Sanctuary Advisors LLC Makes New Investment in RB Global, Inc. $RBA

Sanctuary Advisors LLC bought a new stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,130 shares of the business services provider’s stock, valued at approximately $714,000.

Several other institutional investors and hedge funds also recently made changes to their positions in RBA. Addison Advisors LLC bought a new stake in shares of RB Global in the second quarter worth $26,000. J.Safra Asset Management Corp bought a new position in RB Global during the 2nd quarter valued at $32,000. MV Capital Management Inc. acquired a new position in RB Global during the 4th quarter worth $29,000. Bayban acquired a new position in RB Global during the 4th quarter worth $34,000. Finally, State of Wyoming bought a new stake in shares of RB Global in the 2nd quarter worth about $46,000. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Chloe Harford acquired 1,200 shares of RB Global stock in a transaction that occurred on Monday, August 24th. The stock was acquired at an average price of $83.74 per share, for a total transaction of $100,488.00. Following the transaction, the director directly owned 1,200 shares of the company’s stock, valued at $100,488. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on RBA shares. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of RB Global in a research report on Wednesday, August 5th. Royal Bank Of Canada boosted their price objective on RB Global from $150.00 to $152.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Weiss Ratings cut RB Global from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Zacks Research downgraded RB Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Finally, Stephens reiterated an “equal weight” rating and issued a $96.00 target price on shares of RB Global in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $128.00.

RB Global Trading Up 0.1%

RB Global stock opened at $85.94 on Friday. RB Global, Inc. has a 1 year low of $82.03 and a 1 year high of $119.58. The firm’s 50-day moving average is $103.30 and its 200-day moving average is $103.19. 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 company has a market cap of $15.91 billion, a P/E ratio of 36.88, a PEG ratio of 1.47 and a beta of 0.56.

RB Global (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings data on Tuesday, August 4th. The business services provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.04. RB Global had a net margin of 9.99% and a return on equity of 12.37%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.21 billion. On average, equities analysts expect that RB Global, Inc. will post 4.06 earnings per share for the current year.

RB Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Tuesday, August 25th will be issued a $0.33 dividend. This is a positive change 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 dividend yield of 1.5%. RB Global’s dividend payout ratio (DPR) is 56.65%.

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.