Jones Financial Companies Lllp Purchases 129 Shares of RB Global, Inc. (NYSE:RBA)

Jones Financial Companies Lllp increased its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 49.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 390 shares of the business services provider’s stock after buying an additional 129 shares during the quarter. Jones Financial Companies Lllp’s holdings in RB Global were worth $35,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RBA. Central Pacific Bank Trust Division acquired a new stake in shares of RB Global in the fourth quarter valued at approximately $27,000. Versant Capital Management Inc grew its position in RB Global by 136.4% in the fourth quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 176 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in RB Global in the 4th quarter valued at $36,000. Whipplewood Advisors LLC bought a new stake in RB Global during the 4th quarter worth about $37,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of RB Global during the 4th quarter worth about $40,000. 95.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RBA has been the topic of a number of analyst reports. Raymond James upped their price objective on RB Global from $110.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Royal Bank of Canada upped their price objective on RB Global from $107.00 to $116.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. StockNews.com upgraded RB Global from a “hold” rating to a “buy” rating in a research note on Tuesday. CIBC dropped their price objective on RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a research note on Monday, February 3rd. Finally, BMO Capital Markets upped their price objective on RB Global from $116.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $107.64.

RB Global Trading Up 2.0 %

NYSE:RBA opened at $99.22 on Thursday. The company has a market cap of $18.33 billion, a P/E ratio of 49.36, a P/E/G ratio of 4.95 and a beta of 0.94. The stock’s fifty day moving average price is $94.97 and its two-hundred day moving average price is $90.67. RB Global, Inc. has a 1 year low of $69.83 and a 1 year high of $106.90. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17.

RB Global (NYSE:RBA) (TSE:RBA) last released its earnings results on Tuesday, February 18th. The business services provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.23). The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.06 billion. RB Global had a net margin of 9.64% and a return on equity of 8.00%. During the same period in the prior year, the company earned $0.82 EPS. As a group, analysts expect that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.17%. RB Global’s dividend payout ratio is currently 57.71%.

Insider Transactions at RB Global

In other RB Global news, CRO James J. Jeter sold 7,597 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $97.85, for a total transaction of $743,366.45. Following the completion of the transaction, the executive now owns 20,267 shares of the company’s stock, valued at approximately $1,983,125.95. This trade represents a 27.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James Francis Kessler sold 15,700 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $97.81, for a total transaction of $1,535,617.00. Following the sale, the chief executive officer now directly owns 107,569 shares of the company’s stock, valued at $10,521,323.89. This trade represents a 12.74 % decrease in their position. The disclosure for this sale can be found here. 4.32% of the stock is currently owned by company insiders.

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.