RB Global, Inc. (NYSE:RBA) Shares Purchased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC increased its holdings in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 36.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,322 shares of the business services provider's stock after acquiring an additional 18,146 shares during the quarter. EverSource Wealth Advisors LLC's holdings in RB Global were worth $4,570,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in shares of RB Global by 3.8% in the third quarter. Principal Financial Group Inc. now owns 20,686 shares of the business services provider's stock valued at $1,293,000 after purchasing an additional 759 shares during the period. Advisor OS LLC increased its stake in shares of RB Global by 52.6% in the third quarter. Advisor OS LLC now owns 6,051 shares of the business services provider's stock valued at $378,000 after purchasing an additional 2,086 shares during the period. Canoe Financial LP acquired a new stake in shares of RB Global in the third quarter valued at approximately $56,967,000. Signaturefd LLC increased its stake in shares of RB Global by 132.1% in the third quarter. Signaturefd LLC now owns 1,727 shares of the business services provider's stock valued at $108,000 after purchasing an additional 983 shares during the period. Finally, Ieq Capital LLC increased its stake in shares of RB Global by 2.1% in the third quarter. Ieq Capital LLC now owns 40,550 shares of the business services provider's stock valued at $2,534,000 after purchasing an additional 852 shares during the period. Institutional investors and hedge funds own 95.37% of the company's stock.

Insider Buying and Selling

In related news, insider Darren Jeffrey Watt sold 1,100 shares of the firm's stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $77.05, for a total value of $84,755.00. Following the completion of the transaction, the insider now owns 21,103 shares of the company's stock, valued at approximately $1,625,986.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Darren Jeffrey Watt sold 1,100 shares of the firm's stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $77.05, for a total value of $84,755.00. Following the completion of the transaction, the insider now owns 21,103 shares of the company's stock, valued at approximately $1,625,986.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO James J. Jeter sold 11,416 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $76.32, for a total transaction of $871,269.12. Following the completion of the transaction, the executive now directly owns 30,915 shares of the company's stock, valued at approximately $2,359,432.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,816 shares of company stock valued at $1,133,055. Company insiders own 4.10% of the company's stock.

RB Global Price Performance

NYSE:RBA traded up $0.27 during trading hours on Tuesday, reaching $75.52. 480,179 shares of the company's stock were exchanged, compared to its average volume of 806,125. The company has a market capitalization of $13.81 billion, a P/E ratio of 45.54, a price-to-earnings-growth ratio of 5.64 and a beta of 0.88. RB Global, Inc. has a 12 month low of $51.41 and a 12 month high of $80.67. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.58. The business's 50-day simple moving average is $74.48 and its two-hundred day simple moving average is $69.15.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last issued its earnings results on Friday, February 23rd. The business services provider reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.14. The firm had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.04 billion. RB Global had a net margin of 8.08% and a return on equity of 6.87%. The firm's revenue for the quarter was up 134.5% compared to the same quarter last year. During the same period last year, the firm posted $0.40 earnings per share. Sell-side analysts expect that RB Global, Inc. will post 1.9 EPS for the current fiscal year.

RB Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Wednesday, May 29th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, May 29th. RB Global's payout ratio is 65.06%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Scotiabank raised their price target on shares of RB Global from $88.00 to $89.00 and gave the company a "sector outperform" rating in a research note on Wednesday, April 24th. Royal Bank of Canada raised their price objective on shares of RB Global from $75.00 to $93.00 and gave the company an "outperform" rating in a research note on Monday, February 26th. Raymond James raised their price objective on shares of RB Global from $78.00 to $90.00 and gave the company an "outperform" rating in a research note on Monday, February 26th. Finally, StockNews.com upgraded shares of RB Global from a "sell" rating to a "hold" rating in a research note on Friday, February 9th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, RB Global currently has an average rating of "Moderate Buy" and a consensus price target of $83.00.

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.

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