Blair William & Co. IL Has $59.83 Million Stock Holdings in RB Global, Inc. (NYSE:RBA)

Blair William & Co. IL increased its position in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 1.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 783,470 shares of the business services provider’s stock after purchasing an additional 13,833 shares during the quarter. Blair William & Co. IL owned approximately 0.43% of RB Global worth $59,826,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. YHB Investment Advisors Inc. bought a new stake in RB Global during the first quarter worth about $27,000. Hollencrest Capital Management acquired a new stake in RB Global during the 1st quarter valued at $33,000. Massmutual Trust Co. FSB ADV raised its position in RB Global by 58.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 446 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 165 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in RB Global by 33.5% in the second quarter. Nisa Investment Advisors LLC now owns 836 shares of the business services provider’s stock worth $64,000 after purchasing an additional 210 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of RB Global during the fourth quarter worth $72,000. 95.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on RBA shares. Royal Bank of Canada lifted their price target on RB Global from $93.00 to $99.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Robert W. Baird increased their price target on shares of RB Global from $80.00 to $86.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. BMO Capital Markets began coverage on RB Global in a research report on Thursday, September 5th. They issued an “outperform” rating and a $105.00 price objective on the stock. CIBC began coverage on RB Global in a research note on Tuesday, June 18th. They issued a “sector outperform” rating and a $95.00 target price for the company. Finally, Bank of America upped their price target on RB Global from $79.00 to $92.50 and gave the company a “neutral” rating in a research note on Monday, August 26th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $92.19.

Insider Buying and Selling

In other RB Global news, insider Darren Jeffrey Watt sold 2,915 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $82.80, for a total value of $241,362.00. Following the completion of the transaction, the insider now directly owns 19,271 shares of the company’s stock, valued at $1,595,638.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other RB Global news, insider Darren Jeffrey Watt sold 2,915 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $82.80, for a total transaction of $241,362.00. Following the completion of the transaction, the insider now owns 19,271 shares in the company, valued at approximately $1,595,638.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO James J. Jeter sold 2,920 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $78.96, for a total value of $230,563.20. Following the transaction, the executive now directly owns 23,267 shares of the company’s stock, valued at $1,837,162.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,718 shares of company stock valued at $2,214,474. 4.32% of the stock is owned by company insiders.

RB Global Stock Performance

RBA stock opened at $83.90 on Thursday. RB Global, Inc. has a twelve month low of $58.85 and a twelve month high of $87.45. The company has a quick ratio of 1.20, a current ratio of 1.29 and a debt-to-equity ratio of 0.55. The company has a market cap of $15.34 billion, a P/E ratio of 50.54, a price-to-earnings-growth ratio of 5.42 and a beta of 0.93. The business’s fifty day moving average is $81.62 and its 200-day moving average is $77.57.

RB Global (NYSE:RBA) (TSE:RBA) last issued its earnings results on Tuesday, August 6th. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.13 billion. RB Global had a return on equity of 7.27% and a net margin of 8.67%. The company’s revenue was down .9% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 earnings per share. Equities research analysts forecast that RB Global, Inc. will post 1.96 EPS for the current year.

RB Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th were issued a $0.29 dividend. This is a positive change from RB Global’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $1.16 annualized dividend and a dividend yield of 1.38%. RB Global’s payout ratio is 69.88%.

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.