RB Global, Inc. (NYSE:RBA) Holdings Boosted by American Century Companies Inc.

American Century Companies Inc. raised its stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 36.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,759 shares of the business services provider’s stock after acquiring an additional 15,983 shares during the period. American Century Companies Inc.’s holdings in RB Global were worth $4,559,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. YHB Investment Advisors Inc. bought a new stake in RB Global in the 1st quarter valued at about $27,000. Hollencrest Capital Management bought a new stake in shares of RB Global during the first quarter valued at approximately $33,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of RB Global by 58.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 446 shares of the business services provider’s stock valued at $34,000 after buying an additional 165 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in RB Global by 33.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 836 shares of the business services provider’s stock worth $64,000 after buying an additional 210 shares in the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in RB Global in the 4th quarter valued at approximately $72,000. 95.37% of the stock is owned by institutional investors.

Insider Buying and Selling at RB Global

In other news, CEO James Francis Kessler sold 17,883 shares of RB Global stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $83.09, for a total value of $1,485,898.47. Following the transaction, the chief executive officer now directly owns 86,247 shares of the company’s stock, valued at $7,166,263.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO James Francis Kessler sold 17,883 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $83.09, for a total transaction of $1,485,898.47. Following the transaction, the chief executive officer now directly owns 86,247 shares of the company’s stock, valued at $7,166,263.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO James J. Jeter sold 3,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $85.55, for a total value 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 $1,733,841.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,601 shares of company stock valued at $3,720,043. 4.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

RBA has been the subject of a number of analyst reports. Raymond James boosted their price target on RB Global from $95.00 to $98.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Royal Bank of Canada increased their target price on shares of RB Global from $93.00 to $99.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Robert W. Baird boosted their price target on shares of RB Global from $80.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Bank of America upped their price target on shares of RB Global from $79.00 to $92.50 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Finally, BMO Capital Markets began coverage on shares of RB Global in a research note on Thursday, September 5th. They set an “outperform” rating and a $105.00 price objective on the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $92.19.

RB Global Trading Down 2.5 %

Shares of NYSE:RBA opened at $82.12 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.20 and a current ratio of 1.29. The stock has a market capitalization of $15.02 billion, a price-to-earnings ratio of 49.47, a PEG ratio of 5.39 and a beta of 0.93. RB Global, Inc. has a 1-year low of $58.85 and a 1-year high of $87.45. The company has a 50 day moving average price of $82.02 and a 200 day moving average price of $77.87.

RB Global (NYSE:RBA) (TSE:RBA) last released its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.06. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.13 billion. RB Global had a return on equity of 7.27% and a net margin of 8.67%. The company’s revenue was down .9% compared to the same quarter last year. During the same period last year, the company posted $0.42 EPS. On average, research analysts anticipate that RB Global, Inc. will post 1.96 EPS for the current fiscal year.

RB Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Wednesday, August 28th. This is an increase from RB Global’s previous quarterly dividend of $0.27. RB Global’s payout ratio is presently 69.88%.

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.