Wilmington Savings Fund Society FSB Sells 110 Shares of RB Global, Inc. $RBA

Wilmington Savings Fund Society FSB lowered its position in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 1.9% during the second quarter, HoldingsChannel.com reports. The fund owned 5,617 shares of the business services provider’s stock after selling 110 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in RB Global were worth $596,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its position in RB Global by 3.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 10,241,186 shares of the business services provider’s stock valued at $1,027,191,000 after acquiring an additional 352,530 shares during the last quarter. Fiera Capital Corp boosted its position in shares of RB Global by 17.3% during the 1st quarter. Fiera Capital Corp now owns 3,773,914 shares of the business services provider’s stock worth $379,150,000 after purchasing an additional 557,407 shares in the last quarter. Invesco Ltd. boosted its position in shares of RB Global by 26.9% during the 1st quarter. Invesco Ltd. now owns 2,436,296 shares of the business services provider’s stock worth $244,360,000 after purchasing an additional 516,865 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of RB Global by 1.1% during the 1st quarter. Wellington Management Group LLP now owns 1,854,476 shares of the business services provider’s stock worth $186,098,000 after purchasing an additional 19,543 shares in the last quarter. Finally, Alyeska Investment Group L.P. boosted its position in shares of RB Global by 44.4% during the 1st quarter. Alyeska Investment Group L.P. now owns 1,508,784 shares of the business services provider’s stock worth $151,331,000 after purchasing an additional 463,844 shares in the last quarter. Institutional investors own 95.37% of the company’s stock.

RB Global Price Performance

Shares of NYSE RBA opened at $98.94 on Friday. RB Global, Inc. has a fifty-two week low of $80.42 and a fifty-two week high of $119.58. The stock has a market cap of $18.37 billion, a price-to-earnings ratio of 48.98, a PEG ratio of 2.33 and a beta of 0.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.22 and a current ratio of 1.28. The firm’s 50-day simple moving average is $112.47 and its 200 day simple moving average is $107.00.

RB Global (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings results on Wednesday, August 6th. The business services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.12. RB Global had a net margin of 9.46% and a return on equity of 9.42%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the firm earned $0.94 EPS. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, research analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, August 28th were paid a $0.31 dividend. This is a positive change from RB Global’s previous quarterly dividend of $0.29. The ex-dividend date was Thursday, August 28th. This represents a $1.24 annualized dividend and a yield of 1.3%. RB Global’s dividend payout ratio (DPR) is 61.39%.

Analyst Upgrades and Downgrades

RBA has been the topic of a number of research analyst reports. Raymond James Financial increased their price objective on shares of RB Global from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Royal Bank Of Canada increased their price objective on shares of RB Global from $125.00 to $132.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. National Bankshares cut their price objective on shares of RB Global from $113.00 to $111.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 9th. BMO Capital Markets increased their price objective on shares of RB Global from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Finally, CIBC increased their price objective on shares of RB Global from $118.00 to $121.00 and gave the stock an “outperformer” rating in a research report on Friday, July 18th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.

Insider Buying and Selling

In other RB Global news, insider Michael Thomas Steven Lewis sold 2,151 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $118.15, for a total value of $254,140.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.32% of the company’s stock.

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.