EverSource Wealth Advisors LLC Sells 131 Shares of RB Global, Inc. (NYSE:RBA)

EverSource Wealth Advisors LLC decreased its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 0.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 67,032 shares of the business services provider’s stock after selling 131 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in RB Global were worth $5,395,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Orion Portfolio Solutions LLC increased its position in RB Global by 4.9% during the first quarter. Orion Portfolio Solutions LLC now owns 15,359 shares of the business services provider’s stock worth $1,170,000 after acquiring an additional 713 shares during the period. Covestor Ltd raised its position in shares of RB Global by 78.0% during the first quarter. Covestor Ltd now owns 1,422 shares of the business services provider’s stock valued at $108,000 after buying an additional 623 shares during the last quarter. UniSuper Management Pty Ltd lifted its stake in shares of RB Global by 84.1% in the first quarter. UniSuper Management Pty Ltd now owns 2,600 shares of the business services provider’s stock valued at $198,000 after buying an additional 1,188 shares during the period. MQS Management LLC acquired a new stake in RB Global during the first quarter worth about $264,000. Finally, Toronto Dominion Bank increased its stake in RB Global by 29.9% during the first quarter. Toronto Dominion Bank now owns 110,337 shares of the business services provider’s stock valued at $8,404,000 after acquiring an additional 25,402 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s stock.

Analysts Set New Price Targets

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

RB Global Trading Down 0.4 %

Shares of NYSE RBA traded down $0.42 during mid-day trading on Wednesday, hitting $93.18. The company’s stock had a trading volume of 44,940 shares, compared to its average volume of 1,013,679. RB Global, Inc. has a one year low of $60.84 and a one year high of $94.85. The company’s fifty day simple moving average is $84.91 and its 200-day simple moving average is $80.78. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.28 and a quick ratio of 1.17. The stock has a market cap of $17.18 billion, a price-to-earnings ratio of 50.87, a price-to-earnings-growth ratio of 4.55 and a beta of 0.92.

RB Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Wednesday, November 27th. RB Global’s dividend payout ratio is presently 63.04%.

Insider Activity at RB Global

In related news, CRO James J. Jeter sold 3,000 shares of the business’s 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 sale, the executive now directly owns 20,267 shares of the company’s stock, valued at approximately $1,733,841.85. The trade was a 12.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO James Francis Kessler sold 17,883 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $83.09, for a total value of $1,485,898.47. Following the transaction, the chief executive officer now owns 86,247 shares of the company’s stock, valued at approximately $7,166,263.23. This trade represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,766 shares of company stock worth $3,248,118. 4.10% of the stock is owned by 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.