Diversified Trust Co Has $3.44 Million Stock Position in RB Global, Inc. (NYSE:RBA)

Diversified Trust Co lifted its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 86.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,168 shares of the business services provider’s stock after acquiring an additional 20,910 shares during the period. Diversified Trust Co’s holdings in RB Global were worth $3,440,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Mariner LLC grew its stake in shares of RB Global by 3.6% in the 3rd quarter. Mariner LLC now owns 27,567 shares of the business services provider’s stock worth $1,723,000 after acquiring an additional 946 shares in the last quarter. Triasima Portfolio Management inc. increased its stake in RB Global by 1,152.4% in the 4th quarter. Triasima Portfolio Management inc. now owns 193,118 shares of the business services provider’s stock valued at $12,947,000 after buying an additional 177,698 shares during the last quarter. Brevan Howard Capital Management LP bought a new position in shares of RB Global during the 4th quarter worth approximately $2,009,000. Charles Schwab Investment Management Inc. boosted its position in RB Global by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,030,810 shares of the business services provider’s stock worth $68,951,000 after purchasing an additional 24,684 shares during the last quarter. Finally, TD Asset Management Inc grew its position in RB Global by 3.9% during the fourth quarter. TD Asset Management Inc now owns 603,261 shares of the business services provider’s stock valued at $40,567,000 after buying an additional 22,636 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RBA. CIBC began coverage on shares of RB Global in a report on Tuesday, June 18th. They issued a “sector outperform” rating and a $95.00 price target on the stock. Scotiabank increased their target price on shares of RB Global from $88.00 to $89.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 24th. Finally, Bank of America boosted their price target on shares of RB Global from $68.00 to $79.00 and gave the company a “neutral” rating in a research 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 company’s stock. According to data from MarketBeat.com, RB Global currently has an average rating of “Moderate Buy” and a consensus price target of $84.14.

Insiders Place Their Bets

In other 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 in the company, valued at approximately $1,162,299.35. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other RB Global news, insider Darren Jeffrey Watt sold 3,637 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $80.66, for a total transaction of $293,360.42. Following the sale, the insider now owns 17,279 shares in the company, valued at $1,393,724.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Baron Concors sold 13,230 shares of the company’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 $1,162,299.35. The disclosure for this sale can be found here. Insiders have sold 43,867 shares of company stock worth $3,370,272 in the last ninety days. 4.10% of the stock is currently owned by insiders.

RB Global Trading Down 0.8 %

Shares of RB Global stock opened at $75.78 on Tuesday. The company’s 50-day moving average price is $75.34 and its 200-day moving average price is $71.91. The company has a market cap of $13.86 billion, a price-to-earnings ratio of 45.65, a PEG ratio of 5.22 and a beta of 0.91. RB Global, Inc. has a 12-month low of $55.54 and a 12-month high of $81.74. 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) (TSE:RBA) last posted its earnings results on Thursday, May 9th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.15. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. RB Global had a net margin of 8.08% and a return on equity of 6.87%. On average, equities 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 was paid on Thursday, June 20th. Investors of record on Wednesday, May 29th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.43%. The ex-dividend date was Wednesday, May 29th. RB Global’s payout ratio is 65.06%.

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.