Sigma Planning Corp Invests $365,000 in RB Global, Inc. (NYSE:RBA)

Sigma Planning Corp acquired a new position in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,636 shares of the business services provider's stock, valued at approximately $365,000.

Other institutional investors have also recently modified their holdings of the company. CoreCap Advisors LLC raised its position 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 purchasing an additional 117 shares during the last quarter. MV Capital Management Inc. raised its holdings in RB Global by 5,560.0% in the 1st quarter. MV Capital Management Inc. now owns 283 shares of the business services provider's stock valued at $28,000 after acquiring an additional 278 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in RB Global in the 4th quarter valued at $36,000. Murphy & Mullick Capital Management Corp acquired a new position in RB Global in the 4th quarter valued at $59,000. Finally, Nisa Investment Advisors LLC raised its holdings in RB Global by 10.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,060 shares of the business services provider's stock valued at $106,000 after acquiring an additional 104 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

RB Global Trading Up 1.1%

Shares of RBA stock traded up $1.14 on Wednesday, reaching $108.46. 891,505 shares of the stock were exchanged, compared to its average volume of 961,015. The stock has a market cap of $20.09 billion, a P/E ratio of 53.43, a price-to-earnings-growth ratio of 2.47 and a beta of 0.77. 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 50 day moving average of $106.52 and a two-hundred day moving average of $99.97. RB Global, Inc. has a 1-year low of $70.38 and a 1-year high of $111.71.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last announced its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.89 earnings per share (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 firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the firm earned $0.90 EPS. The firm's quarterly revenue was up 4.1% compared to the same quarter last year. On average, research analysts anticipate that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were issued a $0.29 dividend. The ex-dividend date was Thursday, May 29th. This represents a $1.16 annualized dividend and a yield of 1.07%. RB Global's dividend payout ratio is currently 57.14%.

Insider Transactions at RB Global

In other RB Global news, insider Darren Jeffrey Watt sold 7,400 shares of the company's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $110.00, for a total value of $814,000.00. Following the completion of the transaction, the insider directly owned 24,874 shares of the company's stock, valued at $2,736,140. This represents a 22.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO James Francis Kessler sold 45,658 shares of the company's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $110.00, for a total transaction of $5,022,380.00. Following the completion of the transaction, the chief executive officer directly owned 107,569 shares of the company's stock, valued at approximately $11,832,590. The trade was a 29.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 72,133 shares of company stock worth $7,843,729 in the last quarter. 4.32% of the stock is owned by corporate insiders.

Analyst Ratings Changes

RBA has been the subject of several analyst reports. CIBC boosted their price target on RB Global from $118.00 to $121.00 and gave the company an "outperformer" rating in a report on Friday, July 18th. Royal Bank Of Canada set a $125.00 price target on RB Global and gave the company an "outperform" rating in a report on Wednesday, July 2nd. National Bankshares cut their price target on RB Global from $118.00 to $115.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Robert W. Baird boosted their price target on RB Global from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Finally, National Bank Financial downgraded RB Global from a "strong-buy" rating to a "hold" rating in a 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. Based on data from MarketBeat.com, RB Global currently has an average rating of "Moderate Buy" and an average target price of $116.21.

RB Global Company 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.