RB Global, Inc. (NYSE:RBA) Stake Decreased by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE trimmed its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 20.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,064 shares of the business services provider’s stock after selling 765 shares during the quarter. Congress Wealth Management LLC DE’s holdings in RB Global were worth $276,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RBA. Central Pacific Bank Trust Division acquired a new position in shares of RB Global during the fourth quarter valued at $27,000. Versant Capital Management Inc grew its position in RB Global by 136.4% in the 4th quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock valued at $28,000 after buying an additional 176 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of RB Global by 49.4% during the 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider’s stock worth $35,000 after buying an additional 129 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of RB Global during the 4th quarter worth about $36,000. Finally, Whipplewood Advisors LLC acquired 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 institutional investors and hedge funds.

Insider Transactions at RB Global

In other RB Global news, CRO James J. Jeter sold 7,597 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $97.85, for a total transaction of $743,366.45. Following the completion of the sale, the executive now directly owns 20,267 shares in the company, valued at approximately $1,983,125.95. This trade represents a 27.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO James Francis Kessler sold 15,700 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $97.81, for a total transaction of $1,535,617.00. Following the completion of the sale, the chief executive officer now directly owns 107,569 shares of the company’s stock, valued at $10,521,323.89. This trade represents a 12.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,897 shares of company stock valued at $2,338,161 over the last quarter. Company insiders own 4.32% of the company’s stock.

RB Global Trading Down 2.4 %

NYSE:RBA opened at $97.90 on Friday. The stock has a fifty day simple moving average of $96.38 and a 200 day simple moving average of $91.43. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $18.09 billion, a price-to-earnings ratio of 48.70, a price-to-earnings-growth ratio of 4.95 and a beta of 0.94. RB Global, Inc. has a 1-year low of $69.83 and a 1-year high of $106.90.

RB Global (NYSE:RBA) (TSE:RBA) last released its earnings results on Tuesday, February 18th. The business services provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.23). The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.06 billion. RB Global had a return on equity of 8.00% and a net margin of 9.64%. During the same period last year, the business earned $0.82 earnings per share. Sell-side analysts forecast that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a $0.29 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.18%. RB Global’s payout ratio is currently 57.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on RBA shares. Raymond James boosted their target price on RB Global from $110.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Royal Bank of Canada boosted their price objective on RB Global from $107.00 to $116.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. StockNews.com cut RB Global from a “buy” rating to a “hold” rating in a research note on Wednesday. CIBC dropped their price target on shares of RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a research report on Monday, February 3rd. Finally, Robert W. Baird raised their price objective on shares of RB Global from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $107.64.

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.