Mutual Advisors LLC Boosts Stake in RB Global, Inc. (NYSE:RBA)

Mutual Advisors LLC grew its stake in RB Global, Inc. (NYSE:RBAFree Report) (TSE:RBA) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,786 shares of the business services provider’s stock after purchasing an additional 309 shares during the quarter. Mutual Advisors LLC’s holdings in RB Global were worth $320,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Headlands Technologies LLC acquired a new stake in shares of RB Global in the 3rd quarter valued at about $26,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of RB Global in the 3rd quarter valued at about $26,000. Cornerstone Planning Group LLC acquired a new stake in shares of RB Global in the 2nd quarter valued at about $45,000. Belpointe Asset Management LLC raised its stake in shares of RB Global by 134.7% in the 1st quarter. Belpointe Asset Management LLC now owns 913 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 524 shares in the last quarter. Finally, WASHINGTON TRUST Co acquired a new stake in shares of RB Global in the 3rd quarter valued at about $56,000. Institutional investors and hedge funds own 95.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada upped their target price on shares of RB Global from $75.00 to $93.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. StockNews.com upgraded shares of RB Global from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. Scotiabank increased their price objective on shares of RB Global from $76.00 to $88.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 26th. Finally, Raymond James increased their price objective on shares of RB Global from $78.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, RB Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.80.

Get Our Latest Report on RB Global

Insiders Place Their Bets

In other news, insider Darren Jeffrey Watt sold 1,100 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $77.05, for a total value of $84,755.00. Following the completion of the transaction, the insider now directly owns 21,103 shares in the company, valued at $1,625,986.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Darren Jeffrey Watt sold 1,100 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $77.05, for a total value of $84,755.00. Following the completion of the transaction, the insider now directly owns 21,103 shares in the company, valued at $1,625,986.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO James J. Jeter sold 11,416 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $76.32, for a total transaction of $871,269.12. Following the completion of the transaction, the executive now owns 30,915 shares of the company’s stock, valued at $2,359,432.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,816 shares of company stock worth $1,133,055. Insiders own 4.32% of the company’s stock.

RB Global Price Performance

NYSE RBA opened at $76.17 on Friday. RB Global, Inc. has a 52 week low of $51.07 and a 52 week high of $77.99. The company has a current ratio of 1.35, a quick ratio of 1.23 and a debt-to-equity ratio of 0.61. The stock has a market cap of $13.92 billion, a price-to-earnings ratio of 89.61, a price-to-earnings-growth ratio of 5.83 and a beta of 0.87. The company has a 50-day moving average price of $71.19 and a two-hundred day moving average price of $66.72.

RB Global (NYSE:RBAGet Free Report) (TSE:RBA) last posted its earnings results on Friday, February 23rd. The business services provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.68 by $0.14. RB Global had a net margin of 5.61% and a return on equity of 4.19%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the firm earned $0.40 EPS. RB Global’s quarterly revenue was up 134.5% on a year-over-year basis. Analysts forecast that RB Global, Inc. will post 1.88 EPS for the current year.

RB Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Thursday, February 8th. RB Global’s dividend payout ratio (DPR) is 127.06%.

RB Global Profile

(Free Report)

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.

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Institutional Ownership by Quarter for RB Global (NYSE:RBA)

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