RB Global, Inc. (NYSE:RBA) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC reduced its stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 28.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,228 shares of the business services provider’s stock after selling 3,338 shares during the period. OneDigital Investment Advisors LLC’s holdings in RB Global were worth $662,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV boosted its position in RB Global by 58.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 446 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 165 shares during the period. UMB Bank n.a. lifted its stake in RB Global by 196.0% in the third quarter. UMB Bank n.a. now owns 586 shares of the business services provider’s stock valued at $47,000 after buying an additional 388 shares during the last quarter. Quarry LP acquired a new position in shares of RB Global during the second quarter valued at $53,000. Covestor Ltd grew its position in shares of RB Global by 533.1% during the third quarter. Covestor Ltd now owns 804 shares of the business services provider’s stock worth $65,000 after acquiring an additional 677 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of RB Global by 33.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 836 shares of the business services provider’s stock worth $64,000 after acquiring an additional 210 shares during the period. 95.37% of the stock is owned by institutional investors.

Insider Transactions at RB Global

In other news, CEO James Francis Kessler sold 17,883 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $83.09, for a total transaction of $1,485,898.47. Following the sale, the chief executive officer now directly owns 86,247 shares of the company’s stock, valued at $7,166,263.23. The trade was a 17.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO James J. Jeter sold 3,000 shares of the stock in a transaction 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 transaction, the executive now owns 20,267 shares of the company’s stock, valued at $1,733,841.85. This trade represents a 12.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,766 shares of company stock valued at $3,248,118 in the last quarter. Insiders own 4.10% of the company’s stock.

RB Global Trading Down 0.6 %

Shares of RBA stock opened at $93.60 on Wednesday. The stock has a 50-day simple moving average of $84.91 and a 200 day simple moving average of $80.78. The stock has a market capitalization of $17.26 billion, a P/E ratio of 50.87, a P/E/G ratio of 4.55 and a beta of 0.92. RB Global, Inc. has a fifty-two week low of $60.84 and a fifty-two week high of $94.85. The company has a quick ratio of 1.17, a current ratio of 1.28 and a debt-to-equity ratio of 0.52.

RB Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be paid a $0.29 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $1.16 annualized dividend and a dividend yield of 1.24%. RB Global’s dividend payout ratio is currently 63.04%.

Wall Street Analyst Weigh In

RBA has been the subject of a number of analyst reports. Robert W. Baird boosted their target price on shares of RB Global from $86.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. BMO Capital Markets raised their target price on RB Global from $105.00 to $107.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Raymond James boosted their price target on RB Global from $95.00 to $98.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Royal Bank of Canada raised their price target on RB Global from $99.00 to $107.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Finally, Bank of America lifted their price objective on shares of RB Global from $79.00 to $92.50 and gave the company a “neutral” rating in a research note on Monday, August 26th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $98.36.

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.