Coyle Financial Counsel LLC Sells 5,630 Shares of RB Global, Inc. (NYSE:RBA)

Coyle Financial Counsel LLC lowered its stake in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 23.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,898 shares of the business services provider's stock after selling 5,630 shares during the quarter. RB Global comprises approximately 0.5% of Coyle Financial Counsel LLC's investment portfolio, making the stock its 29th biggest position. Coyle Financial Counsel LLC's holdings in RB Global were worth $1,795,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of RBA. Proficio Capital Partners LLC bought a new stake in RB Global in the 4th quarter valued at about $36,000. Jones Financial Companies Lllp grew its position in RB Global by 49.4% in the fourth 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 in the last quarter. HighTower Advisors LLC boosted its position in RB Global by 8.0% during the fourth quarter. HighTower Advisors LLC now owns 17,222 shares of the business services provider's stock valued at $1,554,000 after buying an additional 1,271 shares during the period. Sequoia Financial Advisors LLC boosted its position in RB Global by 19.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,485 shares of the business services provider's stock valued at $314,000 after acquiring an additional 563 shares in the last quarter. Finally, Avantax Advisory Services Inc. lifted its holdings in shares of RB Global by 4.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 3,762 shares of the business services provider's stock valued at $339,000 after purchasing an additional 176 shares during the last quarter. Institutional investors and hedge funds own 95.37% of the company's stock.

Insider Activity

In other RB Global news, Director Adam Dewitt sold 800 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $106.17, for a total value of $84,936.00. Following the completion of the sale, the director owned 5,865 shares in the company, valued at $622,687.05. This trade represents a 12.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Andrew John Fesler sold 9,075 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider owned 5,532 shares in the company, valued at approximately $579,311.04. The trade was a 62.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,075 shares of company stock valued at $2,007,349 in the last ninety days. 4.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on RBA shares. Wall Street Zen downgraded shares of RB Global from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. National Bank Financial cut shares of RB Global from a "strong-buy" rating to a "hold" rating in a report on Sunday, May 25th. National Bankshares dropped their price objective on shares of RB Global from $118.00 to $115.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Robert W. Baird lifted their target price 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. Finally, Royal Bank Of Canada set a $125.00 price objective on shares of RB Global and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. 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 has an average rating of "Moderate Buy" and an average price target of $115.79.

RB Global Stock Performance

RBA stock traded down $1.85 during mid-day trading on Tuesday, reaching $107.81. 1,030,311 shares of the stock traded hands, compared to its average volume of 959,504. 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 firm has a market capitalization of $19.97 billion, a PE ratio of 53.11, a P/E/G ratio of 2.47 and a beta of 0.77. The business has a 50-day moving average of $105.72 and a two-hundred day moving average of $99.09. RB Global, Inc. has a 52 week low of $70.38 and a 52 week high of $111.07.

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, meeting the consensus estimate 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 analyst estimates of $1.02 billion. During the same period in the previous year, the business earned $0.90 EPS. The firm's revenue was up 4.1% on a year-over-year basis. As a group, equities analysts predict that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

RB Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Thursday, May 29th were given a $0.29 dividend. The ex-dividend date was Thursday, May 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.08%. RB Global's dividend payout ratio (DPR) is presently 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.