Diversified Trust Co Acquires 20,910 Shares of RB Global, Inc. (NYSE:RBA)

Diversified Trust Co boosted its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 86.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,168 shares of the business services provider’s stock after buying an additional 20,910 shares during the quarter. Diversified Trust Co’s holdings in RB Global were worth $3,440,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RBA. Cary Street Partners Investment Advisory LLC bought a new stake in shares of RB Global during the 3rd quarter valued at $26,000. Oakworth Capital Inc. grew its holdings in RB Global by 53.3% during the fourth quarter. Oakworth Capital Inc. now owns 466 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 162 shares during the period. GAMMA Investing LLC purchased a new stake in RB Global in the fourth quarter worth about $54,000. Brown Brothers Harriman & Co. bought a new position in shares of RB Global in the fourth quarter worth about $72,000. Finally, Oliver Lagore Vanvalin Investment Group lifted its position in shares of RB Global by 63.4% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 1,448 shares of the business services provider’s stock valued at $97,000 after buying an additional 562 shares in the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at RB Global

In other news, CEO James Francis Kessler sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $80.91, for a total transaction of $647,280.00. Following the sale, the chief executive officer now directly owns 78,104 shares of the company’s stock, valued at approximately $6,319,394.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other RB Global news, CRO James J. Jeter sold 14,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $75.43, for a total transaction of $1,056,020.00. Following the sale, the executive now directly owns 28,267 shares of the company’s stock, valued at $2,132,179.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James Francis Kessler sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $80.91, for a total value of $647,280.00. Following the completion of the sale, the chief executive officer now directly owns 78,104 shares of the company’s stock, valued at $6,319,394.64. The disclosure for this sale can be found here. Insiders sold 43,867 shares of company stock worth $3,370,272 in the last quarter. 4.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on RBA shares. CIBC assumed coverage on shares of RB Global in a research note on Tuesday, June 18th. They set a “sector outperform” rating and a $95.00 target price on the stock. Bank of America raised their price objective on shares of RB Global from $68.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Finally, Scotiabank upped their target price on shares of RB Global from $88.00 to $89.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $84.14.

RB Global Trading Down 0.8 %

RB Global stock opened at $75.78 on Tuesday. RB Global, Inc. has a 1 year low of $55.54 and a 1 year high of $81.74. The firm’s 50 day moving average price is $75.34 and its 200-day moving average price is $71.91. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.29 and a quick ratio of 1.17. The stock has a market cap of $13.86 billion, a P/E ratio of 45.65, a PEG ratio of 5.22 and a beta of 0.91.

RB Global (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings results on Thursday, May 9th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.15. RB Global had a net margin of 8.08% and a return on equity of 6.87%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. On average, equities analysts predict that RB Global, Inc. will post 2.04 earnings per share for the current fiscal year.

RB Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Wednesday, May 29th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Wednesday, May 29th. RB Global’s payout ratio is presently 65.06%.

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.