Vontobel Holding Ltd. Has $781.86 Million Position in RB Global, Inc. $RBA

Vontobel Holding Ltd. increased its position in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 10.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,215,414 shares of the business services provider’s stock after acquiring an additional 672,450 shares during the period. RB Global comprises about 2.4% of Vontobel Holding Ltd.’s portfolio, making the stock its 7th biggest position. Vontobel Holding Ltd. owned about 3.89% of RB Global worth $781,862,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in RB Global in the 2nd quarter valued at approximately $255,798,000. Samlyn Capital LLC acquired a new position in RB Global in the 1st quarter valued at approximately $118,821,000. Third Point LLC bought a new position in shares of RB Global during the first quarter valued at $95,285,000. Alyeska Investment Group L.P. lifted its holdings in shares of RB Global by 44.4% during the first 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 during the period. Finally, TD Asset Management Inc grew its stake in shares of RB Global by 85.1% in the second quarter. TD Asset Management Inc now owns 938,902 shares of the business services provider’s stock worth $99,546,000 after purchasing an additional 431,649 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling at RB Global

In related news, Director Deborah Stein bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The shares were bought at an average price of $101.26 per share, with a total value of $101,260.00. Following the completion of the transaction, the director directly owned 1,000 shares in the company, valued at approximately $101,260. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.28% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on RBA. Royal Bank Of Canada lifted their target price on RB Global from $132.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Weiss Ratings downgraded RB Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Wall Street Zen cut RB Global from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Bank of America lowered their price target on shares of RB Global from $120.00 to $114.00 and set a “buy” rating for the company in a report on Friday, November 7th. Finally, National Bank Financial raised shares of RB Global from a “sector perform” rating to an “outperform” rating and set a $124.00 price objective on the stock in a research note on Monday, November 24th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $122.88.

RB Global Price Performance

Shares of NYSE RBA opened at $105.32 on Wednesday. The firm has a market capitalization of $19.58 billion, a P/E ratio of 50.39, a P/E/G ratio of 2.30 and a beta of 0.56. The firm’s 50-day moving average price is $100.27 and its 200-day moving average price is $106.79. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.46. RB Global, Inc. has a 1-year low of $86.68 and a 1-year high of $119.58.

RB Global (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings data on Thursday, November 6th. The business services provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.10. RB Global had a return on equity of 9.66% and a net margin of 9.65%.The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the firm posted $0.71 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. Equities research analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 26th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. RB Global’s payout ratio is presently 59.33%.

RB Global Company 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.