Vanguard Personalized Indexing Management LLC Has $2.31 Million Stock Holdings in RB Global, Inc. $RBA

Key Points

• Vanguard Personalized Indexing Management LLC has increased its holdings in RB Global, Inc. by 16.3%, owning 21,739 shares worth approximately $2.31 million as of the end of the second quarter.
• RB Global announced a quarterly dividend of $0.31 per share, an increase from its previous dividend of $0.29, with a dividend yield of 1.2%.
• The stock has a market capitalization of $19.53 billion, currently trading at around $105.20, with research analysts giving it a consensus rating of "Moderate Buy" and a target price of $124.00.

Vanguard Personalized Indexing Management LLC increased its position in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 16.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,739 shares of the business services provider's stock after purchasing an additional 3,042 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in RB Global were worth $2,308,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SouthState Corp bought a new stake in RB Global during the first quarter worth about $26,000. SVB Wealth LLC bought a new stake in RB Global during the 1st quarter worth approximately $28,000. IFP Advisors Inc increased its holdings in RB Global by 348.8% during the 1st quarter. IFP Advisors Inc now owns 359 shares of the business services provider's stock valued at $36,000 after purchasing an additional 279 shares in the last quarter. Rise Advisors LLC bought a new position in RB Global in the 1st quarter valued at $38,000. Finally, Geneos Wealth Management Inc. boosted its stake in RB Global by 21.9% in the first quarter. Geneos Wealth Management Inc. now owns 540 shares of the business services provider's stock worth $54,000 after purchasing an additional 97 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at RB Global

In related news, insider Michael Thomas Steven Lewis sold 2,151 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $118.15, for a total value of $254,140.65. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 4.32% of the stock is currently owned by company insiders.

RB Global Stock Performance

Shares of RB Global stock opened at $105.20 on Thursday. The firm has a fifty day moving average of $112.99 and a two-hundred day moving average of $107.01. The stock has a market capitalization of $19.53 billion, a price-to-earnings ratio of 52.08, a PEG ratio of 2.46 and a beta of 0.65. RB Global, Inc. has a 52 week low of $78.55 and a 52 week high of $119.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.22 and a current ratio of 1.28.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last posted its quarterly earnings results on Wednesday, August 6th. The business services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.12. RB Global had a return on equity of 9.42% and a net margin of 9.46%.The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company earned $0.94 EPS. The firm's revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts predict that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, August 28th. This is an increase from RB Global's previous quarterly dividend of $0.29. RB Global's dividend payout ratio is presently 61.39%.

Analyst Upgrades and Downgrades

RBA has been the subject of a number of research reports. Royal Bank Of Canada raised their target price on RB Global from $125.00 to $132.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. CIBC boosted their target price on shares of RB Global from $118.00 to $121.00 and gave the stock an "outperformer" rating in a research note on Friday, July 18th. Wall Street Zen lowered shares of RB Global from a "buy" rating to a "hold" rating in a research report on Saturday, October 11th. Weiss Ratings raised shares of RB Global from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, October 8th. Finally, BMO Capital Markets upped their price objective on RB Global from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, RB Global currently has an average rating of "Moderate Buy" and a consensus price target of $124.00.

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.

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