Aviso Financial Inc. Acquires 3,450 Shares of RB Global, Inc. $RBA

Aviso Financial Inc. boosted its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 3.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,726 shares of the business services provider’s stock after acquiring an additional 3,450 shares during the quarter. Aviso Financial Inc. owned 0.05% of RB Global worth $10,274,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SouthState Corp acquired a new stake in RB Global during the first quarter valued at approximately $26,000. SVB Wealth LLC bought a new position in shares of RB Global during the 1st quarter worth approximately $28,000. IFP Advisors Inc lifted its position in shares of RB Global by 348.8% during the 1st quarter. IFP Advisors Inc now owns 359 shares of the business services provider’s stock worth $36,000 after buying an additional 279 shares during the period. Rise Advisors LLC bought a new stake in RB Global in the first quarter valued at $38,000. Finally, Whipplewood Advisors LLC raised its stake in RB Global by 42.9% during the second quarter. Whipplewood Advisors LLC now owns 456 shares of the business services provider’s stock worth $48,000 after acquiring an additional 137 shares in the last quarter. Institutional investors own 95.37% of the company’s stock.

Insider Transactions at RB Global

In other news, Director Deborah Stein acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was purchased at an average price of $101.26 per share, for a total transaction of $101,260.00. Following the completion of the acquisition, the director owned 1,000 shares in the company, valued at $101,260. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael Thomas Steven Lewis sold 2,151 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $118.15, for a total transaction of $254,140.65. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 4.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on RBA. Royal Bank Of Canada boosted their target price on shares of RB Global from $132.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. BMO Capital Markets boosted their price target on shares of RB Global from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. National Bankshares dropped their price objective on shares of RB Global from $113.00 to $111.00 and set a “sector perform” rating for the company in a report on Thursday, October 9th. Raymond James Financial boosted their target price on RB Global from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Finally, Wall Street Zen cut RB Global from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.88.

RB Global Stock Performance

Shares of RB Global stock opened at $95.50 on Tuesday. The firm has a fifty day moving average of $103.88 and a two-hundred day moving average of $107.52. The stock has a market capitalization of $17.73 billion, a price-to-earnings ratio of 47.28, a PEG ratio of 2.48 and a beta of 0.65. RB Global, Inc. has a 52 week low of $86.68 and a 52 week high of $119.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.22 and a current ratio of 1.28.

RB Global (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings results on Thursday, November 6th. The business services provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.10. RB Global had a return on equity of 9.42% and a net margin of 9.46%.The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company earned $0.71 EPS. The firm’s revenue was up 12.0% on a year-over-year basis. As a group, equities research analysts predict that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 26th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, November 26th. RB Global’s payout ratio is presently 59.33%.

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.