Sigma Planning Corp Buys 1,639 Shares of RB Global, Inc. $RBA

Sigma Planning Corp grew its stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 45.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,275 shares of the business services provider’s stock after purchasing an additional 1,639 shares during the period. Sigma Planning Corp’s holdings in RB Global were worth $560,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in RBA. SouthState Corp acquired a new position in shares of RB Global during the first quarter worth $26,000. SVB Wealth LLC bought a new stake in RB Global during the 1st quarter worth $28,000. IFP Advisors Inc grew its position in RB Global by 348.8% during the 1st quarter. IFP Advisors Inc now owns 359 shares of the business services provider’s stock worth $36,000 after acquiring an additional 279 shares during the last quarter. Rise Advisors LLC acquired a new position in RB Global in the 1st quarter worth about $38,000. Finally, Whipplewood Advisors LLC raised its position in RB Global by 42.9% in the second quarter. Whipplewood Advisors LLC now owns 456 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 137 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Royal Bank Of Canada upped their price objective on RB Global from $132.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday. National Bankshares reduced their target price on shares of RB Global from $113.00 to $111.00 and set a “sector perform” rating on the stock in a report on Thursday, October 9th. 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 research note on Friday, July 18th. Weiss Ratings lowered shares of RB Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Finally, BMO Capital Markets raised their target price on RB Global from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $122.71.

RB Global Price Performance

RBA stock opened at $100.43 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.28 and a debt-to-equity ratio of 0.46. The firm has a market cap of $18.65 billion, a price-to-earnings ratio of 49.72, a PEG ratio of 2.48 and a beta of 0.65. The company’s fifty day simple moving average is $107.67 and its 200 day simple moving average is $107.54. RB Global, Inc. has a 12-month low of $85.55 and a 12-month high of $119.58.

RB Global (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings results on Thursday, November 6th. The business services provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.05 billion. RB Global had a return on equity of 9.42% and a net margin of 9.46%.The business’s revenue was up 12.0% compared to the same quarter last year. During the same period last year, the business posted $0.71 EPS. On average, analysts expect that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 26th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, November 26th. RB Global’s payout ratio is presently 59.33%.

Insider Transactions 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 4.32% of the company’s stock.

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.