Vanguard Group Inc. Purchases 289,094 Shares of RB Global, Inc. $RBA

Vanguard Group Inc. boosted its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,205,500 shares of the business services provider’s stock after acquiring an additional 289,094 shares during the period. Vanguard Group Inc. owned approximately 13.59% of RB Global worth $2,676,926,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cerity Partners LLC increased its stake in RB Global by 5.8% during the 1st quarter. Cerity Partners LLC now owns 6,363 shares of the business services provider’s stock worth $638,000 after purchasing an additional 351 shares in the last quarter. CWM LLC raised its holdings in shares of RB Global by 7.9% during the first quarter. CWM LLC now owns 1,974 shares of the business services provider’s stock worth $198,000 after acquiring an additional 144 shares during the period. IFP Advisors Inc lifted its position in RB Global by 348.8% in the 1st quarter. IFP Advisors Inc now owns 359 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 279 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in RB Global by 5.6% during the 1st quarter. Allianz Asset Management GmbH now owns 11,067 shares of the business services provider’s stock worth $1,111,000 after purchasing an additional 584 shares in the last quarter. Finally, AE Wealth Management LLC acquired a new stake in shares of RB Global in the 1st quarter valued at about $294,000. 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, insider Michael Thomas Steven Lewis sold 2,151 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $118.15, for a total transaction of $254,140.65. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Deborah Stein bought 1,000 shares of the stock in a transaction dated Thursday, November 13th. The shares were acquired at an average cost of $101.26 per share, for a total transaction of $101,260.00. Following the completion of the acquisition, the director directly owned 1,000 shares of the company’s stock, valued at approximately $101,260. This trade represents a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 4.32% of the stock is owned by company insiders.

RB Global Price Performance

Shares of RBA opened at $96.03 on Friday. The firm has a market capitalization of $17.83 billion, a PE ratio of 47.54, a PEG ratio of 2.48 and a beta of 0.65. The company’s 50-day moving average is $104.72 and its 200-day moving average is $107.55. RB Global, Inc. has a fifty-two week low of $86.68 and a fifty-two week high of $119.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.28 and a quick ratio of 1.22.

RB Global (NYSE:RBA) (TSE:RBA) last announced its earnings results on Thursday, November 6th. The business services provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.83 by $0.10. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.05 billion. RB Global had a net margin of 9.46% and a return on equity of 9.42%. RB Global’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 EPS. Equities analysts forecast that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 26th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, November 26th. RB Global’s dividend payout ratio is currently 59.33%.

Analyst Upgrades and Downgrades

RBA has been the subject of a number of research reports. Weiss Ratings downgraded RB Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. National Bankshares decreased their price target on shares of RB Global from $113.00 to $111.00 and set a “sector perform” rating for the company in a research note on Thursday, October 9th. Raymond James Financial lifted their price objective on shares of RB Global from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Wall Street Zen lowered shares of RB Global from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Bank of America decreased their target price on shares of RB Global from $120.00 to $114.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $122.71.

RB Global 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.