3,244 Shares in RB Global, Inc. (NYSE:RBA) Bought by Cordatus Wealth Management LLC

Key Points

• Cordatus Wealth Management LLC has made a new investment of approximately $325,000 in RB Global, acquiring 3,244 shares of the company in the first quarter.
• Shares of RB Global opened at $108.60, with a market capitalization of $20.15 billion and a price-to-earnings ratio of 53.50.
• RB Global recently announced a quarterly dividend of $0.29 per share, representing an annualized dividend of $1.16 and a yield of 1.07%.

Cordatus Wealth Management LLC acquired a new position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,244 shares of the business services provider's stock, valued at approximately $325,000.

A number of other large investors have also recently modified their holdings of RBA. Natixis Advisors LLC boosted its position in RB Global by 56.6% during the 1st quarter. Natixis Advisors LLC now owns 29,569 shares of the business services provider's stock valued at $2,966,000 after acquiring an additional 10,692 shares in the last quarter. XTX Topco Ltd purchased a new position in RB Global during the first quarter valued at $236,000. Federated Hermes Inc. boosted its holdings in shares of RB Global by 4.4% during the 1st quarter. Federated Hermes Inc. now owns 19,100 shares of the business services provider's stock valued at $1,916,000 after buying an additional 802 shares in the last quarter. Mawer Investment Management Ltd. boosted its holdings in shares of RB Global by 12.2% during the 1st quarter. Mawer Investment Management Ltd. now owns 135,232 shares of the business services provider's stock valued at $13,564,000 after buying an additional 14,668 shares in the last quarter. Finally, Fiera Capital Corp grew its position in shares of RB Global by 17.3% in the 1st quarter. Fiera Capital Corp now owns 3,773,914 shares of the business services provider's stock worth $379,150,000 after buying an additional 557,407 shares during the period. Institutional investors own 95.37% of the company's stock.

Insider Buying and Selling at RB Global

In related news, insider Andrew John Fesler sold 9,075 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $104.72, for a total value of $950,334.00. Following the transaction, the insider owned 5,532 shares of the company's stock, valued at approximately $579,311.04. This trade represents a 62.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Adam Dewitt sold 800 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $106.17, for a total transaction of $84,936.00. Following the completion of the transaction, the director owned 5,865 shares in the company, valued at $622,687.05. The trade was a 12.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,133 shares of company stock worth $7,843,729. 0.28% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on RBA shares. Raymond James Financial boosted their price objective on shares of RB Global from $118.00 to $125.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. National Bankshares dropped their price target on RB Global from $118.00 to $115.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Royal Bank Of Canada set a $125.00 price target on RB Global and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. CIBC lifted their price objective on RB Global from $118.00 to $121.00 and gave the company an "outperformer" rating in a research note on Friday, July 18th. Finally, National Bank Financial cut RB Global from a "strong-buy" rating to a "hold" rating in a research note on Sunday, May 25th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.21.

RB Global Stock Up 0.9%

RBA traded up $1.02 during trading on Monday, hitting $109.28. 199,055 shares of the company's stock traded hands, compared to its average volume of 1,068,470. RB Global, Inc. has a 12-month low of $70.38 and a 12-month high of $111.71. The company's 50 day simple moving average is $106.58 and its two-hundred day simple moving average is $101.03. The company has a current ratio of 1.31, a quick ratio of 1.21 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $20.27 billion, a price-to-earnings ratio of 53.86, a PEG ratio of 2.50 and a beta of 0.75.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last posted its earnings results on Wednesday, May 7th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.89. RB Global had a net margin of 9.68% and a return on equity of 8.03%. The business had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the prior year, the business earned $0.90 EPS. The business's revenue for the quarter was up 4.1% compared to the same quarter last year. Analysts predict that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Thursday, May 29th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, May 29th. RB Global's payout ratio 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.