Dimensional Fund Advisors LP Has $52.52 Million Stock Holdings in RB Global, Inc. (NYSE:RBA)

Dimensional Fund Advisors LP increased its stake in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 14.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 582,178 shares of the business services provider’s stock after buying an additional 71,354 shares during the period. Dimensional Fund Advisors LP owned 0.32% of RB Global worth $52,519,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in RBA. Raymond James Financial Inc. acquired a new position in shares of RB Global during the fourth quarter worth approximately $266,148,000. Norges Bank acquired a new position in RB Global during the 4th quarter worth $209,931,000. FMR LLC boosted its position in RB Global by 137.5% in the 4th quarter. FMR LLC now owns 2,804,404 shares of the business services provider’s stock valued at $252,985,000 after buying an additional 1,623,429 shares during the last quarter. Vontobel Holding Ltd. increased its stake in shares of RB Global by 9.8% in the 4th quarter. Vontobel Holding Ltd. now owns 8,451,146 shares of the business services provider’s stock valued at $762,378,000 after buying an additional 753,700 shares during the period. Finally, FIL Ltd raised its position in shares of RB Global by 26.4% during the fourth quarter. FIL Ltd now owns 2,030,696 shares of the business services provider’s stock worth $183,189,000 after acquiring an additional 424,060 shares during the last quarter. Institutional investors own 95.37% of the company’s stock.

Insider Buying and Selling

In related news, CEO James Francis Kessler sold 15,700 shares of RB Global stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $97.81, for a total value of $1,535,617.00. Following the sale, the chief executive officer now owns 107,569 shares of the company’s stock, valued at approximately $10,521,323.89. This trade represents a 12.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO James J. Jeter sold 600 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $98.63, for a total value of $59,178.00. Following the transaction, the executive now directly owns 19,667 shares of the company’s stock, valued at approximately $1,939,756.21. This trade represents a 2.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,897 shares of company stock worth $2,338,161 over the last ninety days. Company insiders own 4.32% of the company’s stock.

Analyst Ratings Changes

RBA has been the subject of a number of research reports. CIBC lowered their price objective on RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a research report on Monday, February 3rd. BMO Capital Markets increased their price objective on shares of RB Global from $116.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. National Bankshares lowered their target price on shares of RB Global from $118.00 to $115.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Royal Bank of Canada raised their price target on RB Global from $107.00 to $116.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Finally, StockNews.com downgraded RB Global from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $111.36.

RB Global Stock Up 2.6 %

NYSE:RBA opened at $102.55 on Friday. The stock has a market cap of $18.99 billion, a price-to-earnings ratio of 51.02, a PEG ratio of 4.95 and a beta of 0.90. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The stock has a 50-day moving average price of $98.13 and a two-hundred day moving average price of $94.08. RB Global, Inc. has a 1 year low of $69.83 and a 1 year high of $106.90.

RB Global (NYSE:RBA) (TSE:RBA) last posted its earnings results on Tuesday, February 18th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.23). RB Global had a return on equity of 8.00% and a net margin of 9.64%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the company posted $0.82 earnings per share. As a group, equities analysts expect that RB Global, Inc. will post 2.5 earnings per share for the current year.

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.