RB Global, Inc. (NYSE:RBA) Shares Sold by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC lessened its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 0.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,450 shares of the business services provider’s stock after selling 187 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in RB Global were worth $2,929,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its holdings in RB Global by 3.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 704,778 shares of the business services provider’s stock valued at $53,683,000 after acquiring an additional 26,548 shares in the last quarter. Diversified Trust Co grew its stake in RB Global by 86.2% in the first quarter. Diversified Trust Co now owns 45,168 shares of the business services provider’s stock worth $3,440,000 after purchasing an additional 20,910 shares in the last quarter. WoodTrust Financial Corp increased its holdings in RB Global by 1.5% in the first quarter. WoodTrust Financial Corp now owns 32,904 shares of the business services provider’s stock valued at $2,506,000 after buying an additional 499 shares during the last quarter. Armstrong Henry H Associates Inc. acquired a new position in shares of RB Global in the 1st quarter worth approximately $591,000. Finally, Running Oak Capital LLC increased its holdings in shares of RB Global by 9.3% in the 1st quarter. Running Oak Capital LLC now owns 147,531 shares of the business services provider’s stock valued at $11,237,000 after acquiring an additional 12,534 shares during the last quarter. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

RB Global Stock Performance

Shares of RBA traded down $0.64 during midday trading on Friday, hitting $76.64. 92,763 shares of the stock traded hands, compared to its average volume of 1,168,766. The business’s 50 day moving average price is $75.57 and its two-hundred day moving average price is $72.08. The firm has a market capitalization of $14.01 billion, a PE ratio of 46.55, a price-to-earnings-growth ratio of 5.28 and a beta of 0.91. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.17 and a current ratio of 1.29. 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 posted its earnings results on Thursday, May 9th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.15. RB Global had a net margin of 8.08% and a return on equity of 6.87%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. Equities research analysts predict that RB Global, Inc. will post 2.04 EPS for the current fiscal year.

RB Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Wednesday, May 29th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Wednesday, May 29th. RB Global’s dividend payout ratio (DPR) is 65.06%.

Insider Activity at RB Global

In other RB Global news, CEO James Francis Kessler sold 8,000 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was 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 approximately $6,319,394.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other RB Global news, CEO James Francis Kessler sold 8,000 shares of the business’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 sale, the chief executive officer now directly owns 78,104 shares in the company, valued at approximately $6,319,394.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Baron Concors sold 13,230 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $75.05, for a total transaction of $992,911.50. Following the transaction, the insider now owns 15,487 shares in the company, valued at approximately $1,162,299.35. The disclosure for this sale can be found here. Insiders have sold a total of 43,867 shares of company stock worth $3,370,272 in the last three months. 4.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.