RB Global, Inc. (NYSE:RBA) Shares Sold by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC cut its position in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 5.0% during the 3rd quarter, Holdings Channel reports. The firm owned 21,826 shares of the business services provider’s stock after selling 1,140 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in RB Global were worth $1,757,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in RB Global by 5.1% during the first quarter. Vanguard Group Inc. now owns 23,992,759 shares of the business services provider’s stock worth $1,827,528,000 after acquiring an additional 1,153,497 shares during the period. EdgePoint Investment Group Inc. grew its stake in shares of RB Global by 1.4% in the 1st quarter. EdgePoint Investment Group Inc. now owns 8,564,254 shares of the business services provider’s stock worth $652,590,000 after purchasing an additional 114,225 shares during the last quarter. Cooke & Bieler LP raised its holdings in shares of RB Global by 3.4% in the 2nd quarter. Cooke & Bieler LP now owns 3,311,490 shares of the business services provider’s stock worth $252,865,000 after purchasing an additional 109,056 shares in the last quarter. Fiera Capital Corp lifted its stake in RB Global by 5.7% during the second quarter. Fiera Capital Corp now owns 3,143,924 shares of the business services provider’s stock valued at $239,881,000 after purchasing an additional 168,945 shares during the last quarter. Finally, Boston Partners boosted its holdings in RB Global by 4.1% during the first quarter. Boston Partners now owns 3,029,758 shares of the business services provider’s stock worth $230,543,000 after buying an additional 120,469 shares in the last quarter. Institutional investors own 95.37% of the company’s stock.

RB Global Stock Performance

RBA stock opened at $92.87 on Wednesday. The firm has a 50 day simple moving average of $83.98 and a 200 day simple moving average of $80.05. RB Global, Inc. has a 52 week low of $58.85 and a 52 week high of $94.85. The stock has a market cap of $17.13 billion, a P/E ratio of 50.47, a P/E/G ratio of 6.11 and a beta of 0.92. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.17 and a current ratio of 1.28.

RB Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Wednesday, November 27th. RB Global’s dividend payout ratio is currently 63.04%.

Insider Transactions at RB Global

In related news, CEO James Francis Kessler sold 17,883 shares of RB Global stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $84.19, for a total transaction of $1,505,569.77. Following the completion of the sale, the chief executive officer now owns 86,247 shares of the company’s stock, valued at approximately $7,261,134.93. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO James Francis Kessler sold 17,883 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $84.19, for a total transaction of $1,505,569.77. Following the completion of the sale, the chief executive officer now directly owns 86,247 shares of the company’s stock, valued at $7,261,134.93. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO James J. Jeter sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $85.55, for a total value of $256,650.00. Following the completion of the sale, the executive now directly owns 20,267 shares of the company’s stock, valued at approximately $1,733,841.85. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,681 shares of company stock valued at $3,489,480. 4.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. BMO Capital Markets upped their price target on RB Global from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Monday. Royal Bank of Canada upped their target price on RB Global from $99.00 to $107.00 and gave the company an “outperform” rating in a report on Monday. Bank of America lifted their price target on RB Global from $79.00 to $92.50 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Raymond James upped their price objective on shares of RB Global from $95.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Finally, Robert W. Baird lifted their target price on shares of RB Global from $86.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $98.36.

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.