RB Global, Inc. (NYSE:RBA) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors lessened its position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 37.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,471 shares of the business services provider's stock after selling 11,709 shares during the period. Captrust Financial Advisors' holdings in RB Global were worth $1,567,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. UMB Bank n.a. grew its stake in RB Global by 196.0% in the 3rd quarter. UMB Bank n.a. now owns 586 shares of the business services provider's stock worth $47,000 after acquiring an additional 388 shares during the period. Quarry LP acquired a new stake in shares of RB Global during the second quarter worth $53,000. Nisa Investment Advisors LLC grew its position in shares of RB Global by 33.5% in the second quarter. Nisa Investment Advisors LLC now owns 836 shares of the business services provider's stock valued at $64,000 after purchasing an additional 210 shares during the period. Covestor Ltd increased its stake in RB Global by 533.1% in the third quarter. Covestor Ltd now owns 804 shares of the business services provider's stock valued at $65,000 after purchasing an additional 677 shares during the last quarter. Finally, Hollencrest Capital Management boosted its stake in RB Global by 99.8% in the 3rd quarter. Hollencrest Capital Management now owns 875 shares of the business services provider's stock worth $70,000 after buying an additional 437 shares during the last quarter. Institutional investors and hedge funds own 95.37% of the company's stock.

Insider Buying and Selling at RB Global

In other news, CEO James Francis Kessler sold 17,883 shares of the company's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $83.09, for a total value of $1,485,898.47. Following the sale, the chief executive officer now owns 86,247 shares in the company, valued at approximately $7,166,263.23. This represents a 17.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. BMO Capital Markets upped their price objective on shares of RB Global from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. Royal Bank of Canada upped their price target on shares of RB Global from $99.00 to $107.00 and gave the stock an "outperform" rating in a research report on Monday, November 11th. Robert W. Baird lifted their price target on shares of RB Global from $86.00 to $100.00 and gave the company an "outperform" rating in a report on Monday, November 11th. Finally, Bank of America boosted 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 investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, RB Global has an average rating of "Moderate Buy" and a consensus price target of $98.36.

RB Global Stock Down 0.8 %

Shares of RBA stock traded down $0.75 during trading hours on Friday, reaching $96.84. The company had a trading volume of 478,301 shares, compared to its average volume of 927,399. The company has a market capitalization of $17.86 billion, a P/E ratio of 52.63, a price-to-earnings-growth ratio of 4.72 and a beta of 0.95. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.17 and a current ratio of 1.28. RB Global, Inc. has a twelve month low of $60.84 and a twelve month high of $99.79. The stock's fifty day simple moving average is $88.39 and its 200 day simple moving average is $82.80.

RB Global Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Wednesday, November 27th. This represents a $1.16 annualized dividend and a yield of 1.20%. RB Global's dividend payout ratio is presently 63.04%.

RB Global Company 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.