Stephens Inc. AR Has $280,000 Position in RB Global, Inc. $RBA

Stephens Inc. AR trimmed its position in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 21.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,640 shares of the business services provider’s stock after selling 727 shares during the quarter. Stephens Inc. AR’s holdings in RB Global were worth $280,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its position in shares of RB Global by 21.9% during the first quarter. Geneos Wealth Management Inc. now owns 540 shares of the business services provider’s stock worth $54,000 after purchasing an additional 97 shares in the last quarter. Securian Asset Management Inc. boosted its position in shares of RB Global by 0.7% during the first quarter. Securian Asset Management Inc. now owns 14,041 shares of the business services provider’s stock worth $1,408,000 after purchasing an additional 100 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of RB Global by 10.9% during the first quarter. Nisa Investment Advisors LLC now owns 1,060 shares of the business services provider’s stock worth $106,000 after purchasing an additional 104 shares in the last quarter. Wealth Alliance LLC boosted its position in shares of RB Global by 2.7% during the first quarter. Wealth Alliance LLC now owns 3,976 shares of the business services provider’s stock worth $399,000 after purchasing an additional 104 shares in the last quarter. Finally, Fullcircle Wealth LLC boosted its position in shares of RB Global by 5.5% during the first quarter. Fullcircle Wealth LLC now owns 2,382 shares of the business services provider’s stock worth $235,000 after purchasing an additional 124 shares in the last quarter. 95.37% of the stock is owned by institutional investors.

RB Global Trading Up 0.1%

NYSE RBA opened at $101.87 on Monday. The stock’s 50 day moving average price is $110.84 and its two-hundred day moving average price is $107.42. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.22 and a current ratio of 1.28. RB Global, Inc. has a 52 week low of $84.31 and a 52 week high of $119.58. The stock has a market capitalization of $18.91 billion, a price-to-earnings ratio of 50.43, a PEG ratio of 2.37 and a beta of 0.65.

RB Global (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings results 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. RB Global had a net margin of 9.46% and a return on equity of 9.42%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the firm posted $0.94 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th were given a dividend of $0.31 per share. This is a boost from RB Global’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $1.24 annualized dividend and a yield of 1.2%. RB Global’s payout ratio is presently 61.39%.

Insider Buying and Selling

In other RB Global news, insider Michael Thomas Steven Lewis sold 2,151 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $118.15, for a total transaction of $254,140.65. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.32% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on RBA. CIBC lifted their price target on shares of RB Global from $118.00 to $121.00 and gave the stock an “outperformer” rating in a research report on Friday, July 18th. BMO Capital Markets lifted their price target on shares of RB Global from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. National Bankshares cut their price objective on shares of RB Global from $113.00 to $111.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 9th. Raymond James Financial boosted their price objective on shares of RB Global from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Finally, Wall Street Zen raised shares of RB Global from a “hold” rating to a “buy” rating in a research report on Saturday. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, RB Global currently has an average rating of “Moderate Buy” and a consensus target price of $124.00.

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.