RB Global (NYSE:RBA) Upgraded at StockNews.com

StockNews.com upgraded shares of RB Global (NYSE:RBA) (TSE:RBA) from a hold rating to a buy rating in a report released on Tuesday morning.

Several other equities analysts also recently commented on RBA. CIBC upped their target price on RB Global from $102.00 to $109.00 and gave the company an “outperformer” rating in a research report on Thursday, December 12th. Royal Bank of Canada upped their price objective on RB Global from $99.00 to $107.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Robert W. Baird increased their price objective on RB Global from $86.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Finally, BMO Capital Markets boosted 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. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $100.36.

RB Global Stock Performance

NYSE RBA opened at $90.31 on Tuesday. RB Global has a 52-week low of $60.84 and a 52-week high of $99.79. The stock has a market cap of $16.68 billion, a PE ratio of 49.08, a P/E/G ratio of 4.56 and a beta of 0.96. The firm has a 50-day moving average of $92.94 and a 200-day moving average of $85.34. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.17 and a current ratio of 1.28.

RB Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Wednesday, November 27th. RB Global’s dividend payout ratio (DPR) is presently 63.04%.

Institutional Investors Weigh In On RB Global

Large investors have recently bought and sold shares of the company. Weil Company Inc. raised its position in RB Global by 1.2% during the third quarter. Weil Company Inc. now owns 11,330 shares of the business services provider’s stock valued at $912,000 after purchasing an additional 132 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of RB Global by 11.9% during the 3rd quarter. Blue Trust Inc. now owns 1,478 shares of the business services provider’s stock worth $113,000 after buying an additional 157 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of RB Global by 136.4% during the 4th quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock worth $28,000 after buying an additional 176 shares during the last quarter. CWM LLC boosted its stake in RB Global by 6.3% in the third quarter. CWM LLC now owns 3,956 shares of the business services provider’s stock valued at $318,000 after buying an additional 235 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in RB Global by 30.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,020 shares of the business services provider’s stock valued at $78,000 after acquiring an additional 241 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

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.