Vise Technologies Inc. Takes Position in RB Global, Inc. $RBA

Vise Technologies Inc. acquired a new stake in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,160 shares of the business services provider’s stock, valued at approximately $834,000.

A number of other hedge funds also recently bought and sold shares of the company. Addison Advisors LLC purchased a new stake in RB Global in the second quarter worth approximately $26,000. MV Capital Management Inc. purchased a new position in shares of RB Global during the fourth quarter worth approximately $29,000. J.Safra Asset Management Corp bought a new stake in shares of RB Global in the 2nd quarter worth approximately $32,000. Bayban bought a new stake in shares of RB Global in the 4th quarter worth approximately $34,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in shares of RB Global during the 1st quarter valued at $43,000. Institutional investors own 95.37% of the company’s stock.

RB Global Stock Down 0.1%

Shares of RB Global stock opened at $86.97 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.22 and a current ratio of 1.31. The stock has a market capitalization of $16.10 billion, a PE ratio of 37.33, a price-to-earnings-growth ratio of 1.49 and a beta of 0.56. RB Global, Inc. has a 52-week low of $82.03 and a 52-week high of $119.58. The company has a 50-day simple moving average of $105.76 and a two-hundred day simple moving average of $104.17.

RB Global (NYSE:RBA) (TSE:RBA) last issued its earnings results on Tuesday, August 4th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.04. RB Global had a net margin of 9.99% and a return on equity of 12.37%. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.21 billion. On average, analysts anticipate that RB Global, Inc. will post 4.06 EPS for the current fiscal year.

RB Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Tuesday, August 25th will be given a $0.33 dividend. This is a boost from RB Global’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $1.32 annualized dividend and a yield of 1.5%. RB Global’s payout ratio is currently 53.22%.

Wall Street Analysts Forecast Growth

RBA has been the topic of several recent research reports. Barclays reduced their price target on RB Global from $124.00 to $121.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. BMO Capital Markets reaffirmed an “outperform” rating and set a $135.00 price target (up from $130.00) on shares of RB Global in a research report on Tuesday, May 5th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of RB Global in a research note on Wednesday, August 5th. Royal Bank Of Canada lifted their price target on RB Global from $150.00 to $152.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Finally, National Bank Financial lifted their price target on shares of RB Global from $132.00 to $133.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, RB Global has a consensus rating of “Moderate Buy” and a consensus target price of $128.00.

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.