Avior Wealth Management LLC Has $189,000 Stock Position in RB Global, Inc. (NYSE:RBA)

Avior Wealth Management LLC reduced its stake in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 85.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in RBA. Blue Trust Inc. grew its position in RB Global by 44.3% in the 1st 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 during the last quarter. State of Alaska Department of Revenue boosted its position in shares of RB Global by 2.7% during the first 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. grew 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 in the last quarter. Ritholtz Wealth Management increased its position 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 acquiring an additional 4,322 shares during the period. 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 owned by institutional investors and hedge funds.

RB Global Price Performance

RB Global stock traded down $0.91 during midday trading on Wednesday, hitting $104.70. The company's stock had a trading volume of 1,290,777 shares, compared to its average volume of 973,624. RB Global, Inc. has a 12 month low of $70.38 and a 12 month high of $109.25. The company has a quick ratio of 1.21, a current ratio of 1.31 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $19.39 billion, a PE ratio of 51.58, a price-to-earnings-growth ratio of 3.76 and a beta of 0.78. The stock's 50-day moving average price is $103.96 and its 200-day moving average price is $97.94.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last released its earnings results on Wednesday, May 7th. The business services provider reported $0.89 EPS for the quarter, hitting analysts' consensus estimates of $0.89. RB Global had a net margin of 9.68% and a return on equity of 8.03%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm earned $0.90 EPS. The business's revenue for the quarter was up 4.1% on a year-over-year basis. Analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Thursday, May 29th were issued a $0.29 dividend. The ex-dividend date was Thursday, May 29th. This represents a $1.16 annualized dividend and a dividend yield of 1.11%. RB Global's dividend payout ratio is currently 57.14%.

Insider Activity

In related news, insider Darren Jeffrey Watt sold 3,700 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $106.17, for a total value of $392,829.00. Following the completion of the sale, the insider now owns 24,874 shares in the company, valued at approximately $2,640,872.58. This represents a 12.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Adam Dewitt sold 800 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $106.17, for a total transaction of $84,936.00. Following the completion of the transaction, the director now directly owns 5,865 shares of the company's stock, valued at $622,687.05. This represents a 12.00% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,075 shares of company stock worth $2,007,349. Insiders own 4.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. National Bank Financial cut RB Global from a "strong-buy" rating to a "hold" rating in a research note on Sunday, May 25th. National Bankshares decreased their target price on shares of RB Global from $118.00 to $115.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. CIBC raised their target price on shares of RB Global from $116.00 to $118.00 and gave the company an "outperformer" rating in a research note on Friday, May 9th. Wall Street Zen raised shares of RB Global from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Robert W. Baird increased their price objective on shares of RB Global from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, RB Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.50.

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.