Armstrong Henry H Associates Inc. Has $580,000 Holdings in RB Global, Inc. (NYSE:RBA)

Armstrong Henry H Associates Inc. cut its stake in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,595 shares of the business services provider’s stock after selling 160 shares during the period. Armstrong Henry H Associates Inc.’s holdings in RB Global were worth $580,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in RBA. International Assets Investment Management LLC acquired a new position in RB Global in the fourth quarter valued at about $900,000. Cerity Partners LLC acquired a new position in RB Global in the fourth quarter valued at about $201,000. Bray Capital Advisors acquired a new position in RB Global in the fourth quarter valued at about $984,000. Triasima Portfolio Management inc. grew its stake in RB Global by 1,152.4% in the fourth quarter. Triasima Portfolio Management inc. now owns 193,118 shares of the business services provider’s stock valued at $12,947,000 after acquiring an additional 177,698 shares during the period. Finally, Vontobel Holding Ltd. grew its stake in RB Global by 487.6% in the fourth quarter. Vontobel Holding Ltd. now owns 158,329 shares of the business services provider’s stock valued at $10,591,000 after acquiring an additional 131,383 shares during the period. 95.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at RB Global

In other RB Global news, CRO James J. Jeter sold 14,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $75.43, for a total value of $1,056,020.00. Following the sale, the executive now owns 28,267 shares in the company, valued at $2,132,179.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Baron Concors sold 13,230 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $75.05, for a total value of $992,911.50. Following the transaction, the insider now owns 15,487 shares of the company’s stock, valued at $1,162,299.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO James J. Jeter sold 14,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $75.43, for a total value of $1,056,020.00. Following the completion of the transaction, the executive now directly owns 28,267 shares in the company, valued at approximately $2,132,179.81. The disclosure for this sale can be found here. Insiders have sold 43,867 shares of company stock worth $3,370,272 over the last 90 days. Company insiders own 4.32% of the company’s stock.

RB Global Stock Down 1.7 %

RBA traded down $1.32 on Friday, hitting $74.77. 1,312,887 shares of the company were exchanged, compared to its average volume of 850,655. RB Global, Inc. has a 12 month low of $55.67 and a 12 month high of $81.87. The company has a market cap of $13.67 billion, a PE ratio of 45.04, a PEG ratio of 5.20 and a beta of 0.91. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.17 and a current ratio of 1.29. The stock’s fifty day moving average is $77.59 and its 200-day moving average is $74.14.

RB Global (NYSE:RBA) (TSE:RBA) last released its earnings results on Thursday, May 9th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.15. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. RB Global had a return on equity of 6.87% and a net margin of 8.08%. Equities research analysts predict that RB Global, Inc. will post 2.04 EPS for the current fiscal year.

RB Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Wednesday, May 29th were paid a $0.27 dividend. The ex-dividend date was Wednesday, May 29th. This represents a $1.08 annualized dividend and a yield of 1.44%. RB Global’s dividend payout ratio is 65.06%.

Wall Street Analysts Forecast Growth

RBA has been the subject of a number of research analyst reports. Bank of America boosted their target price on RB Global from $68.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. CIBC initiated coverage on RB Global in a report on Tuesday, June 18th. They issued a “sector outperform” rating and a $95.00 price target on the stock. Finally, Scotiabank boosted their price target on RB Global from $88.00 to $89.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $86.50.

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.