35,813 Shares in RB Global, Inc. (NYSE:RBA) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 35,813 shares of the business services provider’s stock, valued at approximately $36,000.

Several other large investors have also made changes to their positions in the business. Jones Financial Companies Lllp raised its stake in RB Global by 49.4% during the 4th 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. Summit Trail Advisors LLC raised its position in shares of RB Global by 4.6% during the fourth quarter. Summit Trail Advisors LLC now owns 3,089 shares of the business services provider’s stock valued at $279,000 after buying an additional 137 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of RB Global by 25.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 706 shares of the business services provider’s stock valued at $64,000 after buying an additional 143 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of RB Global by 136.4% in the fourth quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock worth $28,000 after buying an additional 176 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of RB Global by 0.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,510 shares of the business services provider’s stock worth $3,384,000 after acquiring an additional 210 shares during the last quarter. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on RBA shares. CIBC dropped their price objective on shares of RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a report on Monday, February 3rd. Royal Bank of Canada increased their price target on RB Global from $107.00 to $116.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Robert W. Baird lifted their price objective on RB Global from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Raymond James upped their price objective on RB Global from $110.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Finally, BMO Capital Markets raised their target price on shares of RB Global from $116.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, RB Global currently has a consensus rating of “Moderate Buy” and an average target price of $107.64.

RB Global Trading Down 2.4 %

Shares of RBA stock opened at $97.90 on Friday. The company has a market cap of $18.09 billion, a PE ratio of 48.70, a price-to-earnings-growth ratio of 4.95 and a beta of 0.94. RB Global, Inc. has a 1 year low of $69.83 and a 1 year high of $106.90. The stock’s 50 day simple moving average is $96.38 and its two-hundred day simple moving average is $91.38. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17.

RB Global (NYSE:RBA) (TSE:RBA) last released its earnings results on Tuesday, February 18th. The business services provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.23). The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.06 billion. RB Global had a net margin of 9.64% and a return on equity of 8.00%. During the same period in the prior year, the firm posted $0.82 EPS. Research analysts predict that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Friday, February 14th. RB Global’s dividend payout ratio is currently 57.71%.

Insider Transactions at RB Global

In related news, CRO James J. Jeter sold 600 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $98.63, for a total value of $59,178.00. Following the sale, the executive now directly owns 19,667 shares of the company’s stock, valued at $1,939,756.21. This represents a 2.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO James Francis Kessler sold 15,700 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $97.81, for a total transaction of $1,535,617.00. Following the completion of the sale, the chief executive officer now directly owns 107,569 shares of the company’s stock, valued at approximately $10,521,323.89. The trade was a 12.74 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,897 shares of company stock worth $2,338,161. 4.32% of the stock is currently owned by 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.