Landscape Capital Management L.L.C. Buys Shares of 21,333 RB Global, Inc. $RBA

Landscape Capital Management L.L.C. purchased a new stake in RB Global, Inc. (NYSE:RBAFree Report) (TSE:RBA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,333 shares of the business services provider’s stock, valued at approximately $2,484,000.

A number of other institutional investors have also made changes to their positions in RBA. AQR Capital Management LLC increased its holdings in RB Global by 94.3% in the first quarter. AQR Capital Management LLC now owns 10,489 shares of the business services provider’s stock valued at $1,031,000 after purchasing an additional 5,090 shares during the last quarter. NewEdge Advisors LLC lifted its stake in RB Global by 53.1% in the first quarter. NewEdge Advisors LLC now owns 588 shares of the business services provider’s stock valued at $59,000 after buying an additional 204 shares during the period. Jones Financial Companies Lllp boosted its holdings in RB Global by 857.9% during the first quarter. Jones Financial Companies Lllp now owns 3,736 shares of the business services provider’s stock worth $375,000 after buying an additional 3,346 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of RB Global by 35.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 338,385 shares of the business services provider’s stock worth $33,940,000 after buying an additional 88,813 shares during the period. Finally, Woodline Partners LP bought a new stake in shares of RB Global in the 1st quarter valued at about $4,103,000. 95.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on RBA shares. Weiss Ratings downgraded shares of RB Global from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. National Bank Financial boosted their price objective on shares of RB Global from $132.00 to $133.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Barclays lowered their target price on shares of RB Global from $124.00 to $121.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Raymond James Financial raised shares of RB Global from an “outperform” rating to a “strong-buy” rating and set a $145.00 price target on the stock in a research report on Tuesday, June 30th. Finally, Zacks Research lowered shares of RB Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $128.00.

Read Our Latest Analysis on RB Global

RB Global Price Performance

NYSE RBA opened at $86.97 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. The stock has a market cap of $16.10 billion, a price-to-earnings ratio of 37.33, a PEG ratio of 1.49 and a beta of 0.56. The business has a 50 day simple moving average of $105.76 and a 200 day simple moving average of $104.24. RB Global, Inc. has a 52-week low of $82.03 and a 52-week high of $119.58.

RB Global (NYSE:RBAGet Free Report) (TSE:RBA) last announced its quarterly earnings results 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. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.21 billion. RB Global had a net margin of 9.99% and a return on equity of 12.37%. Analysts anticipate that RB Global, Inc. will post 4.06 earnings per share for the current fiscal year.

RB Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Tuesday, August 25th will be issued a dividend of $0.33 per share. The ex-dividend date 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 53.22%.

RB Global Profile

(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

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

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