WINTON GROUP Ltd Increases Position in RB Global, Inc. $RBA

WINTON GROUP Ltd boosted its position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 377.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 19,800 shares of the business services provider’s stock after acquiring an additional 15,657 shares during the period. WINTON GROUP Ltd’s holdings in RB Global were worth $2,306,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RBA. Addison Advisors LLC purchased a new position in shares of RB Global during the 2nd quarter worth $26,000. MV Capital Management Inc. acquired a new stake in shares of RB Global during the fourth quarter worth $29,000. J.Safra Asset Management Corp purchased a new stake in shares of RB Global in the second quarter valued at $32,000. Bayban purchased a new stake in shares of RB Global in the fourth quarter valued at $34,000. Finally, Integrated Wealth Concepts LLC acquired a new position in RB Global in the second quarter valued at $35,000. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Raymond James Financial upgraded 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. National Bank Financial upped their price objective on shares of RB Global from $132.00 to $133.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Barclays cut their price objective on shares of RB Global from $124.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Wall Street Zen downgraded shares of RB Global from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Finally, Zacks Research lowered shares of RB Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. One investment 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 company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $128.00.

RB Global Price Performance

RBA stock opened at $83.58 on Friday. The company has a market cap of $15.48 billion, a PE ratio of 35.87, a price-to-earnings-growth ratio of 1.38 and a beta of 0.52. The company has a current ratio of 1.31, a quick ratio of 1.22 and a debt-to-equity ratio of 0.51. The stock has a 50-day moving average price of $97.27 and a two-hundred day moving average price of $101.46. RB Global, Inc. has a 12-month low of $79.75 and a 12-month high of $119.58.

RB Global (NYSE:RBA) (TSE:RBA) last released its quarterly earnings data on Tuesday, August 4th. The business services provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.04. The business had revenue of $1.66 billion for 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, research analysts predict that RB Global, Inc. will post 4.06 EPS for the current year.

RB Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Tuesday, August 25th will be given a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, August 25th. This is an increase from RB Global’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 1.6%. RB Global’s dividend payout ratio (DPR) is currently 56.65%.

Insiders Place Their Bets

In related news, Director Deborah Stein purchased 500 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was purchased at an average cost of $80.91 per share, for a total transaction of $40,455.00. Following the acquisition, the director owned 2,325 shares in the company, valued at approximately $188,115.75. This trade represents a 27.40% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Chloe Harford acquired 1,200 shares of RB Global stock in a transaction on Monday, August 24th. The shares were bought at an average price of $83.74 per share, for a total transaction of $100,488.00. Following the purchase, the director owned 1,200 shares of the company’s stock, valued at $100,488. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.57% of the company’s stock.

RB Global Company Profile

RB Global, Inc (NYSE: RBA) operates a global marketplace for the sale and management of used equipment, vehicles and other commercial assets. The company serves construction, transportation, agriculture, energy, government and other industrial sectors, helping businesses buy, sell, manage and value assets through digital and physical channels.

Its services include unreserved live and online auctions, timed auctions, private sales, equipment listings, inspections, valuations, financing and asset-management solutions.