
- Surging Over 100%: Small Cap Electric Boat Maker Makes Waves
- Sleeper AI-Play MongoDB Could Triple In Size
- SunCar Technology Stock Overheats…Will it Rise Again?
- OPEC Meeting: Is Saudi Arabia Trying to Squeeze the Oil Market?
- Buffett-Backed BYD Caught In The Chinese Government’s Stimulus
Want to see what other hedge funds are holding RBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RB Global, Inc. (NYSE:RBA – Get Rating) (TSE:RBA).
Receive News & Ratings for RB Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RB Global and related companies with MarketBeat.com's FREE daily email newsletter.
