WoodTrust Financial Corp Reduces Stake in RB Global, Inc. (NYSE:RBA)

WoodTrust Financial Corp cut its holdings in shares of RB Global, Inc. (NYSE:RBAFree Report) (TSE:RBA) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,405 shares of the business services provider’s stock after selling 250 shares during the quarter. WoodTrust Financial Corp’s holdings in RB Global were worth $2,167,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of RB Global by 144.9% in the 3rd quarter. Vanguard Group Inc. now owns 22,647,288 shares of the business services provider’s stock valued at $1,415,456,000 after purchasing an additional 13,400,942 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of RB Global by 10.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 10,320,114 shares of the business services provider’s stock worth $645,007,000 after buying an additional 977,171 shares during the period. Beutel Goodman & Co Ltd. boosted its position in shares of RB Global by 20.4% in the second quarter. Beutel Goodman & Co Ltd. now owns 6,924,820 shares of the business services provider’s stock worth $416,038,000 after buying an additional 1,172,169 shares during the period. BlackRock Inc. lifted its stake in shares of RB Global by 286.9% in the second quarter. BlackRock Inc. now owns 6,479,856 shares of the business services provider’s stock worth $388,791,000 after acquiring an additional 4,804,923 shares in the last quarter. Finally, Invesco Ltd. raised its stake in RB Global by 19.2% during the first quarter. Invesco Ltd. now owns 4,652,139 shares of the business services provider’s stock valued at $274,617,000 after buying an additional 747,804 shares in the last quarter. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at RB Global

In related news, CRO James J. Jeter sold 11,416 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $76.32, for a total transaction of $871,269.12. Following the completion of the sale, the executive now owns 30,915 shares in the company, valued at $2,359,432.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other RB Global news, insider Darren Jeffrey Watt sold 2,300 shares of RB Global stock in a transaction on Friday, March 1st. The stock was sold at an average price of $76.97, for a total transaction of $177,031.00. Following the completion of the sale, the insider now directly owns 21,103 shares of the company’s stock, valued at approximately $1,624,297.91. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO James J. Jeter sold 11,416 shares of RB Global stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $76.32, for a total value of $871,269.12. Following the completion of the transaction, the executive now owns 30,915 shares in the company, valued at $2,359,432.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,816 shares of company stock worth $1,133,055. 4.10% of the stock is owned by insiders.

RB Global Stock Down 0.2 %

Shares of NYSE:RBA traded down $0.12 during trading on Wednesday, reaching $76.00. 362,042 shares of the stock were exchanged, compared to its average volume of 861,943. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.35 and a quick ratio of 1.23. RB Global, Inc. has a 1-year low of $51.07 and a 1-year high of $77.99. The stock has a fifty day moving average of $71.71 and a two-hundred day moving average of $66.90. The firm has a market cap of $13.89 billion, a price-to-earnings ratio of 89.95, a price-to-earnings-growth ratio of 5.83 and a beta of 0.87.

RB Global (NYSE:RBAGet Free Report) (TSE:RBA) last posted its quarterly earnings results on Friday, February 23rd. The business services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.14. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. RB Global had a return on equity of 4.19% and a net margin of 5.61%. The firm’s quarterly revenue was up 134.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.40 EPS. Research analysts anticipate that RB Global, Inc. will post 1.88 earnings per share for the current fiscal year.

RB Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Thursday, February 8th. RB Global’s payout ratio is 127.06%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RBA. Royal Bank of Canada increased their price objective on RB Global from $75.00 to $93.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. StockNews.com upgraded RB Global from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Scotiabank increased their target price on shares of RB Global from $76.00 to $88.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 26th. Finally, Raymond James raised their price target on RB Global from $78.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, RB Global currently has an average rating of “Moderate Buy” and an average target price of $82.80.

Check Out Our Latest Stock Report on RBA

About RB Global

(Free Report)

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.

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Institutional Ownership by Quarter for RB Global (NYSE:RBA)

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