Janney Montgomery Scott LLC Has $2.14 Million Stake in RB Global, Inc. (NYSE:RBA)

Janney Montgomery Scott LLC lowered its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 4.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,629 shares of the business services provider’s stock after selling 1,195 shares during the quarter. Janney Montgomery Scott LLC’s holdings in RB Global were worth $2,143,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Intech Investment Management LLC acquired a new position in shares of RB Global during the first quarter valued at about $613,000. Price T Rowe Associates Inc. MD lifted its position in RB Global by 25.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 366,625 shares of the business services provider’s stock valued at $27,927,000 after acquiring an additional 74,809 shares in the last quarter. Arlington Partners LLC boosted its stake in RB Global by 22.3% during the 3rd quarter. Arlington Partners LLC now owns 49,180 shares of the business services provider’s stock valued at $3,958,000 after purchasing an additional 8,961 shares during the last quarter. MJP Associates Inc. ADV increased its holdings in RB Global by 10.7% during the 2nd quarter. MJP Associates Inc. ADV now owns 4,159 shares of the business services provider’s stock worth $318,000 after purchasing an additional 401 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of RB Global by 1,177.0% in the first quarter. Cetera Investment Advisers now owns 43,572 shares of the business services provider’s stock worth $3,319,000 after purchasing an additional 40,160 shares during the last quarter. Institutional investors own 95.37% of the company’s stock.

RB Global Price Performance

Shares of NYSE RBA opened at $92.87 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.20 and a debt-to-equity ratio of 0.55. The stock has a fifty day simple moving average of $83.98 and a two-hundred day simple moving average of $80.05. RB Global, Inc. has a 1-year low of $58.85 and a 1-year high of $94.85. The firm has a market cap of $17.13 billion, a price-to-earnings ratio of 50.47, a price-to-earnings-growth ratio of 5.99 and a beta of 0.92.

RB Global Announces Dividend

The company 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 $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Wednesday, November 27th. RB Global’s payout ratio is 63.04%.

Wall Street Analyst Weigh In

RBA has been the topic of several analyst reports. Raymond James lifted their target price on RB Global from $95.00 to $98.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Royal Bank of Canada lifted their price objective on shares of RB Global from $99.00 to $107.00 and gave the stock an “outperform” rating in a report on Monday. Bank of America increased their target price on shares of RB Global from $79.00 to $92.50 and gave the company a “neutral” rating in a report on Monday, August 26th. BMO Capital Markets boosted their price target on shares of RB Global from $105.00 to $107.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Robert W. Baird upped their price objective 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’s stock. According to data from MarketBeat, RB Global presently has an average rating of “Moderate Buy” and an average price target of $98.36.

Insider Buying and Selling at RB Global

In related news, insider Darren Jeffrey Watt sold 2,915 shares of RB Global stock in a transaction on Monday, August 19th. The stock was sold at an average price of $82.80, for a total transaction of $241,362.00. Following the completion of the sale, the insider now owns 19,271 shares of the company’s stock, valued at approximately $1,595,638.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Darren Jeffrey Watt sold 2,915 shares of RB Global stock in a transaction on Monday, August 19th. The shares were sold at an average price of $82.80, for a total value of $241,362.00. Following the transaction, the insider now directly owns 19,271 shares of the company’s stock, valued at $1,595,638.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James Francis Kessler sold 17,883 shares of RB Global stock in a transaction dated Monday, September 9th. The shares were 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 in the company, valued at $7,166,263.23. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,681 shares of company stock valued at $3,489,480 in the last three months. Company insiders own 4.32% of the company’s stock.

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.