Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $5.05 Million Stock Position in RB Global, Inc. $RBA

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 7.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,581 shares of the business services provider’s stock after buying an additional 3,498 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in RB Global were worth $5,053,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cerity Partners LLC raised its stake in RB Global by 5.8% during the first quarter. Cerity Partners LLC now owns 6,363 shares of the business services provider’s stock worth $638,000 after acquiring an additional 351 shares in the last quarter. CWM LLC boosted its stake in shares of RB Global by 7.9% in the 1st quarter. CWM LLC now owns 1,974 shares of the business services provider’s stock valued at $198,000 after purchasing an additional 144 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of RB Global by 348.8% during the 1st quarter. IFP Advisors Inc now owns 359 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 279 shares during the last quarter. Wealth Alliance LLC increased its position in RB Global by 2.7% during the 1st quarter. Wealth Alliance LLC now owns 3,976 shares of the business services provider’s stock worth $399,000 after purchasing an additional 104 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in RB Global by 5.6% in the 1st quarter. Allianz Asset Management GmbH now owns 11,067 shares of the business services provider’s stock valued at $1,111,000 after purchasing an additional 584 shares during the last quarter. Institutional investors own 95.37% of the company’s stock.

Insider Activity at RB Global

In other news, insider Michael Thomas Steven Lewis sold 2,151 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $118.15, for a total transaction of $254,140.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Deborah Stein bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The stock was purchased at an average price of $101.26 per share, for a total transaction of $101,260.00. Following the acquisition, the director owned 1,000 shares of the company’s stock, valued at $101,260. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 4.32% of the stock is currently owned by company insiders.

RB Global Stock Down 0.8%

Shares of NYSE:RBA opened at $97.78 on Wednesday. The firm has a market cap of $18.16 billion, a P/E ratio of 48.41, a P/E/G ratio of 2.48 and a beta of 0.65. RB Global, Inc. has a 12-month low of $86.68 and a 12-month high of $119.58. The business has a fifty day simple moving average of $105.54 and a 200 day simple moving average of $107.70. The company has a quick ratio of 1.22, a current ratio of 1.28 and a debt-to-equity ratio of 0.46.

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 analysts’ consensus estimates of $0.83 by $0.10. RB Global had a return on equity of 9.42% and a net margin of 9.46%.The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the company posted $0.71 EPS. The business’s revenue was up 12.0% on a year-over-year basis. Analysts predict that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 26th will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, November 26th. This represents a $1.24 annualized dividend and a yield of 1.3%. RB Global’s dividend payout ratio (DPR) is presently 59.33%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of RB Global from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Royal Bank Of Canada boosted their price objective on RB Global from $132.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Raymond James Financial upped their target price on RB Global from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. National Bankshares cut their price target on RB Global from $113.00 to $111.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 9th. Finally, Bank of America reduced their price target on RB Global from $120.00 to $114.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $122.71.

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.