RB Global, Inc. (NYSE:RBA) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC decreased its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 5.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,922 shares of the business services provider’s stock after selling 172 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in RB Global were worth $235,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of RBA. Allspring Global Investments Holdings LLC grew its holdings in shares of RB Global by 3.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 704,778 shares of the business services provider’s stock worth $53,683,000 after buying an additional 26,548 shares during the last quarter. Principal Financial Group Inc. lifted its position in RB Global by 3.0% during the 1st quarter. Principal Financial Group Inc. now owns 17,539 shares of the business services provider’s stock worth $1,336,000 after acquiring an additional 515 shares during the period. Hollencrest Capital Management purchased a new position in shares of RB Global in the 1st quarter valued at approximately $33,000. BW Gestao de Investimentos Ltda. increased its holdings in shares of RB Global by 83.2% in the first quarter. BW Gestao de Investimentos Ltda. now owns 701,538 shares of the business services provider’s stock valued at $53,436,000 after purchasing an additional 318,582 shares during the period. Finally, Mawer Investment Management Ltd. raised its stake in shares of RB Global by 83.4% during the first quarter. Mawer Investment Management Ltd. now owns 104,398 shares of the business services provider’s stock worth $7,952,000 after purchasing an additional 47,474 shares during the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at RB Global

In other RB Global news, CEO James Francis Kessler sold 17,883 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $84.19, for a total transaction of $1,505,569.77. Following the completion of the transaction, the chief executive officer now owns 86,247 shares of the company’s stock, valued at approximately $7,261,134.93. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other RB Global news, CEO James Francis Kessler sold 17,883 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $84.19, for a total transaction of $1,505,569.77. Following the sale, the chief executive officer now directly owns 86,247 shares of the company’s stock, valued at $7,261,134.93. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO James J. Jeter sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $85.55, for a total transaction of $256,650.00. Following the completion of the transaction, the executive now directly owns 20,267 shares of the company’s stock, valued at approximately $1,733,841.85. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,601 shares of company stock valued at $3,720,043. 4.10% of the stock is owned by corporate insiders.

RB Global Stock Up 0.6 %

RB Global stock opened at $86.63 on Wednesday. The firm has a market capitalization of $15.98 billion, a price-to-earnings ratio of 48.67, a price-to-earnings-growth ratio of 5.54 and a beta of 0.93. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.20 and a current ratio of 1.29. RB Global, Inc. has a fifty-two week low of $58.85 and a fifty-two week high of $87.45. The stock’s fifty day moving average is $83.31 and its two-hundred day moving average is $78.87.

RB Global (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.13 billion. RB Global had a net margin of 8.67% and a return on equity of 7.27%. The firm’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 EPS. Analysts predict that RB Global, Inc. will post 1.92 EPS for the current fiscal year.

RB Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.34%. This is a boost from RB Global’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, August 28th. RB Global’s dividend payout ratio (DPR) is 65.17%.

Analysts Set New Price Targets

RBA has been the topic of several recent research reports. BMO Capital Markets started coverage on shares of RB Global in a research note on Thursday, September 5th. They issued an “outperform” rating and a $105.00 price objective on the stock. Robert W. Baird lifted their price objective on RB Global from $80.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Bank of America raised their price target on RB Global from $79.00 to $92.50 and gave the company a “neutral” rating in a report on Monday, August 26th. Royal Bank of Canada upped their price objective on RB Global from $93.00 to $99.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, Raymond James raised their target price on RB Global from $95.00 to $98.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, RB Global has a consensus rating of “Moderate Buy” and an average target price of $92.19.

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.