Diversified Trust Co Has $4.86 Million Stake in RB Global, Inc. $RBA

Diversified Trust Co lifted its stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 103.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,890 shares of the business services provider’s stock after purchasing an additional 22,810 shares during the period. Diversified Trust Co’s holdings in RB Global were worth $4,864,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of RBA. MJP Associates Inc. ADV increased its stake in shares of RB Global by 2.2% in the 2nd quarter. MJP Associates Inc. ADV now owns 4,434 shares of the business services provider’s stock valued at $471,000 after buying an additional 95 shares during the period. Geneos Wealth Management Inc. boosted its holdings in RB Global by 21.9% in the first quarter. Geneos Wealth Management Inc. now owns 540 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 97 shares during the last quarter. Archer Investment Corp increased its position in RB Global by 6.0% in the second quarter. Archer Investment Corp now owns 1,760 shares of the business services provider’s stock worth $187,000 after purchasing an additional 100 shares during the period. California State Teachers Retirement System increased its position in RB Global by 1.1% in the second quarter. California State Teachers Retirement System now owns 11,693 shares of the business services provider’s stock worth $1,242,000 after purchasing an additional 124 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in RB Global by 2.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,844 shares of the business services provider’s stock worth $512,000 after purchasing an additional 125 shares during the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on RBA shares. Wall Street Zen lowered shares of RB Global from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings lowered shares of RB Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Bank of America reduced their price objective on shares of RB Global from $120.00 to $114.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. National Bank Financial upgraded shares of RB Global from a “sector perform” rating to an “outperform” rating and set a $124.00 target price for the company in a research report on Monday, November 24th. Finally, Royal Bank Of Canada raised their price target on RB Global from $132.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, RB Global currently has an average rating of “Moderate Buy” and an average target price of $122.88.

Insider Buying and Selling at RB Global

In other news, Director Deborah Stein acquired 1,000 shares of RB Global stock in a transaction dated Thursday, November 13th. The stock was bought at an average cost of $101.26 per share, with a total value of $101,260.00. Following the completion of the transaction, the director directly owned 1,000 shares of the company’s stock, valued at approximately $101,260. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is owned by corporate insiders.

RB Global Price Performance

Shares of RBA stock opened at $105.59 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.46. RB Global, Inc. has a 12-month low of $86.68 and a 12-month high of $119.58. The firm has a fifty day moving average of $100.63 and a 200-day moving average of $106.75. The firm has a market capitalization of $19.63 billion, a price-to-earnings ratio of 50.52, a price-to-earnings-growth ratio of 2.30 and a beta of 0.56.

RB Global (NYSE:RBA) (TSE:RBA) last posted its earnings results on Thursday, November 6th. The business services provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.10. RB Global had a return on equity of 9.66% and a net margin of 9.65%.The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, equities research analysts forecast that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 26th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Wednesday, November 26th. RB Global’s payout ratio is 59.33%.

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.