Wilmington Savings Fund Society FSB Makes New Investment in RB Global, Inc. (NYSE:RBA)

Wilmington Savings Fund Society FSB bought a new position in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,777 shares of the business services provider's stock, valued at approximately $465,000.

Several other institutional investors have also recently made changes to their positions in the company. Arlington Partners LLC lifted its position in RB Global by 22.3% during the 3rd quarter. Arlington Partners LLC now owns 49,180 shares of the business services provider's stock valued at $3,958,000 after acquiring an additional 8,961 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of RB Global by 57.1% during the third quarter. CIBC Asset Management Inc now owns 984,364 shares of the business services provider's stock valued at $80,076,000 after purchasing an additional 357,761 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of RB Global by 53.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 59,695 shares of the business services provider's stock worth $4,805,000 after purchasing an additional 20,795 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of RB Global by 132.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 28,300 shares of the business services provider's stock worth $2,158,000 after buying an additional 16,100 shares during the last quarter. Finally, Forsta AP Fonden increased its position in RB Global by 16.1% during the 3rd quarter. Forsta AP Fonden now owns 43,300 shares of the business services provider's stock valued at $3,489,000 after buying an additional 6,000 shares in the last quarter. Institutional investors own 95.37% of the company's stock.

RB Global Stock Performance

RB Global stock traded down $1.39 during midday trading on Tuesday, reaching $93.62. 934,742 shares of the company traded hands, compared to its average volume of 999,444. RB Global, Inc. has a 12 month low of $60.84 and a 12 month high of $99.79. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.28 and a quick ratio of 1.17. The business has a 50 day moving average of $90.25 and a two-hundred day moving average of $83.73. The firm has a market capitalization of $17.26 billion, a price-to-earnings ratio of 50.88, a price-to-earnings-growth ratio of 4.56 and a beta of 0.95.

RB Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.24%. RB Global's dividend payout ratio (DPR) is currently 63.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Bank of America increased their target price on RB Global from $79.00 to $92.50 and gave the stock a "neutral" rating in a research note on Monday, August 26th. Royal Bank of Canada raised their price objective on shares of RB Global from $99.00 to $107.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. CIBC upped their target price on shares of RB Global from $102.00 to $109.00 and gave the stock an "outperformer" rating in a research note on Thursday, December 12th. Robert W. Baird increased their price target on shares of RB Global from $86.00 to $100.00 and gave the company an "outperform" rating in a report on Monday, November 11th. Finally, BMO Capital Markets boosted their price objective on shares of RB Global from $105.00 to $107.00 and gave the stock an "outperform" rating in a report on Monday, November 11th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, RB Global presently has a consensus rating of "Moderate Buy" and an average price target of $100.36.

Insider Buying and Selling

In other RB Global news, CEO James Francis Kessler sold 17,883 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $84.19, for a total transaction of $1,505,569.77. Following the completion of the sale, the chief executive officer now directly owns 86,247 shares of the company's stock, valued at approximately $7,261,134.93. This represents a 17.17 % 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. 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.