WoodTrust Financial Corp Sells 13,645 Shares of RB Global, Inc. $RBA

WoodTrust Financial Corp lessened its holdings in shares of RB Global, Inc. (NYSE:RBA – Free Report) (TSE:RBA) by 77.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,925 shares of the business services provider’s stock after selling 13,645 shares during the quarter. WoodTrust Financial Corp’s holdings in RB Global were worth $319,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RBA. Armstrong Henry H Associates Inc. lifted its position in RB Global by 30.1% during the 3rd quarter. Armstrong Henry H Associates Inc. now owns 53,226 shares of the business services provider’s stock worth $4,332,000 after acquiring an additional 12,317 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of RB Global by 9.2% in the first quarter. Public Employees Retirement System of Ohio now owns 207,778 shares of the business services provider’s stock valued at $19,873,000 after purchasing an additional 17,489 shares during the period. Legacy Wealth Asset Management LLC raised its stake in shares of RB Global by 127.3% in the second quarter. Legacy Wealth Asset Management LLC now owns 26,343 shares of the business services provider’s stock worth $3,068,000 after purchasing an additional 14,755 shares during the last quarter. Bank of America Corp DE raised its stake in shares of RB Global by 7.8% in the first quarter. Bank of America Corp DE now owns 1,452,438 shares of the business services provider’s stock worth $139,216,000 after purchasing an additional 104,560 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of RB Global during the second quarter worth about $17,590,000. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Zacks Research lowered RB Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of RB Global in a research report on Wednesday, August 5th. National Bank Financial decreased their price objective on shares of RB Global from $133.00 to $130.00 and set a “sector outperform” rating for the company in a research note on Monday, September 14th. Barclays cut their price objective on shares of RB Global from $121.00 to $110.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Weiss Ratings cut shares of RB Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 18th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.00.

Get Our Latest Stock Report on RB Global

Insider Buying and Selling at RB Global

In other news, Director Deborah Stein bought 500 shares of the stock in a transaction dated Wednesday, September 9th. The shares were acquired at an average cost of $80.91 per share, with a total value of $40,455.00. Following the purchase, the director directly owned 2,325 shares in the company, valued at $188,115.75. The trade was a 27.40% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Chloe Harford purchased 1,200 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was acquired at an average price of $83.74 per share, with a total value of $100,488.00. Following the purchase, the director owned 1,200 shares in the company, valued at $100,488. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.57% of the stock is currently owned by company insiders.

RB Global Stock Performance

RBA stock traded up $0.41 during trading on Friday, hitting $84.44. 1,047,001 shares of the company traded hands, compared to its average volume of 1,439,907. RB Global, Inc. has a 1 year low of $78.05 and a 1 year high of $119.33. The company has a market cap of $15.31 billion, a PE ratio of 36.26, a P/E/G ratio of 1.37 and a beta of 0.53. The stock’s 50-day simple moving average is $86.24 and its 200 day simple moving average is $99.12. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.31 and a quick ratio of 1.22.

RB Global (NYSE:RBA – Get Free Report) (TSE:RBA) last issued its quarterly earnings data on Tuesday, August 4th. The business services provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.04. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.21 billion. RB Global had a net margin of 9.99% and a return on equity of 12.37%. On average, equities analysts expect that RB Global, Inc. will post 4.06 earnings per share for the current fiscal year.

RB Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Tuesday, August 25th were given a dividend of $0.33 per share. This is a boost from RB Global’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, August 25th. RB Global’s dividend payout ratio (DPR) is 56.65%.

RB Global Profile

(Free Report)

RB Global, Inc (NYSE: RBA) is a global marketplace and service provider for used commercial and industrial assets. The company connects buyers and sellers of construction and agricultural equipment, trucks, trailers, transportation assets, vehicles and other specialized equipment through live auctions, online auctions and fixed-price marketplaces.

Its portfolio includes the Ritchie Bros. auction business, IronPlanet, Marketplace-E, GovPlanet, TruckPlanet, Rouse and SmartEquip. RB Global also operates IAA, a marketplace focused on salvage vehicles and automotive remarketing.

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Institutional Ownership by Quarter for RB Global (NYSE:RBA)

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