RB Global, Inc. (NYSE:RBA) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 68,195 shares of the business services provider’s stock after selling 2,675 shares during the period. Yousif Capital Management LLC’s holdings in RB Global were worth $6,152,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Central Pacific Bank Trust Division acquired a new stake in RB Global during the 4th quarter worth approximately $27,000. Versant Capital Management Inc lifted its holdings in shares of RB Global by 136.4% during the fourth quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock worth $28,000 after purchasing an additional 176 shares during the period. Geneos Wealth Management Inc. purchased a new position in RB Global in the 4th quarter valued at $40,000. UMB Bank n.a. increased its stake in RB Global by 196.0% in the 3rd quarter. UMB Bank n.a. now owns 586 shares of the business services provider’s stock valued at $47,000 after buying an additional 388 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its position in RB Global by 25.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 706 shares of the business services provider’s stock worth $64,000 after buying an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on RBA. Robert W. Baird raised their price objective on shares of RB Global from $86.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. CIBC decreased their price target on RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a research note on Monday. BMO Capital Markets increased their price objective on RB Global from $105.00 to $107.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Royal Bank of Canada boosted their target price on shares of RB Global from $99.00 to $107.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Finally, StockNews.com upgraded shares of RB Global from a “hold” rating to a “buy” rating in a report on Monday, January 27th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, RB Global has a consensus rating of “Moderate Buy” and a consensus target price of $100.21.

RB Global Price Performance

Shares of NYSE RBA opened at $91.50 on Friday. 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 50-day moving average price is $91.84 and its 200 day moving average price is $87.00. RB Global, Inc. has a 52 week low of $65.79 and a 52 week high of $99.79. The stock has a market cap of $16.90 billion, a price-to-earnings ratio of 49.73, a PEG ratio of 3.73 and a beta of 0.96.

RB Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.27%. RB Global’s dividend payout ratio is currently 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.