13,645 RB Global, Inc. $RBA Shares Sold by WoodTrust Financial Corp

WoodTrust Financial Corp reduced its stake in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 77.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in RBA. Personal CFO Solutions LLC lifted its holdings in RB Global by 0.9% during the 1st quarter. Personal CFO Solutions LLC now owns 11,192 shares of the business services provider’s stock valued at $1,073,000 after buying an additional 96 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of RB Global by 4.0% during the second quarter. Sequoia Financial Advisors LLC now owns 4,516 shares of the business services provider’s stock worth $526,000 after acquiring an additional 175 shares during the period. Wealth Alliance LLC increased its position in shares of RB Global by 5.0% during the first quarter. Wealth Alliance LLC now owns 3,928 shares of the business services provider’s stock worth $376,000 after acquiring an additional 186 shares during the period. Fifth Third Wealth Advisors LLC raised its stake in shares of RB Global by 3.2% during the first quarter. Fifth Third Wealth Advisors LLC now owns 6,352 shares of the business services provider’s stock valued at $609,000 after acquiring an additional 197 shares in the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ raised its stake in shares of RB Global by 0.4% during the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 45,546 shares of the business services provider’s stock valued at $4,354,000 after acquiring an additional 199 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors.

RB Global Stock Up 0.5%

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

RB Global (NYSE:RBA) (TSE:RBA) last posted its earnings results on Tuesday, August 4th. The business services provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.04. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.21 billion. RB Global had a return on equity of 12.37% and a net margin of 9.99%. Sell-side analysts anticipate that RB Global, Inc. will post 4.06 EPS for the current year.

RB Global Increases Dividend

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

Analyst Upgrades and Downgrades

RBA has been the topic of several research analyst reports. Weiss Ratings cut RB Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, September 18th. Barclays decreased their target price on RB Global from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Tuesday. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of RB Global in a research report on Wednesday, August 5th. Wall Street Zen lowered RB Global from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Finally, Zacks Research downgraded RB Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $126.00.

Insiders Place Their Bets

In related news, Director Chloe Harford acquired 1,200 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were bought at an average price of $83.74 per share, with a total value of $100,488.00. Following the completion of the transaction, the director directly owned 1,200 shares in the company, valued at $100,488. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Deborah Stein bought 500 shares of the business’s stock in a transaction on Wednesday, September 9th. The stock was bought at an average price of $80.91 per share, for a total transaction of $40,455.00. Following the purchase, the director directly owned 2,325 shares of the company’s stock, valued at $188,115.75. The trade was a 27.40% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.57% of the company’s stock.

About RB Global

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.