Stifel Financial Corp Sells 8,270 Shares of RB Global, Inc. (NYSE:RBA)

Stifel Financial Corp lessened its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 9.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 75,810 shares of the business services provider’s stock after selling 8,270 shares during the period. Stifel Financial Corp’s holdings in RB Global were worth $6,102,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RBA. UMB Bank n.a. grew its holdings in 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 during the last quarter. Quarry LP acquired a new position in RB Global during the second quarter valued at approximately $53,000. Nisa Investment Advisors LLC grew its holdings in RB Global by 33.5% during the second quarter. Nisa Investment Advisors LLC now owns 836 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 210 shares during the last quarter. Covestor Ltd grew its holdings in RB Global by 533.1% during the third quarter. Covestor Ltd now owns 804 shares of the business services provider’s stock valued at $65,000 after purchasing an additional 677 shares during the last quarter. Finally, Hollencrest Capital Management grew its holdings in RB Global by 99.8% during the third quarter. Hollencrest Capital Management now owns 875 shares of the business services provider’s stock valued at $70,000 after purchasing an additional 437 shares during the last quarter. Institutional investors own 95.37% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Royal Bank of Canada increased their price target 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 target on RB Global from $86.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Bank of America raised their price objective on shares of RB Global from $79.00 to $92.50 and gave the stock a “neutral” rating in a research note on Monday, August 26th. BMO Capital Markets raised their price objective on shares of RB Global from $105.00 to $107.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Finally, CIBC raised their price objective on shares of RB Global from $102.00 to $109.00 and gave the stock an “outperformer” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $100.36.

Insiders Place Their Bets

In other RB Global news, CEO James Francis Kessler sold 17,883 shares of RB Global stock in a transaction 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 sale, the chief executive officer now owns 86,247 shares in the company, valued at $7,261,134.93. The trade was a 17.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.32% of the company’s stock.

RB Global Trading Down 0.8 %

Shares of RB Global stock opened at $94.87 on Friday. RB Global, Inc. has a 1 year low of $60.84 and a 1 year high of $99.79. The company has a current ratio of 1.28, a quick ratio of 1.17 and a debt-to-equity ratio of 0.52. The company’s fifty day simple moving average is $89.95 and its 200-day simple moving average is $83.45. 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.

RB Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.16 dividend on an annualized basis and a yield of 1.22%. RB Global’s dividend payout ratio is currently 63.04%.

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.