RB Global, Inc. (NYSE:RBA) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG lifted its stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 246,057 shares of the business services provider’s stock after buying an additional 10,393 shares during the period. Deutsche Bank AG’s holdings in RB Global were worth $22,197,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of RBA. CoreCap Advisors LLC grew its position in RB Global by 74.5% in the fourth quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 117 shares in the last quarter. Crestline Management LP acquired a new stake in RB Global during the 4th quarter valued at $1,330,000. Cubist Systematic Strategies LLC purchased a new stake in RB Global during the 4th quarter worth $569,000. Cetera Investment Advisers increased its stake in RB Global by 3.6% during the 4th quarter. Cetera Investment Advisers now owns 40,020 shares of the business services provider’s stock worth $3,610,000 after buying an additional 1,403 shares during the period. Finally, Benjamin Edwards Inc. lifted its holdings in RB Global by 25.6% in the 4th quarter. Benjamin Edwards Inc. now owns 16,714 shares of the business services provider’s stock worth $1,508,000 after buying an additional 3,405 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

RB Global Trading Up 0.8%

NYSE:RBA opened at $105.61 on Thursday. The company has a market cap of $19.55 billion, a PE ratio of 52.54, a P/E/G ratio of 4.95 and a beta of 0.78. The business’s 50 day moving average is $98.60 and its two-hundred day moving average is $95.20. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.50. RB Global, Inc. has a 52 week low of $70.27 and a 52 week high of $107.99.

RB Global (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.89. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. RB Global had a return on equity of 8.00% and a net margin of 9.64%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the business posted $0.90 earnings per share. On average, analysts predict that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.10%. RB Global’s payout ratio is currently 57.14%.

Insider Activity

In other RB Global news, CEO James Francis Kessler sold 15,700 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $97.81, for a total value of $1,535,617.00. Following the sale, the chief executive officer now directly owns 107,569 shares in the company, valued at approximately $10,521,323.89. This trade represents a 12.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CRO James J. Jeter sold 3,500 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $104.38, for a total transaction of $365,330.00. Following the transaction, the executive now directly owns 16,167 shares of the company’s stock, valued at approximately $1,687,511.46. This trade represents a 17.80% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 27,397 shares of company stock valued at $2,703,491. Company insiders own 4.32% of the company’s stock.

Wall Street Analysts Forecast Growth

RBA has been the subject of several recent analyst reports. National Bankshares lowered their target price on RB Global from $118.00 to $115.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. StockNews.com upgraded RB Global from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Robert W. Baird upped their target price on RB Global from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. CIBC increased their target price on RB Global from $116.00 to $118.00 and gave the company an “outperformer” rating in a research note on Friday, May 9th. Finally, BMO Capital Markets lifted their price target on shares of RB Global from $116.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $114.50.

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.