Victory Capital Management Inc. Has $962,000 Stock Position in RB Global, Inc. (NYSE:RBA)

Victory Capital Management Inc. reduced its stake in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 16.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,947 shares of the business services provider’s stock after selling 2,426 shares during the period. Victory Capital Management Inc.’s holdings in RB Global were worth $962,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Weil Company Inc. raised its holdings in shares of RB Global by 1.2% in the third quarter. Weil Company Inc. now owns 11,330 shares of the business services provider’s stock valued at $912,000 after purchasing an additional 132 shares during the last quarter. Advisor OS LLC grew its stake in shares of RB Global by 1.9% in the second quarter. Advisor OS LLC now owns 8,352 shares of the business services provider’s stock valued at $638,000 after buying an additional 156 shares in the last quarter. Blue Trust Inc. grew its stake in shares of RB Global by 11.9% in the third quarter. Blue Trust Inc. now owns 1,478 shares of the business services provider’s stock valued at $113,000 after buying an additional 157 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its stake in shares of RB Global by 58.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 446 shares of the business services provider’s stock valued at $34,000 after buying an additional 165 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of RB Global by 33.5% in the second quarter. Nisa Investment Advisors LLC now owns 836 shares of the business services provider’s stock valued at $64,000 after buying an additional 210 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

RB Global Trading Up 0.2 %

NYSE RBA opened at $97.68 on Thursday. RB Global, Inc. has a 12 month low of $60.84 and a 12 month high of $99.79. The firm has a market capitalization of $18.01 billion, a P/E ratio of 53.17, a PEG ratio of 4.73 and a beta of 0.92. The business has a fifty day simple moving average of $86.09 and a 200 day simple moving average of $81.62. The company has a current ratio of 1.28, a quick ratio of 1.17 and a debt-to-equity ratio of 0.52.

RB Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders 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 dividend yield of 1.19%. The ex-dividend date is Wednesday, November 27th. RB Global’s dividend payout ratio is presently 63.04%.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, CEO James Francis Kessler sold 17,883 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $83.09, for a total transaction of $1,485,898.47. Following the completion of the transaction, the chief executive officer now owns 86,247 shares in the company, valued at approximately $7,166,263.23. This represents a 17.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.10% of the company’s stock.

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.