Oppenheimer Asset Management Inc. Sells 26,812 Shares of RB Global, Inc. (NYSE:RBA)

Oppenheimer Asset Management Inc. decreased its position in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 11.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 207,763 shares of the business services provider's stock after selling 26,812 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.11% of RB Global worth $20,839,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CoreCap Advisors LLC grew its stake in shares of RB Global by 74.5% during the 4th quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider's stock worth $25,000 after acquiring an additional 117 shares during the period. MV Capital Management Inc. grew its stake in shares of RB Global by 5,560.0% during the 1st quarter. MV Capital Management Inc. now owns 283 shares of the business services provider's stock worth $28,000 after acquiring an additional 278 shares during the period. Jones Financial Companies Lllp grew its stake in shares of 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 acquiring an additional 129 shares during the period. Whipplewood Advisors LLC bought a new position in shares of RB Global during the 4th quarter worth $37,000. Finally, SRS Capital Advisors Inc. grew its stake in shares of RB Global by 163.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 645 shares of the business services provider's stock worth $58,000 after acquiring an additional 400 shares during the period. Institutional investors own 95.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on RBA shares. National Bank Financial downgraded RB Global from a "strong-buy" rating to a "hold" rating in a research note on Sunday, May 25th. Wall Street Zen upgraded RB Global from a "hold" rating to a "buy" rating in a research note on Saturday. Robert W. Baird raised their target price on RB Global from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. 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. Finally, National Bankshares cut their target price on RB Global from $118.00 to $115.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $114.50.

Insider Buying and Selling

In related news, Director Adam Dewitt sold 800 shares of the business'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 value of $84,936.00. Following the completion of the sale, the director now owns 5,865 shares in the company, valued at $622,687.05. The trade was a 12.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Andrew John Fesler sold 9,075 shares of the business's stock in a transaction that occurred 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 sale, the insider now owns 5,532 shares of the company's stock, valued at $579,311.04. The trade was a 62.13% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,075 shares of company stock worth $2,007,349. Insiders own 0.28% of the company's stock.

RB Global Price Performance

NYSE RBA traded up $1.45 during trading hours on Tuesday, hitting $105.74. The company had a trading volume of 1,145,562 shares, compared to its average volume of 976,323. RB Global, Inc. has a 52 week low of $70.38 and a 52 week high of $109.25. The firm has a 50 day simple moving average of $103.80 and a 200 day simple moving average of $97.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.21 and a current ratio of 1.31. The firm has a market capitalization of $19.58 billion, a price-to-earnings ratio of 52.09, a PEG ratio of 3.71 and a beta of 0.78.

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, meeting analysts' consensus estimates of $0.89. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. RB Global had a return on equity of 8.03% and a net margin of 9.68%. The company's revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the company posted $0.90 EPS. Equities research analysts expect that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Thursday, May 29th. RB Global's dividend payout ratio (DPR) is 57.14%.

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.