DekaBank Deutsche Girozentrale Has $2.78 Million Stock Holdings in RB Global, Inc. $RBA

DekaBank Deutsche Girozentrale raised its position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 0.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 26,316 shares of the business services provider’s stock after purchasing an additional 200 shares during the period. DekaBank Deutsche Girozentrale’s holdings in RB Global were worth $2,780,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Geneos Wealth Management Inc. raised its stake in shares of RB Global by 21.9% in the first quarter. Geneos Wealth Management Inc. now owns 540 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 97 shares in the last quarter. Securian Asset Management Inc. increased its holdings in RB Global by 0.7% in the 1st quarter. Securian Asset Management Inc. now owns 14,041 shares of the business services provider’s stock valued at $1,408,000 after buying an additional 100 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of RB Global by 10.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,060 shares of the business services provider’s stock valued at $106,000 after buying an additional 104 shares in the last quarter. Wealth Alliance LLC lifted its holdings in shares of RB Global by 2.7% during the 1st quarter. Wealth Alliance LLC now owns 3,976 shares of the business services provider’s stock worth $399,000 after acquiring an additional 104 shares during the period. Finally, Fullcircle Wealth LLC boosted its position in shares of RB Global by 5.5% during the 1st quarter. Fullcircle Wealth LLC now owns 2,382 shares of the business services provider’s stock valued at $235,000 after acquiring an additional 124 shares in the last quarter. Institutional investors own 95.37% of the company’s stock.

Insider Buying and Selling

In related news, insider Michael Thomas Steven Lewis sold 2,151 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $118.15, for a total transaction of $254,140.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.32% of the company’s stock.

RB Global Price Performance

NYSE RBA opened at $101.87 on Friday. The business has a 50 day simple moving average of $110.84 and a 200 day simple moving average of $107.34. RB Global, Inc. has a 52-week low of $84.31 and a 52-week high of $119.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.22 and a current ratio of 1.28. The stock has a market cap of $18.91 billion, a price-to-earnings ratio of 50.43, a PEG ratio of 2.37 and a beta of 0.65.

RB Global (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings data on Wednesday, August 6th. The business services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.12. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.14 billion. RB Global had a return on equity of 9.42% and a net margin of 9.46%.RB Global’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the company earned $0.94 earnings per share. Analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, August 28th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.2%. This is a boost from RB Global’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, August 28th. RB Global’s payout ratio is currently 61.39%.

Wall Street Analyst Weigh In

A number of research analysts have commented on RBA shares. National Bankshares cut their price target on shares of RB Global from $113.00 to $111.00 and set a “sector perform” rating for the company in a research note on Thursday, October 9th. Weiss Ratings downgraded RB Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday. BMO Capital Markets raised their target price on RB Global from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. CIBC raised their target price on RB Global from $118.00 to $121.00 and gave the stock an “outperformer” rating in a research report on Friday, July 18th. Finally, Raymond James Financial raised their price target on RB Global from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.

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.