RB Global, Inc. $RBA Shares Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd increased its position in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 377.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,800 shares of the business services provider’s stock after purchasing an additional 15,657 shares during the period. WINTON GROUP Ltd’s holdings in RB Global were worth $2,306,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its holdings in RB Global by 9.2% in the first quarter. Public Employees Retirement System of Ohio now owns 207,778 shares of the business services provider’s stock valued at $19,873,000 after acquiring an additional 17,489 shares during the period. Bank of America Corp DE grew its stake in shares of RB Global by 7.8% during the 1st quarter. Bank of America Corp DE now owns 1,452,438 shares of the business services provider’s stock worth $139,216,000 after purchasing an additional 104,560 shares during the period. Legacy Wealth Asset Management LLC grew its stake in shares of RB Global by 127.3% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 26,343 shares of the business services provider’s stock worth $3,068,000 after purchasing an additional 14,755 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in shares of RB Global in the 2nd quarter valued at about $17,590,000. Finally, Moore Capital Management LP increased its holdings in shares of RB Global by 125.0% in the 4th quarter. Moore Capital Management LP now owns 305,557 shares of the business services provider’s stock valued at $31,433,000 after purchasing an additional 169,755 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. National Bank Financial boosted their price objective on shares of RB Global from $132.00 to $133.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of RB Global in a research report on Wednesday, August 5th. Raymond James Financial raised RB Global from an “outperform” rating to a “strong-buy” rating and set a $145.00 price target on the stock in a research note on Tuesday, June 30th. Zacks Research cut RB Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Finally, Royal Bank Of Canada raised their price objective on RB Global from $150.00 to $152.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.00.

RB Global Stock Performance

NYSE:RBA opened at $83.58 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.22 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $15.48 billion, a P/E ratio of 35.87, a price-to-earnings-growth ratio of 1.38 and a beta of 0.52. The firm has a 50-day moving average price of $97.27 and a two-hundred day moving average price of $101.46. RB Global, Inc. has a twelve month low of $79.75 and a twelve month high of $119.58.

RB Global (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings results on Tuesday, August 4th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.04. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.21 billion. RB Global had a net margin of 9.99% and a return on equity of 12.37%. As a group, research analysts expect that RB Global, Inc. will post 4.06 earnings per share for the current fiscal year.

RB Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Tuesday, August 25th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, August 25th. This is an increase from RB Global’s previous quarterly dividend of $0.31. RB Global’s dividend payout ratio is currently 56.65%.

Insiders Place Their Bets

In related news, Director Chloe Harford bought 1,200 shares of the stock in a transaction on Monday, August 24th. The shares were purchased at an average price of $83.74 per share, for a total transaction of $100,488.00. Following the acquisition, the director owned 1,200 shares in the company, valued at $100,488. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Deborah Stein purchased 500 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was bought at an average cost of $80.91 per share, with a total value of $40,455.00. Following the completion of the acquisition, the director owned 2,325 shares of the company’s stock, valued at approximately $188,115.75. The trade was a 27.40% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.57% of the stock is currently owned by corporate insiders.

RB Global Profile

RB Global, Inc (NYSE: RBA) operates a global marketplace for the sale and management of used equipment, vehicles and other commercial assets. The company serves construction, transportation, agriculture, energy, government and other industrial sectors, helping businesses buy, sell, manage and value assets through digital and physical channels.

Its services include unreserved live and online auctions, timed auctions, private sales, equipment listings, inspections, valuations, financing and asset-management solutions.