RB Global, Inc. (NYSE:RBA) Receives Average Rating of “Moderate Buy” from Analysts

Shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) have received a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $100.21.

Several equities analysts recently weighed in on RBA shares. CIBC decreased their target price on shares of RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a research note on Monday. BMO Capital Markets lifted their price objective 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. Royal Bank of Canada upped their target price on shares of 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 lifted their price target on RB Global from $86.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Finally, StockNews.com upgraded RB Global from a “hold” rating to a “buy” rating in a research note on Monday, January 27th.

Hedge Funds Weigh In On RB Global

A number of large investors have recently made changes to their positions in the company. SRS Capital Advisors Inc. grew its holdings in RB Global by 163.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 645 shares of the business services provider’s stock valued at $58,000 after buying an additional 400 shares in the last quarter. Peloton Wealth Strategists acquired a new position in shares of RB Global in the fourth quarter valued at about $257,000. QRG Capital Management Inc. increased its position in RB Global by 36.2% during the fourth quarter. QRG Capital Management Inc. now owns 3,456 shares of the business services provider’s stock worth $312,000 after acquiring an additional 918 shares during the period. Proficio Capital Partners LLC acquired a new stake in RB Global in the 4th quarter worth about $36,000. Finally, Oppenheimer Asset Management Inc. raised its stake in RB Global by 10.8% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 234,575 shares of the business services provider’s stock worth $21,161,000 after purchasing an additional 22,956 shares in the last quarter. Institutional investors own 95.37% of the company’s stock.

RB Global Trading Up 0.7 %

RB Global stock opened at $89.15 on Thursday. 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 firm has a 50-day moving average of $91.97 and a 200-day moving average of $86.97. The company has a market cap of $16.47 billion, a price-to-earnings ratio of 48.45, a P/E/G ratio of 3.73 and a beta of 0.96. RB Global has a one year low of $64.04 and a one year high of $99.79.

RB Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Friday, February 14th. RB Global’s dividend payout ratio is presently 63.04%.

RB Global Company 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.