Nomura Holdings Inc. Makes New Investment in RB Global, Inc. (NYSE:RBA)

Nomura Holdings Inc. purchased a new stake in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 24,470 shares of the business services provider's stock, valued at approximately $2,207,000.

Other large investors have also recently modified their holdings of the company. CoreCap Advisors LLC grew its holdings in shares of 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 during the last quarter. Jones Financial Companies Lllp raised its stake in shares of RB Global by 49.4% in the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock valued at $35,000 after buying an additional 129 shares during the period. Whipplewood Advisors LLC purchased a new position in shares of RB Global during the 4th quarter valued at $37,000. Geneos Wealth Management Inc. purchased a new position in RB Global during the fourth quarter valued at approximately $40,000. Finally, SRS Capital Advisors Inc. increased its stake in RB Global by 163.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 645 shares of the business services provider's stock worth $58,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 95.37% of the company's stock.

Insiders Place Their Bets

In other RB Global news, CRO James J. Jeter sold 7,597 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $97.85, for a total transaction of $743,366.45. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through this link. Also, CEO James Francis Kessler sold 15,700 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $97.81, for a total transaction of $1,535,617.00. Following the transaction, the chief executive officer now directly owns 107,569 shares of the company's stock, valued at $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. Insiders have sold a total of 38,472 shares of company stock worth $3,867,745 in the last three months. Corporate insiders own 4.32% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on RBA. StockNews.com raised shares of RB Global from a "hold" rating to a "buy" rating in a report on Tuesday. Raymond James upped their price objective on shares of RB Global from $118.00 to $125.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. National Bankshares cut their price objective on shares of RB Global from $118.00 to $115.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. BMO Capital Markets increased their price target on shares of RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Finally, CIBC increased their price target on shares of RB Global from $116.00 to $118.00 and gave the company an "outperformer" rating in a research report on Friday, May 9th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, RB Global has a consensus rating of "Moderate Buy" and a consensus target price of $114.50.

RB Global Stock Up 0.3%

NYSE:RBA traded up $0.37 on Tuesday, reaching $108.99. 1,081,584 shares of the stock traded hands, compared to its average volume of 1,114,516. The company has a market capitalization of $20.18 billion, a price-to-earnings ratio of 54.22, a PEG ratio of 4.95 and a beta of 0.78. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. RB Global, Inc. has a 12 month low of $70.27 and a 12 month high of $109.09. The company's fifty day simple moving average is $99.16 and its 200 day simple moving average is $95.80.

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

RB Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, May 29th. RB Global's payout ratio is 57.14%.

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.