Kampmann Melissa S. Has $2.68 Million Stock Holdings in RB Global, Inc. (NYSE:RBA)

Kampmann Melissa S. trimmed its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 10.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,750 shares of the business services provider’s stock after selling 3,330 shares during the quarter. RB Global comprises about 2.1% of Kampmann Melissa S.’s portfolio, making the stock its 25th biggest position. Kampmann Melissa S.’s holdings in RB Global were worth $2,684,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RBA. Central Pacific Bank Trust Division acquired a new position in shares of RB Global in the 4th quarter valued at about $27,000. Versant Capital Management Inc lifted its stake in shares of RB Global by 136.4% in the 4th quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 176 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of RB Global by 49.4% in the 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 129 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of RB Global in the 4th quarter valued at about $36,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of RB Global in the 4th quarter valued at about $37,000. 95.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO James Francis Kessler sold 15,700 shares of the company’s 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 transaction, the chief executive officer now owns 107,569 shares in the company, valued at approximately $10,521,323.89. This represents a 12.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO James J. Jeter sold 7,597 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $97.85, for a total value of $743,366.45. Following the completion of the transaction, the executive now owns 20,267 shares in the company, valued at approximately $1,983,125.95. The trade was a 27.26 % decrease in their position. The disclosure for this sale can be found here. 4.32% of the stock is currently owned by corporate insiders.

RB Global Stock Performance

RBA stock opened at $99.22 on Thursday. The firm has a market cap of $18.33 billion, a PE ratio of 49.36, a P/E/G ratio of 4.95 and a beta of 0.94. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average of $94.97 and a 200-day moving average of $90.67. RB Global, Inc. has a 12-month low of $69.83 and a 12-month high of $106.90.

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

RB Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Friday, February 14th. RB Global’s dividend payout ratio is presently 57.71%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. BMO Capital Markets boosted their target price on RB Global from $116.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Royal Bank of Canada boosted their target price on RB Global from $107.00 to $116.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Robert W. Baird boosted their target price on RB Global from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. StockNews.com raised RB Global from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, CIBC decreased their price objective on RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, RB Global has a consensus rating of “Moderate Buy” and an average price target of $107.64.

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.