Wealth Enhancement Advisory Services LLC Increases Stock Holdings in RB Global, Inc. (NYSE:RBA)

Wealth Enhancement Advisory Services LLC raised its position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 18.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,883 shares of the business services provider’s stock after acquiring an additional 752 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in RB Global were worth $441,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC grew its stake in 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 in the last quarter. Jones Financial Companies Lllp lifted its holdings in 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 during the last quarter. Proficio Capital Partners LLC purchased a new stake in RB Global during the fourth quarter worth approximately $36,000. Whipplewood Advisors LLC purchased a new stake in shares of RB Global during the 4th quarter worth approximately $37,000. Finally, SRS Capital Advisors Inc. lifted its position in RB Global by 163.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 645 shares of the business services provider’s stock valued at $58,000 after acquiring an additional 400 shares during the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at RB Global

In other news, insider Andrew John Fesler sold 9,075 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 5,532 shares of the company’s stock, valued at approximately $579,311.04. The trade was a 62.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO James Francis Kessler sold 15,700 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $97.81, for a total transaction of $1,535,617.00. Following the completion of the transaction, the chief executive officer now directly owns 107,569 shares of the company’s stock, valued at approximately $10,521,323.89. The trade was a 12.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,972 shares of company stock worth $4,345,510 in the last quarter. 4.32% of the stock is owned by insiders.

RB Global Stock Down 0.1%

Shares of NYSE:RBA opened at $107.41 on Friday. 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 company has a market capitalization of $19.89 billion, a P/E ratio of 53.44, a P/E/G ratio of 4.95 and a beta of 0.78. RB Global, Inc. has a 52-week low of $70.38 and a 52-week high of $109.25. The stock’s fifty day simple moving average is $102.13 and its 200-day simple moving average is $97.47.

RB Global (NYSE:RBA) (TSE:RBA) last released its earnings results on Wednesday, May 7th. The business services provider reported $0.89 EPS for the quarter, hitting the consensus estimate of $0.89. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. RB Global had a net margin of 9.64% and a return on equity of 8.00%. RB Global’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.90 EPS. As a group, equities research analysts forecast that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be issued a $0.29 dividend. The ex-dividend date is Thursday, May 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.08%. RB Global’s payout ratio is 57.14%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. CIBC boosted their price objective on RB Global from $116.00 to $118.00 and gave the company an “outperformer” rating in a research note on Friday, May 9th. Wall Street Zen cut shares of RB Global from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Royal Bank of Canada boosted their target price on RB Global from $107.00 to $116.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. National Bankshares cut their price target on shares of RB Global from $118.00 to $115.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Finally, Robert W. Baird upped their price target on RB Global from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.50.

About RB Global

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.