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

Members Wealth LLC bought 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 SEC. The institutional investor bought 29,127 shares of the business services provider's stock, valued at approximately $2,738,000. RB Global accounts for approximately 2.1% of Members Wealth LLC's investment portfolio, making the stock its 12th largest holding.

A number of other large investors also recently added to or reduced their stakes in the business. Natixis Advisors LLC increased its stake in RB Global by 69.5% during the 4th quarter. Natixis Advisors LLC now owns 18,877 shares of the business services provider's stock worth $1,703,000 after purchasing an additional 7,737 shares in the last quarter. Mawer Investment Management Ltd. grew its stake in shares of RB Global by 15.7% in the fourth quarter. Mawer Investment Management Ltd. now owns 120,564 shares of the business services provider's stock valued at $10,876,000 after buying an additional 16,397 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of RB Global by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 24,916,629 shares of the business services provider's stock valued at $2,248,060,000 after buying an additional 358,752 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in RB Global by 9.2% during the 4th quarter. MetLife Investment Management LLC now owns 103,934 shares of the business services provider's stock valued at $9,376,000 after purchasing an additional 8,723 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in RB Global by 16.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 100,318 shares of the business services provider's stock valued at $9,050,000 after purchasing an additional 13,836 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on RBA. BMO Capital Markets lifted their target price on RB Global from $116.00 to $120.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Robert W. Baird lifted their target price on RB Global from $110.00 to $115.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Wall Street Zen cut RB Global from a "buy" rating to a "hold" rating in a research report on Friday. Raymond James boosted their price target on RB Global from $118.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Finally, National Bankshares cut their price objective on RB Global from $118.00 to $115.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.50.

RB Global Trading Up 1.4%

RBA traded up $1.43 during trading on Friday, hitting $105.31. The company's stock had a trading volume of 1,293,776 shares, compared to its average volume of 1,134,544. RB Global, Inc. has a twelve month low of $70.27 and a twelve month high of $109.25. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.50. The stock's fifty day moving average price is $100.68 and its 200-day moving average price is $96.82. The firm has a market capitalization of $19.50 billion, a P/E ratio of 52.39, a PEG ratio of 4.95 and a beta of 0.78.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last issued its earnings results on Wednesday, May 7th. The business services provider reported $0.89 earnings per share for the quarter, hitting analysts' consensus estimates of $0.89. RB Global had a return on equity of 8.00% and a net margin of 9.64%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the firm earned $0.90 earnings per share. RB Global'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 EPS for the current year.

RB Global Dividend Announcement

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

Insider Buying and Selling

In other RB Global news, insider Andrew John Fesler sold 9,075 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $104.72, for a total value of $950,334.00. Following the completion of the transaction, the insider now owns 5,532 shares in the company, valued at $579,311.04. This represents a 62.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Francis Kessler sold 15,700 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $97.81, for a total value of $1,535,617.00. Following the transaction, the chief executive officer now directly owns 107,569 shares in the company, valued at $10,521,323.89. This represents a 12.74% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,472 shares of company stock worth $3,867,745. 4.32% of the stock is owned by corporate insiders.

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.