Bray Capital Advisors Acquires Shares of 14,705 RB Global, Inc. (NYSE:RBA)

Bray Capital Advisors bought a new position in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,705 shares of the business services provider's stock, valued at approximately $984,000.

Other large investors have also modified their holdings of the company. Cary Street Partners Investment Advisory LLC purchased a new position in shares of RB Global during the 3rd quarter worth approximately $26,000. Headlands Technologies LLC acquired a new stake in shares of RB Global in the 3rd quarter worth approximately $26,000. Cornerstone Planning Group LLC acquired a new stake in RB Global during the 2nd quarter valued at $45,000. Quilter Plc acquired a new stake in RB Global during the 1st quarter valued at $587,759,000. Finally, WASHINGTON TRUST Co acquired a new stake in RB Global during the 3rd quarter valued at $56,000. 95.37% of the stock is owned by hedge funds and other institutional investors.

RB Global Trading Down 0.4 %

RB Global stock traded down $0.26 during midday trading on Friday, reaching $73.06. The stock had a trading volume of 565,422 shares, compared to its average volume of 617,514. RB Global, Inc. has a twelve month low of $51.07 and a twelve month high of $77.99. The stock has a market capitalization of $13.35 billion, a PE ratio of 85.95, a price-to-earnings-growth ratio of 5.55 and a beta of 0.87. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.23 and a current ratio of 1.35. The stock's 50-day simple moving average is $73.50 and its 200 day simple moving average is $67.52.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last issued its quarterly earnings data on Friday, February 23rd. The business services provider reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.14. The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.04 billion. RB Global had a return on equity of 4.19% and a net margin of 5.61%. The firm's quarterly revenue was up 134.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 earnings per share. Analysts expect that RB Global, Inc. will post 1.88 EPS for the current year.

RB Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Thursday, February 8th. RB Global's dividend payout ratio is presently 127.06%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Royal Bank of Canada increased their target price on RB Global from $75.00 to $93.00 and gave the company an "outperform" rating in a report on Monday, February 26th. StockNews.com raised RB Global from a "sell" rating to a "hold" rating in a research report on Friday, February 9th. Raymond James lifted their price objective on RB Global from $78.00 to $90.00 and gave the company an "outperform" rating in a research report on Monday, February 26th. Finally, Scotiabank lifted their price objective on RB Global from $76.00 to $88.00 and gave the company a "sector outperform" rating in a research report on Monday, February 26th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $82.80.

Insiders Place Their Bets

In other news, CRO James J. Jeter sold 11,416 shares of RB Global stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $76.32, for a total transaction of $871,269.12. Following the sale, the executive now directly owns 30,915 shares of the company's stock, valued at $2,359,432.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Darren Jeffrey Watt sold 2,300 shares of RB Global stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $76.97, for a total transaction of $177,031.00. Following the sale, the insider now directly owns 21,103 shares of the company's stock, valued at $1,624,297.91. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CRO James J. Jeter sold 11,416 shares of the business's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $76.32, for a total value of $871,269.12. Following the completion of the sale, the executive now directly owns 30,915 shares of the company's stock, valued at $2,359,432.80. The disclosure for this sale can be found here. Insiders have sold a total of 14,816 shares of company stock worth $1,133,055 over the last quarter. 4.32% of the stock is owned by corporate insiders.

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.