UBS Group AG Has $41.32 Million Stake in RB Global, Inc. $RBA

UBS Group AG increased its stake in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 12.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 401,630 shares of the business services provider’s stock after acquiring an additional 45,198 shares during the period. UBS Group AG’s holdings in RB Global were worth $41,316,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in RBA. Central Pacific Bank Trust Division raised its holdings in shares of RB Global by 41.8% during the fourth quarter. Central Pacific Bank Trust Division now owns 363 shares of the business services provider’s stock worth $37,000 after acquiring an additional 107 shares during the period. Spire Wealth Management grew its position in RB Global by 1,090.6% in the third quarter. Spire Wealth Management now owns 381 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 349 shares in the last quarter. State of Wyoming bought a new position in RB Global in the second quarter valued at $46,000. Geneos Wealth Management Inc. grew its position 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 purchasing an additional 97 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in RB Global by 53.1% in the first quarter. NewEdge Advisors LLC now owns 588 shares of the business services provider’s stock valued at $59,000 after purchasing an additional 204 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on RBA shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $135.00 target price (up from $130.00) on shares of RB Global in a research report on Tuesday. Royal Bank Of Canada raised their target price on shares of RB Global from $146.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday. Weiss Ratings raised shares of RB Global from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. Raymond James Financial raised their target price on shares of RB Global from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $96.00 target price on shares of RB Global in a research report on Tuesday. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $126.43.

RB Global Stock Performance

Shares of RBA opened at $103.45 on Friday. The firm has a 50-day moving average of $101.15 and a 200-day moving average of $103.49. RB Global, Inc. has a one year low of $93.58 and a one year high of $119.58. The company has a market cap of $19.23 billion, a PE ratio of 48.12, a price-to-earnings-growth ratio of 1.71 and a beta of 0.57. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.14 and a quick ratio of 1.02.

RB Global (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings data on Monday, May 4th. The business services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. RB Global had a net margin of 9.55% and a return on equity of 12.33%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the firm posted $0.89 EPS. The company’s quarterly revenue was up 11.4% on a year-over-year basis. As a group, equities analysts forecast that RB Global, Inc. will post 4.04 earnings per share for the current year.

RB Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Wednesday, May 27th will be given 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 of this dividend is Wednesday, May 27th. RB Global’s dividend payout ratio (DPR) is 57.67%.

Insider Activity at RB Global

In other news, Director Deborah Stein acquired 400 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was bought at an average price of $98.74 per share, with a total value of $39,496.00. Following the transaction, the director directly owned 1,400 shares in the company, valued at approximately $138,236. The trade was a 40.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.57% of the stock is currently owned by company insiders.

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.