Ritholtz Wealth Management Increases Holdings in RB Global, Inc. (NYSE:RBA)

Ritholtz Wealth Management increased its stake in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 65.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,952 shares of the business services provider's stock after acquiring an additional 4,322 shares during the period. Ritholtz Wealth Management's holdings in RB Global were worth $1,098,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. CoreCap Advisors LLC boosted its stake in shares of RB Global by 74.5% during the fourth quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider's stock valued at $25,000 after purchasing an additional 117 shares during the period. MV Capital Management Inc. raised its holdings in 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 valued at $28,000 after buying an additional 278 shares during the last quarter. Jones Financial Companies Lllp boosted its position 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 valued at $35,000 after buying an additional 129 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of RB Global in the fourth quarter worth about $36,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of RB Global in the 4th quarter worth approximately $37,000. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Royal Bank Of Canada boosted their price objective on shares of RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Robert W. Baird increased their price target on shares of RB Global from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. 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 report on Wednesday, April 9th. CIBC increased 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $114.50.

Insider Buying and Selling

In other RB Global news, CRO James J. Jeter sold 600 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $98.63, for a total transaction of $59,178.00. Following the completion of the sale, the executive now directly owns 19,667 shares of the company's stock, valued at approximately $1,939,756.21. This represents a 2.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew John Fesler sold 9,075 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $104.72, for a total transaction of $950,334.00. Following the sale, the insider now directly owns 5,532 shares of the company's stock, valued at approximately $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 quarter, insiders have sold 19,675 shares of company stock worth $2,066,527. 0.28% of the stock is owned by insiders.

RB Global Stock Down 0.3%

Shares of NYSE:RBA traded down $0.36 on Wednesday, hitting $104.58. 570,550 shares of the company traded hands, compared to its average volume of 1,089,424. The stock has a 50 day simple moving average of $102.99 and a 200-day simple moving average of $97.64. 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 cap of $19.37 billion, a PE ratio of 51.52, a PEG ratio of 3.77 and a beta of 0.78. RB Global, Inc. has a 52 week low of $70.38 and a 52 week high of $109.25.

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 EPS for the quarter, meeting the consensus estimate of $0.89. RB Global had a return on equity of 8.03% and a net margin of 9.68%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the business posted $0.90 EPS. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.11%. 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.