Toronto Dominion Bank Grows Position in RB Global, Inc. (NYSE:RBA)

Toronto Dominion Bank boosted its stake in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 41.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 162,015 shares of the business services provider’s stock after acquiring an additional 47,245 shares during the period. Toronto Dominion Bank owned 0.09% of RB Global worth $13,041,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. UMB Bank n.a. grew its position in shares of RB Global by 196.0% during the third quarter. UMB Bank n.a. now owns 586 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 388 shares in the last quarter. Quarry LP purchased a new position in RB Global during the 2nd quarter valued at approximately $53,000. Nisa Investment Advisors LLC increased its stake in RB Global by 33.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 836 shares of the business services provider’s stock worth $64,000 after acquiring an additional 210 shares during the last quarter. Covestor Ltd raised its holdings in shares of RB Global by 533.1% during the 3rd quarter. Covestor Ltd now owns 804 shares of the business services provider’s stock worth $65,000 after acquiring an additional 677 shares in the last quarter. Finally, Hollencrest Capital Management boosted its position in shares of RB Global by 99.8% during the 3rd quarter. Hollencrest Capital Management now owns 875 shares of the business services provider’s stock valued at $70,000 after acquiring an additional 437 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors.

RB Global Trading Down 0.8 %

Shares of NYSE RBA opened at $94.87 on Friday. RB Global, Inc. has a fifty-two week low of $60.84 and a fifty-two week high of $99.79. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.17 and a current ratio of 1.28. The company has a market cap of $17.49 billion, a price-to-earnings ratio of 51.56, a PEG ratio of 4.61 and a beta of 0.95. The business’s 50 day moving average price is $89.95 and its 200-day moving average price is $83.45.

RB Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.29 per share. The ex-dividend date is Wednesday, November 27th. This represents a $1.16 annualized dividend and a dividend yield of 1.22%. RB Global’s dividend payout ratio (DPR) is 63.04%.

Insiders Place Their Bets

In other news, CEO James Francis Kessler sold 17,883 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $84.19, for a total value of $1,505,569.77. Following the sale, the chief executive officer now directly owns 86,247 shares in the company, valued at approximately $7,261,134.93. This trade represents a 17.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on RBA. CIBC upped their price target on shares of RB Global from $102.00 to $109.00 and gave the company an “outperformer” rating in a research note on Thursday. BMO Capital Markets upped their target price on shares of RB Global from $105.00 to $107.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Bank of America lifted their price target on RB Global from $79.00 to $92.50 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Robert W. Baird upped their price objective on RB Global from $86.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada lifted their target price on RB Global from $99.00 to $107.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $100.36.

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.