10,980 Shares in RB Global, Inc. $RBA Purchased by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC bought a new stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) during the second quarter, HoldingsChannel reports. The institutional investor bought 10,980 shares of the business services provider’s stock, valued at approximately $1,279,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Public Employees Retirement System of Ohio grew its holdings in RB Global by 9.2% during the first quarter. Public Employees Retirement System of Ohio now owns 207,778 shares of the business services provider’s stock valued at $19,873,000 after purchasing an additional 17,489 shares during the period. Bank of America Corp DE raised its stake in shares of RB Global by 7.8% in the first quarter. Bank of America Corp DE now owns 1,452,438 shares of the business services provider’s stock valued at $139,216,000 after buying an additional 104,560 shares during the period. Wilson Asset Management International PTY Ltd. lifted its position in shares of RB Global by 8.5% during the 4th quarter. Wilson Asset Management International PTY Ltd. now owns 139,295 shares of the business services provider’s stock valued at $14,329,000 after buying an additional 10,951 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of RB Global by 20.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 173,358 shares of the business services provider’s stock valued at $17,833,000 after buying an additional 29,530 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC grew its stake in shares of RB Global by 127.3% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 26,343 shares of the business services provider’s stock worth $3,068,000 after acquiring an additional 14,755 shares during the period. 95.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

RBA has been the topic of a number of research reports. Raymond James Financial upgraded RB Global from an “outperform” rating to a “strong-buy” rating and set a $145.00 price objective on the stock in a research note on Tuesday, June 30th. Royal Bank Of Canada increased their target price on shares of RB Global from $150.00 to $152.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. National Bank Financial lifted their target price on shares of RB Global from $132.00 to $133.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Wall Street Zen lowered shares of RB Global from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of RB Global in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, RB Global currently has an average rating of “Moderate Buy” and an average target price of $128.00.

RB Global Stock Performance

NYSE:RBA opened at $85.90 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.22 and a current ratio of 1.31. RB Global, Inc. has a 52-week low of $82.03 and a 52-week high of $119.58. The firm has a market cap of $15.90 billion, a price-to-earnings ratio of 36.87, a PEG ratio of 1.46 and a beta of 0.56. The business’s fifty day moving average is $103.79 and its 200 day moving average is $103.31.

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

RB Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Tuesday, August 25th will be paid a dividend of $0.33 per share. This is an increase from RB Global’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, August 25th. RB Global’s dividend payout ratio is presently 56.65%.

Insiders Place Their Bets

In other news, Director Chloe Harford bought 1,200 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were acquired at an average price of $83.74 per share, with a total value of $100,488.00. Following the acquisition, the director owned 1,200 shares of the company’s stock, valued at approximately $100,488. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.57% of the company’s stock.

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.