RB Global, Inc. (NYSE:RBA) Holdings Boosted by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 10.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,060 shares of the business services provider’s stock after acquiring an additional 104 shares during the period. Nisa Investment Advisors LLC’s holdings in RB Global were worth $106,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in shares of RB Global during the fourth quarter valued at $36,000. HighTower Advisors LLC lifted its position in RB Global by 8.0% in the 4th quarter. HighTower Advisors LLC now owns 17,222 shares of the business services provider’s stock valued at $1,554,000 after purchasing an additional 1,271 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in RB Global by 4.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,762 shares of the business services provider’s stock valued at $339,000 after purchasing an additional 176 shares during the last quarter. Natixis Advisors LLC boosted its stake in RB Global by 69.5% during the 4th quarter. Natixis Advisors LLC now owns 18,877 shares of the business services provider’s stock valued at $1,703,000 after purchasing an additional 7,737 shares during the period. Finally, Signaturefd LLC grew its position in RB Global by 9.5% in the 4th quarter. Signaturefd LLC now owns 4,051 shares of the business services provider’s stock worth $365,000 after purchasing an additional 352 shares during the last quarter. 95.37% of the stock is owned by institutional investors.

Insider Activity at RB Global

In other RB Global news, CEO James Francis Kessler sold 45,658 shares of the business’s stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $110.00, for a total transaction of $5,022,380.00. Following the sale, the chief executive officer owned 107,569 shares in the company, valued at approximately $11,832,590. The trade was a 29.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO James J. Jeter sold 2,000 shares of the company’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $106.96, for a total transaction of $213,920.00. Following the sale, the executive directly owned 14,167 shares of the company’s stock, valued at $1,515,302.32. This represents a 12.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,133 shares of company stock worth $7,843,729. 4.32% of the stock is owned by corporate insiders.

RB Global Price Performance

NYSE:RBA opened at $110.06 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.31 and a debt-to-equity ratio of 0.50. The business’s 50-day moving average price is $106.33 and its 200 day moving average price is $99.62. RB Global, Inc. has a 52-week low of $70.38 and a 52-week high of $111.71. The firm has a market cap of $20.38 billion, a P/E ratio of 54.22, a PEG ratio of 2.54 and a beta of 0.77.

RB Global (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.89. RB Global had a net margin of 9.68% and a return on equity of 8.03%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the company posted $0.90 EPS. The business’s revenue was up 4.1% compared to the same quarter last year. As a group, sell-side analysts predict that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Thursday, May 29th were issued a $0.29 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.16 annualized dividend and a dividend yield of 1.05%. RB Global’s dividend payout ratio is currently 57.14%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on RBA shares. Robert W. Baird boosted their price objective on RB Global from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. Wall Street Zen lowered RB Global from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Royal Bank Of Canada set a $125.00 price target on RB Global and gave the company an “outperform” rating in a report on Wednesday, July 2nd. National Bank Financial downgraded shares of RB Global from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 25th. Finally, National Bankshares decreased their target price on shares of RB Global from $118.00 to $115.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.21.

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.