Wilson Asset Management International PTY Ltd. Has $13.91 Million Stock Position in RB Global, Inc. $RBA

Wilson Asset Management International PTY Ltd. lessened its position in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 19.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,344 shares of the business services provider’s stock after selling 31,058 shares during the quarter. RB Global makes up about 3.4% of Wilson Asset Management International PTY Ltd.’s investment portfolio, making the stock its 11th largest position. Wilson Asset Management International PTY Ltd. owned 0.07% of RB Global worth $13,907,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of RBA. MJP Associates Inc. ADV boosted its stake in RB Global by 2.2% during the second quarter. MJP Associates Inc. ADV now owns 4,434 shares of the business services provider’s stock worth $471,000 after buying an additional 95 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of RB Global by 21.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 540 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 97 shares in the last quarter. Archer Investment Corp increased its stake in RB Global by 6.0% in the second quarter. Archer Investment Corp now owns 1,760 shares of the business services provider’s stock valued at $187,000 after acquiring an additional 100 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in RB Global by 12.9% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 938 shares of the business services provider’s stock worth $102,000 after purchasing an additional 107 shares in the last quarter. Finally, California State Teachers Retirement System lifted its stake in RB Global by 1.1% during the second quarter. California State Teachers Retirement System now owns 11,693 shares of the business services provider’s stock worth $1,242,000 after purchasing an additional 124 shares during the period. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Bank of America lowered their price objective on RB Global from $120.00 to $114.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of RB Global in a research report on Thursday, January 22nd. Wall Street Zen cut RB Global from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. 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. Finally, Raymond James Financial increased their target price on shares of RB Global from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $124.13.

RB Global Stock Performance

RB Global stock opened at $117.84 on Monday. The stock has a 50-day simple moving average of $107.82 and a 200 day simple moving average of $107.78. The stock has a market capitalization of $21.90 billion, a price-to-earnings ratio of 56.38, a P/E/G ratio of 2.21 and a beta of 0.54. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.46. RB Global, Inc. has a 12-month low of $87.87 and a 12-month high of $119.58.

RB Global (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings data on Thursday, November 6th. The business services provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. RB Global had a net margin of 9.65% and a return on equity of 9.66%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The company’s revenue was up 12.0% on a year-over-year basis. On average, research analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 9th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, February 9th. This represents a $1.24 annualized dividend and a yield of 1.1%. RB Global’s dividend payout ratio is currently 59.33%.

Insiders Place Their Bets

In other news, CEO James Francis Kessler sold 20,742 shares of the company’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $115.00, for a total transaction of $2,385,330.00. Following the transaction, the chief executive officer owned 107,569 shares of the company’s stock, valued at $12,370,435. This represents a 16.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Deborah Stein purchased 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 acquisition, the director owned 1,000 shares of the company’s stock, valued at $101,260. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.28% of the stock is currently owned by company insiders.

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.