29,127 Shares in RB Global, Inc. (NYSE:RBA) Purchased by Members Wealth LLC

Members Wealth LLC acquired a new stake in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 29,127 shares of the business services provider's stock, valued at approximately $2,738,000. RB Global makes up 2.1% of Members Wealth LLC's investment portfolio, making the stock its 12th biggest position.

Several other institutional investors have also bought and sold shares of RBA. CoreCap Advisors LLC raised its holdings in shares of RB Global by 74.5% in the 4th quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider's stock worth $25,000 after purchasing an additional 117 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in RB Global by 49.4% during the 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock worth $35,000 after buying an additional 129 shares during the period. Proficio Capital Partners LLC acquired a new stake in RB Global during the 4th quarter worth about $36,000. Whipplewood Advisors LLC purchased a new stake in RB Global during the fourth quarter valued at about $37,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of RB Global in the fourth quarter worth about $40,000. Institutional investors and hedge funds own 95.37% of the company's stock.

Analyst Upgrades and Downgrades

RBA has been the topic of a number of recent analyst reports. Robert W. Baird boosted their price target 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. Royal Bank of Canada lifted their price objective on shares of RB Global from $107.00 to $116.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Wall Street Zen upgraded RB Global from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. CIBC raised their target price on RB Global from $116.00 to $118.00 and gave the stock an "outperformer" rating in a research report on Friday, May 9th. Finally, National Bank Financial lowered RB Global from a "strong-buy" rating to a "hold" rating in a research report on Sunday, May 25th. Two investment 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.com, RB Global has a consensus rating of "Moderate Buy" and a consensus target price of $114.50.

RB Global Stock Up 1.4%

Shares of RB Global stock traded up $1.43 during trading on Friday, hitting $105.31. 1,293,776 shares of the stock traded hands, compared to its average volume of 1,134,677. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.29. The stock has a market cap of $19.50 billion, a P/E ratio of 52.39, a PEG ratio of 4.95 and a beta of 0.78. The company has a fifty day moving average price of $100.68 and a two-hundred day moving average price of $96.75. RB Global, Inc. has a twelve month low of $70.27 and a twelve month high of $109.25.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last posted its earnings results on Wednesday, May 7th. The business services provider reported $0.89 earnings per share for the quarter, meeting the consensus estimate of $0.89. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. RB Global had a return on equity of 8.00% and a net margin of 9.64%. The business's revenue was up 4.1% compared to the same quarter last year. During the same period last year, the company earned $0.90 earnings per share. Equities research analysts predict that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

RB Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, May 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.10%. RB Global's payout ratio is currently 57.14%.

Insider Buying and Selling at RB Global

In other RB Global news, CRO James J. Jeter sold 7,597 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $97.85, for a total value of $743,366.45. Following the sale, the executive now owns 20,267 shares of the company's stock, valued at $1,983,125.95. This trade represents a 27.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO James Francis Kessler sold 15,700 shares of RB Global stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $97.81, for a total value of $1,535,617.00. Following the completion of the transaction, the chief executive officer now directly owns 107,569 shares in the company, valued at approximately $10,521,323.89. This represents a 12.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,472 shares of company stock worth $3,867,745 over the last 90 days. Insiders own 4.32% of the company's stock.

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.