31,074 Shares in RB Global, Inc. $RBA Purchased by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC purchased a new stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 31,074 shares of the business services provider’s stock, valued at approximately $3,619,000.

A number of other hedge funds also recently added to or reduced their stakes in RBA. Public Employees Retirement System of Ohio grew its position in shares of RB Global by 9.2% during the first quarter. Public Employees Retirement System of Ohio now owns 207,778 shares of the business services provider’s stock worth $19,873,000 after buying an additional 17,489 shares in the last quarter. Bank of America Corp DE boosted its stake in RB Global by 7.8% during the 1st quarter. Bank of America Corp DE now owns 1,452,438 shares of the business services provider’s stock valued at $139,216,000 after acquiring an additional 104,560 shares during the last quarter. Wilson Asset Management International PTY Ltd. grew its holdings in RB Global by 8.5% during the 4th quarter. Wilson Asset Management International PTY Ltd. now owns 139,295 shares of the business services provider’s stock worth $14,329,000 after acquiring an additional 10,951 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in RB Global by 20.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 173,358 shares of the business services provider’s stock worth $17,833,000 after acquiring an additional 29,530 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC increased its position in shares of RB Global by 127.3% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 26,343 shares of the business services provider’s stock worth $3,068,000 after purchasing an additional 14,755 shares during the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

RB Global Trading Up 0.1%

NYSE RBA opened at $85.94 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.22 and a current ratio of 1.31. RB Global, Inc. has a one year low of $82.03 and a one year high of $119.58. The company has a 50-day simple moving average of $103.30 and a 200-day simple moving average of $103.19. The firm has a market capitalization of $15.91 billion, a PE ratio of 36.88, a price-to-earnings-growth ratio of 1.47 and a beta of 0.56.

RB Global (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings results on Tuesday, August 4th. The business services provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.04. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.21 billion. RB Global had a return on equity of 12.37% and a net margin of 9.99%. On average, equities analysts forecast that RB Global, Inc. will post 4.06 earnings per share for the current year.

RB Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Tuesday, August 25th will be paid a $0.33 dividend. The ex-dividend date is Tuesday, August 25th. This is a positive change from RB Global’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 1.5%. RB Global’s dividend payout ratio (DPR) is 56.65%.

Analyst Ratings Changes

RBA has been the topic of a number of recent analyst reports. BMO Capital Markets restated an “outperform” rating and issued a $135.00 target price (up from $130.00) on shares of RB Global in a research note on Tuesday, May 5th. National Bank Financial upped their price objective on RB Global from $132.00 to $133.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of RB Global in a report on Wednesday, August 5th. Raymond James Financial upgraded RB Global from an “outperform” rating to a “strong-buy” rating and set a $145.00 target price for the company in a research report on Tuesday, June 30th. Finally, Zacks Research lowered RB Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $128.00.

Insider Activity

In other news, Director Chloe Harford purchased 1,200 shares of RB Global stock in a transaction dated Monday, August 24th. The stock was bought at an average price of $83.74 per share, with a total value of $100,488.00. Following the completion of the acquisition, the director owned 1,200 shares in the company, valued at $100,488. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.57% of the company’s stock.

About RB Global

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.