WoodTrust Financial Corp Grows Position in RB Global, Inc. (NYSE:RBA)

WoodTrust Financial Corp grew its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 1.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,904 shares of the business services provider’s stock after acquiring an additional 499 shares during the period. WoodTrust Financial Corp’s holdings in RB Global were worth $2,506,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Cary Street Partners Investment Advisory LLC purchased a new stake in RB Global during the third quarter worth $26,000. Oakworth Capital Inc. lifted its stake in shares of RB Global by 53.3% in the fourth quarter. Oakworth Capital Inc. now owns 466 shares of the business services provider’s stock worth $31,000 after buying an additional 162 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of RB Global in the fourth quarter worth about $54,000. Brown Brothers Harriman & Co. purchased a new position in shares of RB Global in the fourth quarter worth about $72,000. Finally, Oliver Lagore Vanvalin Investment Group raised its stake in RB Global by 63.4% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 1,448 shares of the business services provider’s stock worth $97,000 after purchasing an additional 562 shares during the period. 95.37% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO James Francis Kessler sold 8,000 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $80.91, for a total value of $647,280.00. Following the completion of the sale, the chief executive officer now owns 78,104 shares in the company, valued at approximately $6,319,394.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Baron Concors sold 13,230 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $75.05, for a total value of $992,911.50. Following the sale, the insider now directly owns 15,487 shares of the company’s stock, valued at approximately $1,162,299.35. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO James Francis Kessler sold 8,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $80.91, for a total transaction of $647,280.00. Following the completion of the transaction, the chief executive officer now owns 78,104 shares in the company, valued at $6,319,394.64. The disclosure for this sale can be found here. Insiders sold 43,867 shares of company stock worth $3,370,272 in the last 90 days. Corporate insiders own 4.32% of the company’s stock.

RB Global Stock Down 0.8 %

Shares of RBA stock traded down $0.65 during trading on Friday, reaching $76.36. The company’s stock had a trading volume of 4,585,414 shares, compared to its average volume of 2,978,257. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.29 and a quick ratio of 1.17. The company has a market capitalization of $13.96 billion, a price-to-earnings ratio of 46.01, a P/E/G ratio of 5.26 and a beta of 0.88. The stock’s 50-day moving average price is $75.29 and its 200 day moving average price is $71.73. RB Global, Inc. has a 1-year low of $55.54 and a 1-year high of $81.74.

RB Global (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings data on Thursday, May 9th. The business services provider reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.15. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. RB Global had a net margin of 8.08% and a return on equity of 6.87%. On average, research analysts anticipate that RB Global, Inc. will post 2.04 EPS for the current year.

RB Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Wednesday, May 29th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Wednesday, May 29th. RB Global’s dividend payout ratio (DPR) is presently 65.06%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RBA. Scotiabank lifted their price target on shares of RB Global from $88.00 to $89.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 24th. CIBC began coverage on shares of RB Global in a research report on Tuesday, June 18th. They set a “sector outperform” rating and a $95.00 price target for the company. Finally, Bank of America lifted their price target on shares of RB Global from $68.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, RB Global presently has an average rating of “Moderate Buy” and an average target price of $84.14.

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.