Crossmark Global Holdings Inc. Has $1.09 Million Stock Position in RB Global, Inc. (NYSE:RBA)

Crossmark Global Holdings Inc. grew its position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 16.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 13,496 shares of the business services provider’s stock after purchasing an additional 1,927 shares during the period. Crossmark Global Holdings Inc.’s holdings in RB Global were worth $1,087,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in RBA. Orion Portfolio Solutions LLC boosted its holdings in shares of RB Global by 4.9% in the first quarter. Orion Portfolio Solutions LLC now owns 15,359 shares of the business services provider’s stock worth $1,170,000 after buying an additional 713 shares during the period. Intech Investment Management LLC acquired a new position in shares of RB Global in the first quarter worth about $613,000. Vanguard Group Inc. boosted its holdings in shares of RB Global by 5.1% in the first quarter. Vanguard Group Inc. now owns 23,992,759 shares of the business services provider’s stock worth $1,827,528,000 after buying an additional 1,153,497 shares during the period. Hillsdale Investment Management Inc. boosted its holdings in shares of RB Global by 29.4% in the first quarter. Hillsdale Investment Management Inc. now owns 132,100 shares of the business services provider’s stock worth $10,066,000 after buying an additional 30,000 shares during the period. Finally, Covestor Ltd boosted its holdings in shares of RB Global by 78.0% in the first quarter. Covestor Ltd now owns 1,422 shares of the business services provider’s stock worth $108,000 after buying an additional 623 shares during the period. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on RBA shares. Raymond James increased their price target 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. Robert W. Baird increased their price target on shares of RB Global from $86.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday. Bank of America increased their price target on shares of RB Global from $79.00 to $92.50 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Royal Bank of Canada increased their price target on shares of RB Global from $99.00 to $107.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, BMO Capital Markets increased their price target on shares of RB Global from $105.00 to $107.00 and gave the stock an “outperform” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $98.36.

RB Global Price Performance

Shares of RBA opened at $92.36 on Friday. The firm has a market cap of $17.03 billion, a PE ratio of 50.20, a PEG ratio of 4.55 and a beta of 0.92. The firm’s 50 day moving average price is $84.30 and its 200 day moving average price is $80.21. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.17 and a current ratio of 1.28. RB Global, Inc. has a twelve month low of $59.11 and a twelve month high of $94.85.

RB Global Dividend Announcement

The firm also recently disclosed 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 1.26%. The ex-dividend date is Wednesday, November 27th. RB Global’s payout ratio is presently 63.04%.

Insider Activity at RB Global

In other RB Global news, CEO James Francis Kessler sold 17,883 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 86,247 shares in the company, valued at $7,166,263.23. This trade represents a 17.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CRO James J. Jeter sold 3,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $85.55, for a total value of $256,650.00. Following the transaction, the executive now owns 20,267 shares in the company, valued at approximately $1,733,841.85. This trade represents a 12.89 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,681 shares of company stock valued at $3,489,480. 4.32% of the stock is currently owned by corporate insiders.

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.