RB Global, Inc. (NYSE:RBA) Shares Bought by Vanguard Group Inc. (2024)

Vanguard Group Inc. grew its stake in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 0.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,839,262 shares of the business services provider's stock after purchasing an additional 191,974 shares during the period. Vanguard Group Inc. owned approximately 12.48% of RB Global worth $1,527,718,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Oakworth Capital Inc. lifted its stake in shares of RB Global by 53.3% during the 4th quarter. Oakworth Capital Inc. now owns 466 shares of the business services provider's stock worth $31,000 after acquiring an additional 162 shares during the last quarter. Signaturefd LLC lifted its stake in shares of RB Global by 11.0% during the 4th quarter. Signaturefd LLC now owns 1,917 shares of the business services provider's stock worth $128,000 after acquiring an additional 190 shares during the last quarter. Atria Wealth Solutions Inc. lifted its stake in shares of RB Global by 4.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 5,386 shares of the business services provider's stock worth $360,000 after acquiring an additional 250 shares during the last quarter. Mutual Advisors LLC lifted its stake in shares of RB Global by 6.9% during the 4th quarter. Mutual Advisors LLC now owns 4,786 shares of the business services provider's stock worth $320,000 after acquiring an additional 309 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in shares of RB Global by 9.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 3,715 shares of the business services provider's stock worth $232,000 after acquiring an additional 327 shares during the last quarter. 95.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Raymond James raised their price target on RB Global from $78.00 to $90.00 and gave the stock an "outperform" rating in a research note on Monday, February 26th. Royal Bank of Canada raised their price objective on RB Global from $75.00 to $93.00 and gave the stock an "outperform" rating in a report on Monday, February 26th. Scotiabank raised their price objective on RB Global from $88.00 to $89.00 and gave the stock a "sector outperform" rating in a report on Wednesday, April 24th. CIBC started coverage on RB Global in a report on Tuesday. They set a "sector outperform" rating and a $95.00 price objective on the stock. Finally, Bank of America raised their price objective on RB Global from $68.00 to $79.00 and gave the stock a "neutral" rating in a report on Tuesday, May 28th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $84.14.

Get Our Latest Report on RBA

Insider Buying and Selling

In other RB Global news, insider Baron Concors sold 13,230 shares of RB Global stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $75.05, for a total transaction of $992,911.50. Following the completion of the sale, the insider now owns 15,487 shares of the company's stock, valued at approximately $1,162,299.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Baron Concors sold 13,230 shares of the business's stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $75.05, for a total value of $992,911.50. Following the completion of the transaction, the insider now owns 15,487 shares of the company's stock, valued at approximately $1,162,299.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO James Francis Kessler sold 8,000 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 78,104 shares of the company's stock, valued at approximately $6,319,394.64. The disclosure for this sale can be found here. Insiders have sold a total of 43,867 shares of company stock worth $3,370,272 in the last ninety days. 4.32% of the stock is owned by insiders.

RB Global Stock Down 2.3 %

Shares of NYSE:RBA traded down $1.88 on Thursday, reaching $78.19. The company had a trading volume of 2,255,472 shares, compared to its average volume of 922,738. RB Global, Inc. has a 52-week low of $55.09 and a 52-week high of $81.74. The firm's 50 day simple moving average is $74.66 and its 200-day simple moving average is $71.10. The firm has a market capitalization of $14.30 billion, a PE ratio of 48.24, a PEG ratio of 5.47 and a beta of 0.88. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.58.

RB Global (NYSE:RBA - Get Free Report) 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 return on equity of 6.87% and a net margin of 8.08%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. As a group, analysts expect that RB Global, Inc. will post 2.04 earnings per share for the current fiscal year.

RB Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Wednesday, May 29th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $1.08 annualized dividend and a yield of 1.38%. RB Global's dividend payout ratio (DPR) is 65.06%.

RB Global Company Profile

(Free Report)

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.

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