XTX Topco Ltd Makes New $236,000 Investment in RB Global, Inc. (NYSE:RBA)

XTX Topco Ltd purchased a new position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,350 shares of the business services provider's stock, valued at approximately $236,000.

Other large investors also recently bought and sold shares of the company. CoreCap Advisors LLC boosted its holdings in RB Global by 74.5% in the 4th quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider's stock valued at $25,000 after purchasing an additional 117 shares during the last quarter. MV Capital Management Inc. raised its position in 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 valued at $28,000 after purchasing an additional 278 shares during the period. IFP Advisors Inc grew its holdings in shares of RB Global by 348.8% during the 1st quarter. IFP Advisors Inc now owns 359 shares of the business services provider's stock worth $36,000 after purchasing an additional 279 shares during the period. Nisa Investment Advisors LLC lifted its position in RB Global by 10.9% in the first quarter. Nisa Investment Advisors LLC now owns 1,060 shares of the business services provider's stock valued at $106,000 after buying an additional 104 shares during the last quarter. Finally, Allworth Financial LP raised its stake in shares of RB Global by 1,870.9% in the 1st quarter. Allworth Financial LP now owns 1,084 shares of the business services provider's stock valued at $107,000 after acquiring an additional 1,029 shares during the period. Hedge funds and other institutional investors own 95.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada increased their price objective on shares of RB Global from $125.00 to $132.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. National Bankshares upped their price target on RB Global from $112.00 to $113.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 7th. Wall Street Zen raised RB Global from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Raymond James Financial increased their target price on RB Global from $125.00 to $135.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Finally, National Bank Financial downgraded RB Global from a "strong-buy" rating to a "hold" rating in a research report on Sunday, May 25th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $119.79.

RB Global Price Performance

NYSE RBA traded down $2.30 during trading hours on Friday, reaching $115.13. The company's stock had a trading volume of 1,221,840 shares, compared to its average volume of 1,055,790. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.22 and a current ratio of 1.28. The company's 50-day moving average is $108.31 and its two-hundred day moving average is $102.60. RB Global, Inc. has a fifty-two week low of $78.08 and a fifty-two week high of $118.23. The stock has a market cap of $21.36 billion, a PE ratio of 57.00, a PEG ratio of 2.66 and a beta of 0.75.

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

RB Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th will be given a $0.31 dividend. This is an increase from RB Global's previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, August 28th. RB Global's dividend payout ratio (DPR) is currently 57.43%.

Insider Activity

In other RB Global news, CEO James Francis Kessler sold 45,658 shares of the firm's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $110.00, for a total transaction of $5,022,380.00. Following the sale, the chief executive officer directly owned 107,569 shares of the company's stock, valued at $11,832,590. This trade represents a 29.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Darren Jeffrey Watt sold 7,400 shares of the business's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $110.00, for a total transaction of $814,000.00. Following the completion of the transaction, the insider directly owned 24,874 shares of the company's stock, valued at approximately $2,736,140. This represents a 22.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,558 shares of company stock worth $6,314,145 over the last three months. 4.32% of the stock is currently owned by corporate insiders.

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.