Avior Wealth Management LLC Sells 11,333 Shares of RB Global, Inc. (NYSE:RBA)

Avior Wealth Management LLC lowered its position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 85.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,881 shares of the business services provider's stock after selling 11,333 shares during the quarter. Avior Wealth Management LLC's holdings in RB Global were worth $189,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RBA. Blue Trust Inc. increased its stake in shares of RB Global by 44.3% in the first quarter. Blue Trust Inc. now owns 1,981 shares of the business services provider's stock worth $199,000 after purchasing an additional 608 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in RB Global by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 21,600 shares of the business services provider's stock worth $2,166,000 after buying an additional 575 shares during the period. QRG Capital Management Inc. boosted its holdings in RB Global by 122.2% in the 1st quarter. QRG Capital Management Inc. now owns 7,678 shares of the business services provider's stock worth $770,000 after buying an additional 4,222 shares during the period. Ritholtz Wealth Management grew its stake in RB Global by 65.2% in the 1st quarter. Ritholtz Wealth Management now owns 10,952 shares of the business services provider's stock valued at $1,098,000 after buying an additional 4,322 shares in the last quarter. Finally, Paragon Capital Management Ltd bought a new stake in RB Global during the 1st quarter valued at $224,000. 95.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RBA has been the subject of a number of analyst reports. Wall Street Zen raised RB Global from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Raymond James Financial raised their target price on RB Global from $118.00 to $125.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. National Bankshares decreased their price target on RB Global from $118.00 to $115.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. CIBC increased their price target on shares of RB Global from $116.00 to $118.00 and gave the stock an "outperformer" rating in a report on Friday, May 9th. Finally, Robert W. Baird boosted their price objective on shares of RB Global from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $114.50.

Insiders Place Their Bets

In other RB Global news, CRO James J. Jeter sold 3,500 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $104.38, for a total value of $365,330.00. Following the completion of the sale, the executive now directly owns 16,167 shares of the company's stock, valued at $1,687,511.46. The trade was a 17.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Andrew John Fesler sold 9,075 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $104.72, for a total value of $950,334.00. Following the completion of the sale, the insider now directly owns 5,532 shares of the company's stock, valued at approximately $579,311.04. This trade represents a 62.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,075 shares of company stock valued at $2,007,349 over the last quarter. 4.32% of the stock is owned by corporate insiders.

RB Global Price Performance

NYSE:RBA traded up $0.34 during midday trading on Friday, hitting $105.73. The company had a trading volume of 1,232,372 shares, compared to its average volume of 972,531. The company has a market capitalization of $19.58 billion, a PE ratio of 52.09, a P/E/G ratio of 3.73 and a beta of 0.78. The company has a quick ratio of 1.21, a current ratio of 1.31 and a debt-to-equity ratio of 0.50. RB Global, Inc. has a 52-week low of $70.38 and a 52-week high of $109.87. The stock's fifty day moving average price is $104.12 and its 200-day moving average price is $98.00.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last issued its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.89. RB Global had a return on equity of 8.03% and a net margin of 9.68%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the company posted $0.90 earnings per share. The company's revenue was up 4.1% compared to the same quarter last year. As a group, research analysts expect 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 Friday, June 20th. Shareholders of record on Thursday, May 29th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Thursday, May 29th. RB Global's dividend payout ratio is currently 57.14%.

About RB Global

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.