Vontobel Holding Ltd. Purchases 131,383 Shares of RB Global, Inc. (NYSE:RBA)

Vontobel Holding Ltd. grew its position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 487.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 158,329 shares of the business services provider’s stock after purchasing an additional 131,383 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.09% of RB Global worth $10,591,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC bought a new position in shares of RB Global in the third quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new position in RB Global during the 3rd quarter valued at $26,000. Cornerstone Planning Group LLC acquired a new position in RB Global during the 2nd quarter valued at $45,000. Quilter Plc acquired a new position in RB Global during the 1st quarter valued at $587,759,000. Finally, WASHINGTON TRUST Co acquired a new position in RB Global during the 3rd quarter valued at $56,000. Institutional investors own 95.37% of the company’s stock.

Insider Transactions at RB Global

In other news, insider Darren Jeffrey Watt sold 2,300 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $76.97, for a total value of $177,031.00. Following the sale, the insider now owns 21,103 shares of the company’s stock, valued at approximately $1,624,297.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other RB Global news, CRO James J. Jeter sold 11,416 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $76.32, for a total transaction of $871,269.12. Following the sale, the executive now owns 30,915 shares of the company’s stock, valued at approximately $2,359,432.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Darren Jeffrey Watt sold 2,300 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $76.97, for a total transaction of $177,031.00. Following the sale, the insider now directly owns 21,103 shares in the company, valued at approximately $1,624,297.91. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,816 shares of company stock valued at $1,133,055. 4.10% of the stock is owned by insiders.

RB Global Trading Up 0.3 %

Shares of RB Global stock opened at $73.33 on Wednesday. The firm has a market capitalization of $13.40 billion, a PE ratio of 86.26, a price-to-earnings-growth ratio of 5.55 and a beta of 0.87. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.35 and a quick ratio of 1.23. The company’s fifty day moving average price is $73.82 and its two-hundred day moving average price is $67.67. RB Global, Inc. has a 52-week low of $51.07 and a 52-week high of $77.99.

RB Global (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings results on Friday, February 23rd. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.14. RB Global had a net margin of 5.61% and a return on equity of 4.19%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the firm posted $0.40 EPS. The business’s revenue for the quarter was up 134.5% on a year-over-year basis. On average, analysts expect that RB Global, Inc. will post 1.88 EPS for the current year.

RB Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Thursday, February 8th. RB Global’s payout ratio is 127.06%.

Analyst Ratings Changes

RBA has been the subject of several research analyst reports. Raymond James upped their target price on shares of RB Global from $78.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. Royal Bank of Canada upped their target price on shares of RB Global from $75.00 to $93.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. StockNews.com upgraded shares of RB Global from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. Finally, Scotiabank upped their target price on shares of RB Global from $76.00 to $88.00 and gave the company a “sector outperform” rating in a research note on Monday, February 26th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, RB Global presently has a consensus rating of “Moderate Buy” and an average target price of $82.80.

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.