RB Global, Inc. (NYSE:RBA) Shares Sold by Champlain Investment Partners LLC

Champlain Investment Partners LLC reduced its position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 10.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,013,742 shares of the business services provider’s stock after selling 119,827 shares during the quarter. Champlain Investment Partners LLC owned about 0.55% of RB Global worth $81,596,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. UniSuper Management Pty Ltd raised its holdings in RB Global by 84.1% during the first quarter. UniSuper Management Pty Ltd now owns 2,600 shares of the business services provider’s stock worth $198,000 after purchasing an additional 1,188 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of RB Global by 29.9% during the 1st quarter. Toronto Dominion Bank now owns 110,337 shares of the business services provider’s stock worth $8,404,000 after buying an additional 25,402 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of RB Global by 25.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 366,625 shares of the business services provider’s stock worth $27,927,000 after buying an additional 74,809 shares in the last quarter. Ascent Group LLC lifted its holdings in shares of RB Global by 2.4% in the 1st quarter. Ascent Group LLC now owns 9,415 shares of the business services provider’s stock valued at $717,000 after buying an additional 225 shares during the period. Finally, Bayesian Capital Management LP acquired a new position in RB Global during the first quarter worth $865,000. Hedge funds and other institutional investors own 95.37% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Bank of America increased their price target on shares of RB Global from $79.00 to $92.50 and gave the company a “neutral” rating in a report on Monday, August 26th. Robert W. Baird lifted their price target on shares of RB Global from $86.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Royal Bank of Canada upped their price target on RB Global from $99.00 to $107.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. BMO Capital Markets raised their price objective on RB Global from $105.00 to $107.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, Raymond James boosted their target price on RB Global from $95.00 to $98.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $98.36.

Insiders Place Their Bets

In other RB Global news, CEO James Francis Kessler sold 17,883 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $84.19, for a total transaction of $1,505,569.77. Following the completion of the sale, the chief executive officer now owns 86,247 shares of the company’s stock, valued at approximately $7,261,134.93. The trade was a 17.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.32% of the stock is currently owned by insiders.

RB Global Stock Up 2.6 %

RBA opened at $97.81 on Friday. RB Global, Inc. has a 12 month low of $60.84 and a 12 month high of $97.83. The business has a 50-day moving average of $85.30 and a two-hundred day moving average of $80.98. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.28 and a quick ratio of 1.17. The stock has a market capitalization of $18.04 billion, a price-to-earnings ratio of 53.16, a price-to-earnings-growth ratio of 4.58 and a beta of 0.92.

RB Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.19%. The ex-dividend date is Wednesday, November 27th. RB Global’s dividend payout ratio (DPR) is 63.04%.

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.