Armstrong Henry H Associates Inc. Purchases 12,317 Shares of RB Global, Inc. $RBA

Armstrong Henry H Associates Inc. lifted its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 30.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,226 shares of the business services provider’s stock after buying an additional 12,317 shares during the quarter. RB Global accounts for 0.4% of Armstrong Henry H Associates Inc.’s portfolio, making the stock its 16th biggest holding. Armstrong Henry H Associates Inc.’s holdings in RB Global were worth $4,332,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Addison Advisors LLC acquired a new stake in shares of RB Global in the second quarter valued at approximately $26,000. J.Safra Asset Management Corp acquired a new position in RB Global during the second quarter valued at approximately $32,000. MV Capital Management Inc. purchased a new stake in shares of RB Global in the fourth quarter worth about $29,000. Integrated Wealth Concepts LLC purchased a new stake in shares of RB Global during the second quarter worth about $35,000. Finally, Bayban acquired a new position in RB Global during the 4th quarter worth $34,000. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other RB Global news, Director Deborah Stein purchased 500 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The shares were acquired at an average price of $80.91 per share, for a total transaction of $40,455.00. Following the purchase, the director owned 2,325 shares in the company, valued at approximately $188,115.75. The trade was a 27.40% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Chloe Harford acquired 1,200 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was purchased at an average cost of $83.74 per share, for a total transaction of $100,488.00. Following the completion of the acquisition, the director owned 1,200 shares in the company, valued at approximately $100,488. This represents a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

RBA has been the topic of several research reports. Barclays dropped their price objective on shares of RB Global from $121.00 to $110.00 and set an “overweight” rating on the stock in a research note on Tuesday. Wall Street Zen lowered shares of RB Global from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Zacks Research lowered shares of RB Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. National Bank Financial lowered their target price on shares of RB Global from $133.00 to $130.00 and set a “sector outperform” rating on the stock in a research report on Monday, September 14th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $152.00 target price on shares of RB Global in a report on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, RB Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.00.

RB Global Trading Down 0.6%

NYSE RBA traded down $0.51 on Wednesday, reaching $80.54. The company had a trading volume of 435,949 shares, compared to its average volume of 1,427,955. RB Global, Inc. has a 52 week low of $78.05 and a 52 week high of $119.33. The company has a quick ratio of 1.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.51. The stock has a market cap of $14.60 billion, a price-to-earnings ratio of 34.54, a PEG ratio of 1.41 and a beta of 0.53. The stock’s 50 day moving average is $87.46 and its 200-day moving average is $99.30.

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 (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.04. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.21 billion. RB Global had a return on equity of 12.37% and a net margin of 9.99%. Equities analysts predict that RB Global, Inc. will post 4.06 earnings per share for the current year.

RB Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Tuesday, August 25th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.6%. This is an increase from RB Global’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Tuesday, August 25th. RB Global’s payout ratio is currently 56.65%.

RB Global Company Profile

RB Global, Inc (NYSE: RBA) is a global marketplace and service provider for used commercial and industrial assets. The company connects buyers and sellers of construction and agricultural equipment, trucks, trailers, transportation assets, vehicles and other specialized equipment through live auctions, online auctions and fixed-price marketplaces.

Its portfolio includes the Ritchie Bros. auction business, IronPlanet, Marketplace-E, GovPlanet, TruckPlanet, Rouse and SmartEquip. RB Global also operates IAA, a marketplace focused on salvage vehicles and automotive remarketing.