Wilson Asset Management International PTY Ltd. Purchases 13,814 Shares of RB Global, Inc. $RBA

Wilson Asset Management International PTY Ltd. boosted its position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 9.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 159,402 shares of the business services provider’s stock after buying an additional 13,814 shares during the quarter. RB Global makes up about 4.2% of Wilson Asset Management International PTY Ltd.’s holdings, making the stock its 9th biggest position. Wilson Asset Management International PTY Ltd. owned about 0.09% of RB Global worth $16,927,000 at the end of the most recent reporting period.

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

RB Global Price Performance

NYSE:RBA opened at $105.01 on Tuesday. The company has a 50-day moving average of $113.13 and a 200-day moving average of $107.03. The company has a market capitalization of $19.50 billion, a price-to-earnings ratio of 51.99, a PEG ratio of 2.42 and a beta of 0.65. RB Global, Inc. has a 52 week low of $78.55 and a 52 week high of $119.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.22 and a current ratio of 1.28.

RB Global (NYSE:RBA) (TSE:RBA) last announced its earnings results on Wednesday, August 6th. The business services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.12. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.14 billion. RB Global had a net margin of 9.46% and a return on equity of 9.42%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the company posted $0.94 EPS. As a group, equities 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 announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, August 28th were given a dividend of $0.31 per share. This is an increase from RB Global’s previous quarterly dividend of $0.29. The ex-dividend date was Thursday, August 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. RB Global’s dividend payout ratio is 61.39%.

Analyst Ratings Changes

A number of analysts have weighed in on RBA shares. Royal Bank Of Canada increased their price target on shares of RB Global from $125.00 to $132.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. CIBC increased their price target on shares of RB Global from $118.00 to $121.00 and gave the company an “outperformer” rating in a report on Friday, July 18th. National Bankshares reduced their price target on shares of RB Global from $113.00 to $111.00 and set a “sector perform” rating for the company in a report on Thursday, October 9th. Wall Street Zen downgraded shares of RB Global from a “buy” rating to a “hold” rating in a report on Saturday. Finally, BMO Capital Markets raised their price objective on shares of RB Global from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $124.00.

Insiders Place Their Bets

In other RB Global news, insider Michael Thomas Steven Lewis sold 2,151 shares of the firm’s 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.28% of the company’s stock.

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.