Whipplewood Advisors LLC Acquires 137 Shares of RB Global, Inc. $RBA

Whipplewood Advisors LLC lifted its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 42.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 456 shares of the business services provider’s stock after buying an additional 137 shares during the period. Whipplewood Advisors LLC’s holdings in RB Global were worth $48,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA raised its position in shares of RB Global by 3.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 10,241,186 shares of the business services provider’s stock worth $1,027,191,000 after acquiring an additional 352,530 shares in the last quarter. Fiera Capital Corp raised its position in shares of RB Global by 17.3% in the 1st quarter. Fiera Capital Corp now owns 3,773,914 shares of the business services provider’s stock worth $379,150,000 after acquiring an additional 557,407 shares in the last quarter. Invesco Ltd. raised its position in shares of RB Global by 26.9% in the 1st quarter. Invesco Ltd. now owns 2,436,296 shares of the business services provider’s stock worth $244,360,000 after acquiring an additional 516,865 shares in the last quarter. Wellington Management Group LLP increased its position in RB Global by 1.1% in the 1st quarter. Wellington Management Group LLP now owns 1,854,476 shares of the business services provider’s stock valued at $186,098,000 after buying an additional 19,543 shares in the last quarter. Finally, Alyeska Investment Group L.P. increased its position in RB Global by 44.4% in the 1st quarter. Alyeska Investment Group L.P. now owns 1,508,784 shares of the business services provider’s stock valued at $151,331,000 after buying an additional 463,844 shares in the last quarter. 95.37% of the stock is owned by institutional investors.

Insider Buying and Selling at RB Global

In other news, insider Michael Thomas Steven Lewis sold 2,151 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $118.15, for a total value of $254,140.65. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.28% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on RBA shares. Royal Bank Of Canada boosted their target price on RB Global from $125.00 to $132.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. BMO Capital Markets boosted their target price on RB Global from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. National Bankshares decreased their target price on RB Global from $113.00 to $111.00 and set a “sector perform” rating for the company in a research report on Thursday, October 9th. Weiss Ratings lowered RB Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday. Finally, Wall Street Zen raised RB Global from a “hold” rating to a “buy” rating in a research report on Saturday. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $124.00.

RB Global Stock Performance

Shares of RBA opened at $101.51 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.22 and a current ratio of 1.28. The stock has a 50 day moving average price of $110.57 and a two-hundred day moving average price of $107.46. The firm has a market capitalization of $18.85 billion, a P/E ratio of 50.25, a P/E/G ratio of 2.37 and a beta of 0.65. RB Global, Inc. has a 52 week low of $84.31 and a 52 week high of $119.58.

RB Global (NYSE:RBA) (TSE:RBA) last announced its earnings results on Wednesday, August 6th. The business services provider reported $1.07 earnings per share for the quarter, topping 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 firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the business earned $0.94 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. Equities analysts forecast that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, August 28th. This is a boost from RB Global’s previous quarterly dividend of $0.29. RB Global’s dividend payout ratio (DPR) is presently 61.39%.

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.