Avantax Advisory Services Inc. Grows Position in RB Global, Inc. (NYSE:RBA)

Avantax Advisory Services Inc. lifted its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,762 shares of the business services provider’s stock after buying an additional 176 shares during the period. Avantax Advisory Services Inc.’s holdings in RB Global were worth $339,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its position in RB Global by 49.4% during the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider’s stock worth $35,000 after buying an additional 129 shares in the last quarter. Summit Trail Advisors LLC increased its stake in shares of RB Global by 4.6% in the 4th quarter. Summit Trail Advisors LLC now owns 3,089 shares of the business services provider’s stock worth $279,000 after acquiring an additional 137 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of RB Global by 25.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 706 shares of the business services provider’s stock worth $64,000 after acquiring an additional 143 shares during the period. Versant Capital Management Inc boosted its position in shares of RB Global by 136.4% during the 4th quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 176 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of RB Global by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,510 shares of the business services provider’s stock valued at $3,384,000 after purchasing an additional 210 shares during the period. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at RB Global

In other news, CEO James Francis Kessler sold 15,700 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $97.81, for a total transaction of $1,535,617.00. Following the completion of the sale, the chief executive officer now directly owns 107,569 shares in the company, valued at $10,521,323.89. This represents a 12.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CRO James J. Jeter sold 600 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $98.63, for a total value of $59,178.00. Following the sale, the executive now owns 19,667 shares of the company’s stock, valued at $1,939,756.21. The trade was a 2.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,897 shares of company stock valued at $2,338,161. Company insiders own 4.32% of the company’s stock.

RB Global Price Performance

RB Global stock opened at $100.12 on Tuesday. The company has a market cap of $18.49 billion, a P/E ratio of 49.81, a price-to-earnings-growth ratio of 4.95 and a beta of 0.94. RB Global, Inc. has a one year low of $69.83 and a one year high of $106.90. The business has a fifty day moving average of $95.57 and a two-hundred day moving average of $91.03. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.29.

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

RB Global Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RBA. Raymond James raised their price target on shares of RB Global from $110.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Royal Bank of Canada lifted their target price on RB Global from $107.00 to $116.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. StockNews.com upgraded RB Global from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. CIBC decreased their target price on shares of RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a research report on Monday, February 3rd. Finally, Robert W. Baird lifted their price target on shares of RB Global from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, RB Global presently has an average rating of “Moderate Buy” and an average price target of $107.64.

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.