Cwm LLC Acquires 181 Shares of RB Global, Inc. $RBA

Cwm LLC lifted its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 9.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,155 shares of the business services provider’s stock after acquiring an additional 181 shares during the period. Cwm LLC’s holdings in RB Global were worth $229,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in RBA. GAMMA Investing LLC lifted its position in shares of RB Global by 28.6% in the first quarter. GAMMA Investing LLC now owns 1,608 shares of the business services provider’s stock worth $161,000 after buying an additional 358 shares in the last quarter. New York State Teachers Retirement System lifted its position in shares of RB Global by 8.4% in the first quarter. New York State Teachers Retirement System now owns 106,773 shares of the business services provider’s stock worth $10,709,000 after buying an additional 8,302 shares in the last quarter. Peregrine Capital Management LLC lifted its position in shares of RB Global by 3.0% in the first quarter. Peregrine Capital Management LLC now owns 72,607 shares of the business services provider’s stock worth $7,282,000 after buying an additional 2,097 shares in the last quarter. Kampmann Melissa S. lifted its position in shares of RB Global by 0.5% in the first quarter. Kampmann Melissa S. now owns 29,900 shares of the business services provider’s stock worth $2,999,000 after buying an additional 150 shares in the last quarter. Finally, Keybank National Association OH lifted its position in shares of RB Global by 8.4% in the first quarter. Keybank National Association OH now owns 7,967 shares of the business services provider’s stock worth $799,000 after buying an additional 619 shares in the last quarter. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

RB Global Trading Down 0.2%

Shares of NYSE RBA opened at $101.51 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.22 and a current ratio of 1.28. The business’s 50 day moving average price is $110.57 and its 200-day moving average price is $107.46. RB Global, Inc. has a fifty-two week low of $84.31 and a fifty-two week high of $119.58. The company has a market cap of $18.85 billion, a price-to-earnings ratio of 50.25, a PEG ratio of 2.37 and a beta of 0.65.

RB Global (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings results on Wednesday, August 6th. The business services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.12. RB Global had a return on equity of 9.42% and a net margin of 9.46%.The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the business posted $0.94 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, sell-side analysts expect that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th were issued a $0.31 dividend. The ex-dividend date was Thursday, August 28th. This is a positive change from RB Global’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. RB Global’s dividend payout ratio (DPR) is currently 61.39%.

Insider Buying and Selling at RB Global

In other news, insider Michael Thomas Steven Lewis sold 2,151 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $118.15, for a total value of $254,140.65. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

RBA has been the topic of a number of research analyst reports. Royal Bank Of Canada boosted their target price on RB Global from $125.00 to $132.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. National Bankshares decreased their target price on RB Global from $113.00 to $111.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 9th. Wall Street Zen raised RB Global from a “hold” rating to a “buy” rating in a research note on Saturday. Raymond James Financial raised their price objective on RB Global from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Finally, BMO Capital Markets raised their price objective on RB Global from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.

RB Global Company 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.