Voya Investment Management LLC Sells 14,921 Shares of RB Global, Inc. $RBA

Voya Investment Management LLC lowered its position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 32.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,709 shares of the business services provider’s stock after selling 14,921 shares during the period. Voya Investment Management LLC’s holdings in RB Global were worth $3,328,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of RB Global during the 2nd quarter valued at about $255,798,000. Samlyn Capital LLC bought a new position in shares of RB Global in the 1st quarter worth approximately $118,821,000. Third Point LLC purchased a new position in shares of RB Global during the 1st quarter worth $95,285,000. Alyeska Investment Group L.P. grew its holdings in RB Global by 44.4% during the first quarter. Alyeska Investment Group L.P. now owns 1,508,784 shares of the business services provider’s stock valued at $151,331,000 after purchasing an additional 463,844 shares during the period. Finally, TD Asset Management Inc grew its stake in shares of RB Global by 85.1% during the 2nd quarter. TD Asset Management Inc now owns 938,902 shares of the business services provider’s stock valued at $99,546,000 after acquiring an additional 431,649 shares during the period. Institutional investors own 95.37% of the company’s stock.

RB Global Stock Performance

NYSE:RBA opened at $105.36 on Friday. The company has a market cap of $19.58 billion, a price-to-earnings ratio of 50.41, a PEG ratio of 2.30 and a beta of 0.56. RB Global, Inc. has a 1 year low of $86.68 and a 1 year high of $119.58. The stock’s 50 day simple moving average is $100.51 and its two-hundred day simple moving average is $106.76. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.23 and a quick ratio of 1.15.

RB Global (NYSE:RBA) (TSE:RBA) last posted its earnings results on Thursday, November 6th. The business services provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.10. RB Global had a net margin of 9.65% and a return on equity of 9.66%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the firm posted $0.71 earnings per share. RB Global’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, equities analysts anticipate 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 Wednesday, December 17th. Shareholders of record on Wednesday, November 26th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, November 26th. RB Global’s dividend payout ratio (DPR) is presently 59.33%.

Insider Buying and Selling at RB Global

In other RB Global news, Director Deborah Stein bought 1,000 shares of RB Global stock in a transaction dated Thursday, November 13th. The shares were purchased at an average cost of $101.26 per share, for a total transaction of $101,260.00. Following the acquisition, the director directly owned 1,000 shares in the company, valued at approximately $101,260. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 4.32% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on RBA shares. National Bank Financial upgraded RB Global from a “sector perform” rating to an “outperform” rating and set a $124.00 price objective on the stock in a research report on Monday, November 24th. Weiss Ratings downgraded RB Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Bank of America cut their price objective on shares of RB Global from $120.00 to $114.00 and set a “buy” rating for the company in a report on Friday, November 7th. Wall Street Zen downgraded shares of RB Global from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, National Bankshares dropped their target price on shares of RB Global from $113.00 to $111.00 and set a “sector perform” rating for the company in a research report on Thursday, October 9th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $122.88.

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.