Deutsche Bank AG Increases Stock Position in RB Global, Inc. (NYSE:RBA)

Deutsche Bank AG lifted its stake in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 246,057 shares of the business services provider's stock after buying an additional 10,393 shares during the period. Deutsche Bank AG owned approximately 0.13% of RB Global worth $22,197,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. CoreCap Advisors LLC lifted its position in shares of RB Global by 74.5% during the 4th quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider's stock valued at $25,000 after acquiring an additional 117 shares during the period. Jones Financial Companies Lllp grew its stake in RB Global by 49.4% during the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock worth $35,000 after buying an additional 129 shares in the last quarter. Whipplewood Advisors LLC bought a new position in RB Global in the 4th quarter valued at about $37,000. Geneos Wealth Management Inc. acquired a new position in shares of RB Global in the 4th quarter valued at approximately $40,000. Finally, SRS Capital Advisors Inc. lifted its stake in RB Global by 163.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 645 shares of the business services provider's stock worth $58,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 95.37% of the company's stock.

Insider Buying and Selling at RB Global

In other RB Global news, CRO James J. Jeter sold 600 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $98.63, for a total transaction of $59,178.00. Following the completion of the transaction, the executive now directly owns 19,667 shares of the company's stock, valued at approximately $1,939,756.21. This represents a 2.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James Francis Kessler sold 15,700 shares of RB Global stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $97.81, for a total transaction of $1,535,617.00. Following the completion of the transaction, the chief executive officer now owns 107,569 shares of the company's stock, valued at $10,521,323.89. The trade was a 12.74% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,472 shares of company stock worth $3,867,745. Corporate insiders own 4.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on RBA shares. BMO Capital Markets raised their price target on shares of RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Robert W. Baird boosted their price objective on RB Global from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. National Bankshares dropped their price objective on shares of RB Global from $118.00 to $115.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Raymond James upped their price target on shares of RB Global from $118.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Finally, StockNews.com raised RB Global from a "hold" rating to a "buy" rating in a report on Tuesday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, RB Global currently has a consensus rating of "Moderate Buy" and an average target price of $114.50.

RB Global Trading Down 0.3%

RBA stock traded down $0.28 during mid-day trading on Tuesday, reaching $108.34. The company's stock had a trading volume of 116,098 shares, compared to its average volume of 1,108,330. The business's 50 day moving average price is $99.16 and its 200 day moving average price is $95.80. RB Global, Inc. has a 12 month low of $70.27 and a 12 month high of $108.87. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The company has a market cap of $20.06 billion, a price-to-earnings ratio of 53.89, a price-to-earnings-growth ratio of 4.95 and a beta of 0.78.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last released its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.89 earnings per share for the quarter, meeting analysts' consensus estimates of $0.89. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. RB Global had a net margin of 9.64% and a return on equity of 8.00%. The business's quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm earned $0.90 earnings per share. On average, equities research analysts predict that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be issued a dividend of $0.29 per share. The ex-dividend date is Thursday, May 29th. This represents a $1.16 annualized dividend and a yield of 1.07%. RB Global's dividend payout ratio (DPR) is currently 57.14%.

About RB Global

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.