Marks Group Wealth Management Inc decreased its stake in shares of RB Global, Inc. (NYSE:RBA – Free Report) (TSE:RBA) by 13.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,966 shares of the business services provider’s stock after selling 10,712 shares during the period. Marks Group Wealth Management Inc’s holdings in RB Global were worth $6,419,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. MV Capital Management Inc. acquired a new stake in shares of RB Global in the 4th quarter valued at about $29,000. Bayban bought a new position in shares of RB Global during the fourth quarter worth about $34,000. Central Pacific Bank Trust Division raised its position in RB Global by 41.8% in the 4th quarter. Central Pacific Bank Trust Division now owns 363 shares of the business services provider’s stock valued at $37,000 after buying an additional 107 shares during the last quarter. State of Wyoming acquired a new stake in RB Global in the 2nd quarter valued at approximately $46,000. Finally, Nemes Rush Group LLC bought a new stake in RB Global in the 4th quarter valued at approximately $54,000. 95.37% of the stock is owned by institutional investors.
Insider Activity at RB Global
In related news, Director Deborah Stein acquired 425 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were purchased at an average cost of $103.15 per share, for a total transaction of $43,838.75. Following the completion of the acquisition, the director directly owned 1,825 shares in the company, valued at approximately $188,248.75. This trade represents a 30.36% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.57% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Read Our Latest Report on RB Global
RB Global Price Performance
NYSE:RBA opened at $111.44 on Thursday. RB Global, Inc. has a 12-month low of $93.58 and a 12-month high of $119.58. The firm has a market capitalization of $20.72 billion, a price-to-earnings ratio of 51.83, a P/E/G ratio of 1.71 and a beta of 0.55. The stock’s 50 day moving average price is $107.68 and its two-hundred day moving average price is $106.02. The company has a quick ratio of 1.07, a current ratio of 1.14 and a debt-to-equity ratio of 0.40.
RB Global (NYSE:RBA – Get Free Report) (TSE:RBA) last issued its earnings results on Monday, May 4th. The business services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.97 by $0.04. RB Global had a return on equity of 12.33% and a net margin of 9.55%.The company had revenue of $888.01 million during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the company posted $0.89 EPS. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, analysts anticipate that RB Global, Inc. will post 4.16 earnings per share for the current year.
RB Global Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Wednesday, May 27th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, May 27th. RB Global’s payout ratio is 57.67%.
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.
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