RB Global, Inc. $RBA Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its stake in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 13.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,009 shares of the business services provider’s stock after acquiring an additional 478 shares during the period. Sequoia Financial Advisors LLC’s holdings in RB Global were worth $426,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Montrusco Bolton Investments Inc. purchased a new position in shares of RB Global during the 2nd quarter valued at about $19,717,000. MGO One Seven LLC raised its stake in shares of RB Global by 30.8% during the 2nd quarter. MGO One Seven LLC now owns 3,408 shares of the business services provider’s stock valued at $362,000 after buying an additional 803 shares during the last quarter. CWM LLC raised its stake in shares of RB Global by 9.2% during the 2nd quarter. CWM LLC now owns 2,155 shares of the business services provider’s stock valued at $229,000 after buying an additional 181 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of RB Global by 16.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,739 shares of the business services provider’s stock valued at $2,308,000 after buying an additional 3,042 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of RB Global by 6.5% during the 2nd quarter. Blue Trust Inc. now owns 2,110 shares of the business services provider’s stock valued at $224,000 after buying an additional 129 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

RB Global Price Performance

Shares of RB Global stock opened at $99.69 on Tuesday. The business has a 50 day simple moving average of $112.11 and a two-hundred day simple moving average of $107.16. RB Global, Inc. has a 12 month low of $80.98 and a 12 month high of $119.58. The stock has a market capitalization of $18.51 billion, a P/E ratio of 49.35, a PEG ratio of 2.30 and a beta of 0.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.28 and a quick ratio of 1.22.

RB Global (NYSE:RBA) (TSE:RBA) last announced its earnings results on Wednesday, August 6th. The business services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.12. RB Global had a return on equity of 9.42% and a net margin of 9.46%.The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the firm earned $0.94 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. As a group, analysts predict that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

RB Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, August 28th. This is an increase from RB Global’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. RB Global’s payout ratio is currently 61.39%.

Analyst Ratings Changes

RBA has been the subject of a number of recent research reports. National Bankshares reduced their price objective on RB Global from $113.00 to $111.00 and set a “sector perform” rating for the company in a research note on Thursday, October 9th. BMO Capital Markets lifted their price objective on RB Global from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Royal Bank Of Canada lifted their price objective on RB Global from $125.00 to $132.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Weiss Ratings upgraded RB Global from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered RB Global from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $124.00.

Insider Activity at RB Global

In other RB Global news, insider Michael Thomas Steven Lewis sold 2,151 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $118.15, for a total transaction of $254,140.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.32% of the stock is owned by insiders.

RB Global 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.