63,889 Shares in RB Global, Inc. $RBA Bought by Nykredit A S

Nykredit A S purchased a new position in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 63,889 shares of the business services provider’s stock, valued at approximately $7,435,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Addison Advisors LLC bought a new position in shares of RB Global in the 2nd quarter valued at about $26,000. MV Capital Management Inc. bought a new stake in shares of RB Global in the 4th quarter valued at about $29,000. J.Safra Asset Management Corp acquired a new stake in RB Global in the 2nd quarter valued at about $32,000. Bayban acquired a new stake in RB Global in the 4th quarter valued at about $34,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in RB Global during the first quarter worth about $43,000. Institutional investors and hedge funds own 95.37% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on RBA shares. National Bank Financial boosted their price target on RB Global from $132.00 to $133.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Raymond James Financial raised RB Global from an “outperform” rating to a “strong-buy” rating and set a $145.00 price objective for the company in a research report on Tuesday, June 30th. Weiss Ratings lowered RB Global from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Wall Street Zen cut RB Global from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of RB Global in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $128.00.

Insider Transactions at RB Global

In other news, Director Chloe Harford acquired 1,200 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were purchased at an average cost of $83.74 per share, with a total value of $100,488.00. Following the acquisition, the director directly owned 1,200 shares in the company, valued at $100,488. This represents a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 0.57% of the stock is owned by company insiders.

RB Global Stock Up 0.3%

RB Global stock opened at $83.55 on Friday. The company’s 50-day moving average price is $100.43 and its two-hundred day moving average price is $102.23. 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 $15.47 billion, a P/E ratio of 35.86, a P/E/G ratio of 1.43 and a beta of 0.52. RB Global, Inc. has a twelve month low of $81.50 and a twelve month high of $119.58.

RB Global (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings data on Tuesday, August 4th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.04. RB Global had a return on equity of 12.37% and a net margin of 9.99%.The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.21 billion. As a group, analysts expect that RB Global, Inc. will post 4.06 EPS for the current year.

RB Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Tuesday, August 25th will be paid a $0.33 dividend. This is a boost from RB Global’s previous quarterly dividend of $0.31. The ex-dividend date is Tuesday, August 25th. This represents a $1.32 annualized dividend and a yield of 1.6%. RB Global’s dividend payout ratio is presently 56.65%.

About RB Global

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.