Wealth Enhancement Advisory Services LLC Sells 164 Shares of RB Global, Inc. (NYSE:RBA)

Wealth Enhancement Advisory Services LLC lowered its position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 3.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,719 shares of the business services provider’s stock after selling 164 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in RB Global were worth $473,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. CoreCap Advisors LLC grew its holdings in RB Global by 74.5% during the fourth quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 117 shares during the period. MV Capital Management Inc. grew its holdings in RB Global by 5,560.0% during the first quarter. MV Capital Management Inc. now owns 283 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 278 shares during the period. Jones Financial Companies Lllp grew its holdings in RB Global by 49.4% during the fourth 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 bought a new stake in RB Global during the fourth quarter valued at about $36,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in RB Global during the fourth quarter valued at about $59,000. Institutional investors own 95.37% of the company’s stock.

RB Global Stock Performance

Shares of RBA stock opened at $105.73 on Friday. The stock has a market cap of $19.58 billion, a PE ratio of 52.08, a price-to-earnings-growth ratio of 3.76 and a beta of 0.77. The business has a 50-day simple moving average of $105.11 and a 200-day simple moving average of $98.49. The company has a quick ratio of 1.21, a current ratio of 1.31 and a debt-to-equity ratio of 0.50. RB Global, Inc. has a 52-week low of $70.38 and a 52-week high of $109.25.

RB Global (NYSE:RBA) (TSE:RBA) last released its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.89 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.89. RB Global had a return on equity of 8.03% and a net margin of 9.68%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the firm posted $0.90 EPS. RB Global’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, equities analysts expect that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Thursday, May 29th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Thursday, May 29th. RB Global’s dividend payout ratio is currently 57.14%.

Insider Buying and Selling

In related news, CRO James J. Jeter sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $104.38, for a total value of $365,330.00. Following the transaction, the executive directly owned 16,167 shares in the company, valued at approximately $1,687,511.46. This represents a 17.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Adam Dewitt sold 800 shares of the company’s stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $106.17, for a total value of $84,936.00. Following the completion of the transaction, the director owned 5,865 shares in the company, valued at $622,687.05. This represents a 12.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,075 shares of company stock valued at $2,007,349. 4.32% of the stock is currently owned by company insiders.

Analyst Ratings Changes

RBA has been the subject of a number of recent analyst reports. CIBC upped their price objective on RB Global from $116.00 to $118.00 and gave the stock an “outperformer” rating in a research note on Friday, May 9th. National Bank Financial lowered RB Global from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 25th. Royal Bank Of Canada set a $125.00 price target on RB Global and gave the company an “outperform” rating in a research note on Wednesday. National Bankshares dropped their price target on RB Global from $118.00 to $115.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Finally, Wall Street Zen lowered RB Global from a “buy” rating to a “hold” rating in a research note on Saturday. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.79.

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.