Champlain Investment Partners LLC Sells 237,394 Shares of RB Global, Inc. $RBA

Champlain Investment Partners LLC lessened its position in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 27.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 630,803 shares of the business services provider’s stock after selling 237,394 shares during the quarter. Champlain Investment Partners LLC’s holdings in RB Global were worth $68,354,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RBA. MJP Associates Inc. ADV increased its position in shares of RB Global by 2.2% during the 2nd quarter. MJP Associates Inc. ADV now owns 4,434 shares of the business services provider’s stock valued at $471,000 after purchasing an additional 95 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in RB Global by 21.9% during the first quarter. Geneos Wealth Management Inc. now owns 540 shares of the business services provider’s stock valued at $54,000 after buying an additional 97 shares during the last quarter. Archer Investment Corp increased its holdings in RB Global by 6.0% during the second quarter. Archer Investment Corp now owns 1,760 shares of the business services provider’s stock valued at $187,000 after buying an additional 100 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in RB Global by 12.9% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 938 shares of the business services provider’s stock worth $102,000 after acquiring an additional 107 shares during the period. Finally, Xponance Inc. boosted its stake in shares of RB Global by 0.5% during the 3rd quarter. Xponance Inc. now owns 22,039 shares of the business services provider’s stock worth $2,388,000 after acquiring an additional 118 shares during the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at RB Global

In other RB Global news, CEO James Francis Kessler sold 20,742 shares of RB Global stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $115.00, for a total value of $2,385,330.00. Following the sale, the chief executive officer directly owned 107,569 shares in the company, valued at approximately $12,370,435. The trade was a 16.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.28% of the company’s stock.

RB Global Stock Performance

NYSE:RBA opened at $100.14 on Tuesday. The stock has a 50-day moving average price of $108.71 and a 200 day moving average price of $106.99. The stock has a market capitalization of $18.62 billion, a P/E ratio of 49.09, a P/E/G ratio of 1.53 and a beta of 0.57. RB Global, Inc. has a 12-month low of $87.87 and a 12-month high of $119.58. The company has a current ratio of 1.10, a quick ratio of 1.02 and a debt-to-equity ratio of 0.41.

RB Global (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.12. RB Global had a return on equity of 11.12% and a net margin of 9.33%.The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the firm earned $0.95 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. Equities research analysts forecast that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

RB Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, February 9th. RB Global’s dividend payout ratio (DPR) is presently 60.78%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on RBA shares. Weiss Ratings upgraded RB Global from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Raymond James Financial upped their price target on RB Global from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Wall Street Zen cut RB Global from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. BMO Capital Markets boosted their price objective on RB Global from $135.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Finally, National Bank Financial upgraded shares of RB Global from a “sector perform” rating to an “outperform” rating and set a $124.00 target price on the stock in a research note on Monday, November 24th. Seven analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $129.29.

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.