RB Global, Inc. (NYSE:RBA) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 2.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 211,619 shares of the business services provider’s stock after selling 4,697 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in RB Global were worth $17,033,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Weil Company Inc. grew its position in shares of RB Global by 1.2% in the 3rd quarter. Weil Company Inc. now owns 11,330 shares of the business services provider’s stock valued at $912,000 after buying an additional 132 shares during the last quarter. Advisor OS LLC lifted its stake in shares of RB Global by 1.9% in the second quarter. Advisor OS LLC now owns 8,352 shares of the business services provider’s stock valued at $638,000 after purchasing an additional 156 shares during the period. Blue Trust Inc. lifted its stake in shares of RB Global by 11.9% in the third quarter. Blue Trust Inc. now owns 1,478 shares of the business services provider’s stock valued at $113,000 after purchasing an additional 157 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in shares of RB Global by 58.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 446 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 165 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in RB Global by 33.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 836 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 210 shares in the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

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 23rd. The shares were sold at an average price of $84.19, for a total transaction of $1,505,569.77. Following the completion of the transaction, the chief executive officer now owns 86,247 shares in the company, valued at approximately $7,261,134.93. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other RB Global news, CRO James J. Jeter sold 3,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $85.55, for a total transaction of $256,650.00. Following the completion of the sale, the executive now directly owns 20,267 shares of the company’s stock, valued at approximately $1,733,841.85. This 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 available through this hyperlink. Also, CEO James Francis Kessler sold 17,883 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $84.19, for a total value of $1,505,569.77. Following the completion of the transaction, the chief executive officer now owns 86,247 shares in the company, valued at $7,261,134.93. This represents 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 worth $3,489,480 over the last 90 days. Insiders own 4.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. BMO Capital Markets lifted 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. Raymond James lifted their price target on shares of RB Global from $95.00 to $98.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Robert W. Baird boosted their target price on shares of RB Global from $86.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday. Bank of America upped their price target 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. Finally, Royal Bank of Canada upped their price target on shares of RB Global from $99.00 to $107.00 and gave the company an “outperform” rating in a report on Monday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $98.36.

RB Global Stock Performance

RBA stock traded down $0.80 during trading on Wednesday, hitting $92.07. 41,939 shares of the company’s stock traded hands, compared to its average volume of 1,014,789. The company has a quick ratio of 1.17, a current ratio of 1.28 and a debt-to-equity ratio of 0.52. RB Global, Inc. has a 52 week low of $59.11 and a 52 week high of $94.85. The stock has a fifty day moving average price of $83.98 and a two-hundred day moving average price of $80.05. The stock has a market capitalization of $16.98 billion, a price-to-earnings ratio of 50.47, a price-to-earnings-growth ratio of 6.11 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 paid 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 1.26%. RB Global’s payout ratio is 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.