2,488 Shares in RB Global, Inc. (NYSE:RBA) Bought by Cypress Wealth Services LLC

Cypress Wealth Services LLC bought a new stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,488 shares of the business services provider’s stock, valued at approximately $224,000.

A number of other hedge funds have also recently made changes to their positions in the company. State Street Corp raised its holdings in RB Global by 2.1% in the 3rd quarter. State Street Corp now owns 5,045,188 shares of the business services provider’s stock valued at $406,087,000 after buying an additional 103,080 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of RB Global by 3.0% during the third quarter. Geode Capital Management LLC now owns 3,702,381 shares of the business services provider’s stock valued at $297,400,000 after acquiring an additional 108,188 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of RB Global by 0.7% during the third quarter. Janus Henderson Group PLC now owns 3,383,191 shares of the business services provider’s stock worth $272,293,000 after purchasing an additional 24,101 shares during the period. Fiera Capital Corp grew its stake in shares of RB Global by 5.7% in the second quarter. Fiera Capital Corp now owns 3,143,924 shares of the business services provider’s stock worth $239,881,000 after purchasing an additional 168,945 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in RB Global by 17.1% in the third quarter. The Manufacturers Life Insurance Company now owns 2,435,191 shares of the business services provider’s stock valued at $196,109,000 after purchasing an additional 354,803 shares during the period. 95.37% of the stock is owned by institutional investors and hedge funds.

RB Global Price Performance

RB Global stock opened at $89.24 on Friday. The stock has a market capitalization of $16.49 billion, a price-to-earnings ratio of 48.50, a PEG ratio of 3.34 and a beta of 0.96. RB Global, Inc. has a 52-week low of $60.84 and a 52-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 stock’s 50 day moving average price is $93.22 and its two-hundred day moving average price is $85.89.

RB Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Wednesday, November 27th. RB Global’s payout ratio is 63.04%.

Analyst Ratings Changes

Several brokerages have commented on RBA. BMO Capital Markets lifted their target price on RB Global from $105.00 to $107.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. StockNews.com lowered RB Global from a “buy” rating to a “hold” rating in a research note on Wednesday. Royal Bank of Canada increased their target price on shares of RB Global from $99.00 to $107.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. CIBC boosted their price target on shares of RB Global from $102.00 to $109.00 and gave the stock an “outperformer” rating in a research report on Thursday, December 12th. Finally, Robert W. Baird increased their price objective on shares of RB Global from $86.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock 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.