Whipplewood Advisors LLC Buys 137 Shares of RB Global, Inc. $RBA

Whipplewood Advisors LLC boosted its stake in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 42.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 456 shares of the business services provider’s stock after acquiring an additional 137 shares during the period. Whipplewood Advisors LLC’s holdings in RB Global were worth $48,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of RB Global by 28.6% in the 1st quarter. GAMMA Investing LLC now owns 1,608 shares of the business services provider’s stock valued at $161,000 after purchasing an additional 358 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in shares of RB Global by 8.4% in the 1st quarter. New York State Teachers Retirement System now owns 106,773 shares of the business services provider’s stock valued at $10,709,000 after purchasing an additional 8,302 shares in the last quarter. Peregrine Capital Management LLC boosted its holdings in shares of RB Global by 3.0% in the 1st quarter. Peregrine Capital Management LLC now owns 72,607 shares of the business services provider’s stock valued at $7,282,000 after purchasing an additional 2,097 shares in the last quarter. Kampmann Melissa S. boosted its holdings in shares of RB Global by 0.5% in the 1st quarter. Kampmann Melissa S. now owns 29,900 shares of the business services provider’s stock valued at $2,999,000 after purchasing an additional 150 shares in the last quarter. Finally, Keybank National Association OH boosted its holdings in shares of RB Global by 8.4% in the 1st quarter. Keybank National Association OH now owns 7,967 shares of the business services provider’s stock valued at $799,000 after purchasing an additional 619 shares in the last quarter. Institutional investors own 95.37% of the company’s stock.

Insider Buying and Selling

In other RB Global news, insider Michael Thomas Steven Lewis sold 2,151 shares of RB Global stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $118.15, for a total transaction of $254,140.65. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.28% of the company’s stock.

RB Global Stock Down 0.2%

Shares of RBA opened at $101.51 on Tuesday. The company has a market capitalization of $18.85 billion, a PE ratio of 50.25, a PEG ratio of 2.37 and a beta of 0.65. RB Global, Inc. has a 12 month low of $84.31 and a 12 month high of $119.58. The stock’s 50-day moving average price is $110.57 and its two-hundred day moving average price is $107.46. 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 (NYSE:RBA) (TSE:RBA) last announced its 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. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.14 billion. RB Global had a return on equity of 9.42% and a net margin of 9.46%.The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.94 EPS. On average, analysts anticipate that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend 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 brokerages have weighed in on RBA. Wall Street Zen raised RB Global from a “hold” rating to a “buy” rating in a report on Saturday. CIBC raised their target price on RB Global from $118.00 to $121.00 and gave the company an “outperformer” rating in a report on Friday, July 18th. Royal Bank Of Canada raised their target price on RB Global from $125.00 to $132.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. National Bankshares cut their price objective on RB Global from $113.00 to $111.00 and set a “sector perform” rating on the stock in a report on Thursday, October 9th. Finally, Weiss Ratings downgraded RB Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, RB Global has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.

RB Global Company 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.