RB Global, Inc. (NYSE:RBA) is Vontobel Holding Ltd.'s 7th Largest Position

Vontobel Holding Ltd. decreased its holdings in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 14.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,236,451 shares of the business services provider's stock after selling 1,214,695 shares during the period. RB Global makes up about 2.6% of Vontobel Holding Ltd.'s holdings, making the stock its 7th biggest position. Vontobel Holding Ltd. owned approximately 3.91% of RB Global worth $725,816,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RBA. CoreCap Advisors LLC raised its stake in RB Global by 74.5% during the fourth quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider's stock valued at $25,000 after buying an additional 117 shares in the last quarter. MV Capital Management Inc. boosted its holdings in shares of RB Global by 5,560.0% in the first quarter. MV Capital Management Inc. now owns 283 shares of the business services provider's stock worth $28,000 after buying an additional 278 shares during the period. Jones Financial Companies Lllp grew its position 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 valued at $35,000 after purchasing an additional 129 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in RB Global in the fourth quarter worth approximately $36,000. Finally, SRS Capital Advisors Inc. boosted its position 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 period. 95.37% of the stock is currently owned by institutional investors and hedge funds.

RB Global Price Performance

NYSE:RBA traded up $0.31 during trading hours on Friday, hitting $105.73. The stock had a trading volume of 673,403 shares, compared to its average volume of 956,141. The firm has a market capitalization of $19.58 billion, a price-to-earnings ratio of 52.08, a P/E/G ratio of 3.75 and a beta of 0.77. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.31 and a quick ratio of 1.21. The company has a 50 day simple moving average of $104.97 and a two-hundred day simple moving average of $98.35. RB Global, Inc. has a one year low of $70.38 and a one year high of $109.25.

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

RB Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Thursday, May 29th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Thursday, May 29th. RB Global's dividend payout ratio (DPR) is 57.14%.

Insider Transactions at RB Global

In other RB Global news, insider Andrew John Fesler sold 9,075 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $104.72, for a total transaction of $950,334.00. Following the transaction, the insider directly owned 5,532 shares in the company, valued at $579,311.04. This trade represents a 62.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO James J. Jeter sold 3,500 shares of RB Global stock in a transaction on Monday, May 12th. The stock was sold at an average price of $104.38, for a total transaction of $365,330.00. Following the completion of the transaction, the executive directly owned 16,167 shares in the company, valued at $1,687,511.46. This represents a 17.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,075 shares of company stock valued at $2,007,349 in the last ninety days. Corporate insiders own 4.32% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on RBA shares. Royal Bank Of Canada set a $125.00 target price on RB Global and gave the stock an "outperform" rating in a research report on Wednesday. National Bank Financial downgraded shares of RB Global from a "strong-buy" rating to a "hold" rating in a research note on Sunday, May 25th. Wall Street Zen upgraded RB Global from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. CIBC boosted their target price on shares of RB Global from $116.00 to $118.00 and gave the stock an "outperformer" rating in a report on Friday, May 9th. Finally, Raymond James Financial lifted their target price on shares of RB Global from $118.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $115.79.

RB Global Profile

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.