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

Capstone Investment Advisors LLC purchased a new stake in RB Global, Inc. (NYSE:RBAFree Report) (TSE:RBA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,980 shares of the business services provider’s stock, valued at approximately $1,279,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Addison Advisors LLC acquired a new position in RB Global during the second quarter worth $26,000. J.Safra Asset Management Corp acquired a new position in shares of RB Global during the second quarter valued at about $32,000. MV Capital Management Inc. bought a new stake in shares of RB Global during the fourth quarter worth about $29,000. Bayban bought a new stake in shares of RB Global during the fourth quarter worth about $34,000. Finally, State of Wyoming acquired a new stake in shares of RB Global in the 2nd quarter worth about $46,000. Institutional investors own 95.37% of the company’s stock.

Analyst Ratings Changes

RBA has been the topic of several recent research reports. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of RB Global in a research report on Wednesday, August 5th. Stephens reissued an “equal weight” rating and set a $96.00 price objective on shares of RB Global in a report on Tuesday, May 5th. Wall Street Zen downgraded RB Global from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Zacks Research lowered RB Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Finally, Raymond James Financial raised RB Global from an “outperform” rating to a “strong-buy” rating and set a $145.00 target price on the stock in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.00.

Get Our Latest Analysis on RBA

Insider Buying and Selling

In other RB Global news, Director Chloe Harford acquired 1,200 shares of the business’s stock in a transaction 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 completion of the transaction, the director owned 1,200 shares in the company, valued at approximately $100,488. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.57% of the company’s stock.

RB Global Stock Up 0.2%

RBA opened at $85.90 on Friday. RB Global, Inc. has a fifty-two week low of $82.03 and a fifty-two week high of $119.58. The firm has a market capitalization of $15.90 billion, a P/E ratio of 36.87, a PEG ratio of 1.46 and a beta of 0.56. The company’s 50-day moving average is $103.79 and its 200 day moving average is $103.31. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.31 and a quick ratio of 1.22.

RB Global (NYSE:RBAGet Free Report) (TSE:RBA) last posted its quarterly earnings data on Tuesday, August 4th. The business services provider reported $1.13 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.21 billion. Research analysts expect that RB Global, Inc. will post 4.06 earnings per share for the current fiscal year.

RB Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Tuesday, August 25th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, August 25th. This is a positive change from RB Global’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.5%. RB Global’s dividend payout ratio (DPR) is 56.65%.

About RB Global

(Free Report)

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.

See Also

Institutional Ownership by Quarter for RB Global (NYSE:RBA)

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