Vise Technologies Inc. Acquires Shares of 7,160 RB Global, Inc. $RBA

Vise Technologies Inc. bought a new position in RB Global, Inc. (NYSE:RBAFree Report) (TSE:RBA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,160 shares of the business services provider’s stock, valued at approximately $834,000.

Several other hedge funds and other institutional investors also recently modified their holdings of RBA. Public Employees Retirement System of Ohio raised its holdings in RB Global by 9.2% during the 1st 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 acquiring an additional 17,489 shares during the period. Bank of America Corp DE raised its stake in shares of RB Global by 7.8% during the 1st 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 purchasing an additional 104,560 shares during the period. Wilson Asset Management International PTY Ltd. raised its stake 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 purchasing an additional 10,951 shares during the period. Oppenheimer Asset Management Inc. raised its stake 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 purchasing an additional 29,530 shares during the period. Finally, Legacy Wealth Asset Management LLC lifted its holdings in 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 purchasing an additional 14,755 shares in the last quarter. Institutional investors own 95.37% of the company’s stock.

RB Global Stock Performance

NYSE:RBA opened at $86.97 on Monday. The stock has a market cap of $16.10 billion, a P/E ratio of 37.33, a PEG ratio of 1.49 and a beta of 0.56. The company has a quick ratio of 1.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.51. The business’s 50-day moving average price is $105.76 and its two-hundred day moving average price is $104.17. RB Global, Inc. has a twelve month low of $82.03 and a twelve month high of $119.58.

RB Global (NYSE:RBAGet Free Report) (TSE:RBA) last issued its quarterly earnings data 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. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.21 billion. RB Global had a return on equity of 12.37% and a net margin of 9.99%. As a group, equities analysts predict that RB Global, Inc. will post 4.06 EPS for the current fiscal year.

RB Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Tuesday, August 25th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.5%. 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. RB Global’s payout ratio is currently 53.22%.

Wall Street Analyst Weigh In

RBA has been the subject of a number of recent analyst reports. Wall Street Zen lowered RB Global from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of RB Global in a research report on Wednesday, August 5th. Barclays reduced their price objective 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 target price on the stock in a report on Tuesday, June 30th. Finally, Zacks Research cut shares of RB Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.00.

Read Our Latest Report on RBA

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.

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

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