Citigroup Inc. Has $6.19 Million Stock Holdings in RB Global, Inc. (NYSE:RBA)

Citigroup Inc. boosted its stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 18.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 110,077 shares of the business services provider’s stock after buying an additional 17,141 shares during the period. Citigroup Inc. owned approximately 0.10% of RB Global worth $6,185,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV boosted its holdings in shares of RB Global by 380.5% during the first quarter. Massmutual Trust Co. FSB ADV now owns 812 shares of the business services provider’s stock worth $46,000 after acquiring an additional 643 shares during the period. International Assets Investment Management LLC bought a new stake in RB Global in the 1st quarter valued at $57,000. Addison Advisors LLC grew its holdings in RB Global by 33.9% in the 1st quarter. Addison Advisors LLC now owns 1,271 shares of the business services provider’s stock valued at $72,000 after buying an additional 322 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in RB Global by 41.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,114 shares of the business services provider’s stock worth $72,000 after buying an additional 325 shares during the period. Finally, Gulf International Bank UK Ltd lifted its holdings in shares of RB Global by 46.1% during the fourth quarter. Gulf International Bank UK Ltd now owns 1,490 shares of the business services provider’s stock worth $85,000 after buying an additional 470 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

RB Global Trading Up 1.1 %

Shares of RBA stock opened at $62.40 on Friday. RB Global, Inc. has a fifty-two week low of $48.72 and a fifty-two week high of $71.96. The stock’s fifty day moving average price is $60.26 and its two-hundred day moving average price is $58.01. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.19 and a current ratio of 1.32. The company has a market cap of $11.36 billion, a PE ratio of 67.83, a P/E/G ratio of 13.16 and a beta of 0.94.

RB Global (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.17). RB Global had a return on equity of 4.77% and a net margin of 5.94%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.03 billion. Equities analysts predict that RB Global, Inc. will post 0.65 EPS for the current fiscal year.

RB Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Tuesday, August 22nd. RB Global’s dividend payout ratio (DPR) is presently 117.39%.

Insider Buying and Selling

In other RB Global news, insider Megan Anne Cash sold 13,596 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $61.78, for a total value of $839,960.88. Following the sale, the insider now owns 15,330 shares in the company, valued at $947,087.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Erik Olsson bought 2,000 shares of the company’s stock in a transaction on Monday, August 28th. The stock was purchased at an average cost of $59.89 per share, for a total transaction of $119,780.00. Following the completion of the transaction, the director now owns 4,000 shares of the company’s stock, valued at $239,560. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Megan Anne Cash sold 13,596 shares of RB Global stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $61.78, for a total value of $839,960.88. Following the sale, the insider now directly owns 15,330 shares in the company, valued at $947,087.40. The disclosure for this sale can be found here. Insiders purchased a total of 5,411 shares of company stock worth $313,870 in the last three months. 4.32% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on RBA. Royal Bank of Canada upped their price target on shares of RB Global from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, August 8th. National Bank Financial increased their target price on shares of RB Global from $61.00 to $70.00 in a research report on Monday, July 10th. National Bankshares upgraded shares of RB Global from a “sector perform” rating to an “outperform” rating and set a $61.00 price target for the company in a research report on Thursday, May 18th. Raymond James upgraded RB Global from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $60.00 to $75.00 in a research note on Thursday, July 20th. Finally, StockNews.com raised RB Global from a “sell” rating to a “hold” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, RB Global presently has an average rating of “Moderate Buy” and a consensus price target of $66.25.

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; Xcira that provides live simulcast auction technologies; and Veritread, an online marketplace for heavy haul transport solution.