Avior Wealth Management LLC Grows Position in RB Global, Inc. $RBA

Avior Wealth Management LLC boosted its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 602.5% during the 2nd quarter, Holdings Channel reports. The fund owned 13,214 shares of the business services provider’s stock after buying an additional 11,333 shares during the period. Avior Wealth Management LLC’s holdings in RB Global were worth $1,403,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of RB Global by 18.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,883 shares of the business services provider’s stock valued at $441,000 after purchasing an additional 752 shares in the last quarter. Versant Capital Management Inc lifted its holdings in RB Global by 476.7% during the first quarter. Versant Capital Management Inc now owns 1,759 shares of the business services provider’s stock worth $176,000 after buying an additional 1,454 shares during the period. GAMMA Investing LLC boosted its position in RB Global by 12,802.6% during the 1st quarter. GAMMA Investing LLC now owns 161,282 shares of the business services provider’s stock valued at $16,177,000 after acquiring an additional 160,032 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of RB Global by 121.1% in the 1st quarter. UMB Bank n.a. now owns 2,074 shares of the business services provider’s stock valued at $208,000 after acquiring an additional 1,136 shares during the period. Finally, MV Capital Management Inc. raised its position in shares of RB Global by 5,560.0% in the 1st quarter. MV Capital Management Inc. now owns 283 shares of the business services provider’s stock worth $28,000 after acquiring an additional 278 shares in the last quarter. Institutional investors own 95.37% of the company’s stock.

Insider Activity

In related news, insider Darren Jeffrey Watt sold 7,400 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $110.00, for a total value of $814,000.00. Following the transaction, the insider owned 24,874 shares in the company, valued at approximately $2,736,140. This represents a 22.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Thomas Steven Lewis sold 2,151 shares of the firm’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 transaction of $254,140.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,209 shares of company stock valued at $6,090,521. Company insiders own 0.28% of the company’s stock.

RB Global Stock Down 1.6%

NYSE:RBA opened at $107.32 on Monday. The company has a current ratio of 1.28, a quick ratio of 1.22 and a debt-to-equity ratio of 0.46. RB Global, Inc. has a twelve month low of $78.08 and a twelve month high of $119.58. The company has a market cap of $19.92 billion, a PE ratio of 53.13, a P/E/G ratio of 2.50 and a beta of 0.65. The company’s 50 day moving average is $113.58 and its two-hundred day moving average is $106.44.

RB Global (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings data on Wednesday, August 6th. The business services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.95 by $0.12. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.14 billion. RB Global had a net margin of 9.46% and a return on equity of 9.42%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.94 earnings per share. Analysts anticipate that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a 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%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Raymond James Financial raised their price objective on RB Global from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. CIBC raised their price target on shares of RB Global from $118.00 to $121.00 and gave the company an “outperformer” rating in a report on Friday, July 18th. National Bankshares lifted their price objective on shares of RB Global from $112.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. BMO Capital Markets increased their target price on shares of RB Global from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Finally, Royal Bank Of Canada lifted their price target on shares of RB Global from $125.00 to $132.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $124.33.

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.