Vanguard Personalized Indexing Management LLC Buys 382 Shares of RB Global, Inc. (NYSE:RBA)

Vanguard Personalized Indexing Management LLC increased its stake in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,342 shares of the business services provider’s stock after acquiring an additional 382 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in RB Global were worth $635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of RB Global by 5.1% during the first quarter. Vanguard Group Inc. now owns 23,992,759 shares of the business services provider’s stock worth $1,827,528,000 after purchasing an additional 1,153,497 shares during the period. EdgePoint Investment Group Inc. lifted its holdings in RB Global by 1.4% in the 1st quarter. EdgePoint Investment Group Inc. now owns 8,564,254 shares of the business services provider’s stock worth $652,590,000 after buying an additional 114,225 shares during the period. Vontobel Asset Management Inc. grew its position in shares of RB Global by 66.5% in the 4th quarter. Vontobel Asset Management Inc. now owns 6,649,251 shares of the business services provider’s stock worth $467,920,000 after buying an additional 2,655,388 shares during the last quarter. Cooke & Bieler LP increased its stake in shares of RB Global by 3.4% during the second quarter. Cooke & Bieler LP now owns 3,311,490 shares of the business services provider’s stock valued at $252,865,000 after buying an additional 109,056 shares during the period. Finally, Fiera Capital Corp raised its holdings in shares of RB Global by 5.7% during the second quarter. Fiera Capital Corp now owns 3,143,924 shares of the business services provider’s stock valued at $239,881,000 after acquiring an additional 168,945 shares in the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

RB Global Trading Down 2.5 %

RB Global stock opened at $82.12 on Thursday. RB Global, Inc. has a 12 month low of $58.85 and a 12 month high of $87.45. The company has a market capitalization of $15.02 billion, a price-to-earnings ratio of 49.47, a price-to-earnings-growth ratio of 5.39 and a beta of 0.93. The business’s fifty day simple moving average is $82.02 and its two-hundred day simple moving average is $77.87. The company has a current ratio of 1.29, a quick ratio of 1.20 and a debt-to-equity ratio of 0.55.

RB Global (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.13 billion. RB Global had a net margin of 8.67% and a return on equity of 7.27%. RB Global’s revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 EPS. As a group, equities analysts predict that RB Global, Inc. will post 1.96 earnings per share for the current fiscal year.

RB Global Increases Dividend

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

Insider Activity at RB Global

In other news, insider Darren Jeffrey Watt sold 2,915 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $82.80, for a total transaction of $241,362.00. Following the transaction, the insider now directly owns 19,271 shares of the company’s stock, valued at $1,595,638.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CRO James J. Jeter sold 2,920 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $78.96, for a total transaction of $230,563.20. Following the completion of the transaction, the executive now directly owns 23,267 shares of the company’s stock, valued at $1,837,162.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Darren Jeffrey Watt sold 2,915 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $82.80, for a total transaction of $241,362.00. Following the completion of the sale, the insider now owns 19,271 shares in the company, valued at approximately $1,595,638.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,601 shares of company stock valued at $3,720,043. 4.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Raymond James lifted their price target on shares of RB Global from $95.00 to $98.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. CIBC assumed coverage on shares of RB Global in a research report on Tuesday, June 18th. They set a “sector outperform” rating and a $95.00 price target on the stock. Royal Bank of Canada lifted their price objective on 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 increased their target price on RB Global from $80.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Bank of America upped their price target on RB Global from $79.00 to $92.50 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $92.19.

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.