TD Asset Management Inc Has $102.90 Million Stock Holdings in RB Global, Inc. $RBA

TD Asset Management Inc lifted its position in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 1.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 949,779 shares of the business services provider’s stock after buying an additional 10,877 shares during the quarter. TD Asset Management Inc owned about 0.51% of RB Global worth $102,896,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. MJP Associates Inc. ADV increased its position in RB Global by 2.2% during the second quarter. MJP Associates Inc. ADV now owns 4,434 shares of the business services provider’s stock worth $471,000 after acquiring an additional 95 shares during the period. Geneos Wealth Management Inc. grew its position in shares of RB Global by 21.9% during the 1st 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. Archer Investment Corp increased its holdings in shares of RB Global by 6.0% during the second quarter. Archer Investment Corp now owns 1,760 shares of the business services provider’s stock worth $187,000 after purchasing an additional 100 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of RB Global by 12.9% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 938 shares of the business services provider’s stock valued at $102,000 after buying an additional 107 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of RB Global by 1.1% in the second quarter. California State Teachers Retirement System now owns 11,693 shares of the business services provider’s stock valued at $1,242,000 after buying an additional 124 shares during the period. Institutional investors own 95.37% of the company’s stock.

Insider Buying and Selling at RB Global

In other news, CEO James Francis Kessler sold 20,742 shares of the company’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $115.00, for a total transaction of $2,385,330.00. Following the completion of the transaction, the chief executive officer directly owned 107,569 shares in the company, valued at approximately $12,370,435. This represents a 16.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RBA shares. Weiss Ratings restated a “hold (c+)” rating on shares of RB Global in a research note on Thursday, January 22nd. Bank of America decreased their price target on RB Global from $120.00 to $114.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Wall Street Zen cut shares of RB Global from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. National Bank Financial upgraded shares of RB Global from a “sector perform” rating to an “outperform” rating and set a $124.00 price objective on the stock in a research note on Monday, November 24th. Finally, Raymond James Financial boosted their target price on shares of RB Global from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.29.

RB Global Price Performance

Shares of RBA stock opened at $99.06 on Thursday. The business has a fifty day simple moving average of $108.94 and a 200 day simple moving average of $107.41. The company has a market cap of $18.41 billion, a P/E ratio of 48.56, a P/E/G ratio of 1.47 and a beta of 0.54. The company has a quick ratio of 1.02, a current ratio of 1.10 and a debt-to-equity ratio of 0.41. RB Global, Inc. has a twelve month low of $87.87 and a twelve month high of $119.58.

RB Global (NYSE:RBA) (TSE:RBA) last issued its earnings results on Tuesday, February 17th. The business services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $0.99 by $0.12. RB Global had a return on equity of 11.12% and a net margin of 9.33%.The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The business’s quarterly revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts forecast that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

RB Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 9th will be given a $0.31 dividend. The ex-dividend date is Monday, February 9th. This represents a $1.24 dividend on an annualized basis and a yield of 1.3%. RB Global’s dividend payout ratio (DPR) is currently 60.78%.

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.