Toronto Dominion Bank Has $10.31 Million Stock Holdings in RB Global, Inc. (NYSE:RBA)

Toronto Dominion Bank lessened its holdings in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 29.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,305 shares of the business services provider's stock after selling 47,710 shares during the quarter. Toronto Dominion Bank owned 0.06% of RB Global worth $10,307,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its position in RB Global by 4.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 27,895 shares of the business services provider's stock worth $2,516,000 after buying an additional 1,266 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of RB Global by 2.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 9,049 shares of the business services provider's stock valued at $816,000 after buying an additional 225 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of RB Global during the fourth quarter worth approximately $40,000. Blue Trust Inc. raised its stake in RB Global by 23.7% during the 4th quarter. Blue Trust Inc. now owns 1,829 shares of the business services provider's stock valued at $165,000 after acquiring an additional 351 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in RB Global by 52.6% during the 4th quarter. Pacer Advisors Inc. now owns 41,359 shares of the business services provider's stock worth $3,731,000 after acquiring an additional 14,253 shares during the period. 95.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CRO James J. Jeter sold 7,597 shares of RB Global stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $97.85, for a total transaction of $743,366.45. Following the completion of the sale, the executive now directly owns 20,267 shares of the company's stock, valued at approximately $1,983,125.95. This trade represents a 27.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO James Francis Kessler sold 15,700 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $97.81, for a total value of $1,535,617.00. Following the completion of the transaction, the chief executive officer now directly owns 107,569 shares in the company, valued at approximately $10,521,323.89. This represents a 12.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,472 shares of company stock valued at $3,867,745. 4.32% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on RBA shares. CIBC increased their price objective on shares of RB Global from $116.00 to $118.00 and gave the company an "outperformer" rating in a report on Friday, May 9th. National Bankshares decreased their target price 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. Wall Street Zen lowered RB Global from a "buy" rating to a "hold" rating in a research report on Friday. Robert W. Baird upped their price target on shares of RB Global from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Finally, National Bank Financial lowered shares of RB Global from a "strong-buy" rating to a "hold" rating in a research note on Sunday, May 25th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, RB Global presently has a consensus rating of "Moderate Buy" and an average target price of $114.50.

RB Global Price Performance

Shares of RBA traded up $1.43 during mid-day trading on Friday, hitting $105.31. 1,293,776 shares of the company traded hands, compared to its average volume of 1,134,677. The stock has a market capitalization of $19.50 billion, a price-to-earnings ratio of 52.39, a PEG ratio of 4.95 and a beta of 0.78. RB Global, Inc. has a one year low of $70.27 and a one year high of $109.25. 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 business has a 50-day moving average of $100.68 and a 200 day moving average of $96.75.

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

RB Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be given 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 of this dividend is Thursday, May 29th. RB Global's dividend payout ratio is currently 57.14%.

RB Global Company 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.