RB Global, Inc. (NYSE:RBA) Short Interest Down 30.6% in January

RB Global, Inc. (NYSE:RBA) (TSE:RBA) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 3,400,000 shares, a drop of 30.6% from the January 15th total of 4,900,000 shares. Currently, 1.9% of the company’s shares are sold short. Based on an average daily trading volume, of 874,400 shares, the short-interest ratio is presently 3.9 days.

RB Global Stock Up 0.4 %

NYSE RBA traded up $0.36 on Friday, reaching $96.28. The company had a trading volume of 1,104,261 shares, compared to its average volume of 952,394. The company’s fifty day moving average is $91.47 and its 200-day moving average is $87.73. The firm has a market capitalization of $17.79 billion, a price-to-earnings ratio of 52.33, a price-to-earnings-growth ratio of 3.82 and a beta of 0.96. 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 has a 1-year low of $65.99 and a 1-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 given a dividend of $0.29 per share. The ex-dividend date is Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.20%. RB Global’s dividend payout ratio is currently 63.04%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Royal Bank of Canada upped their price target on RB Global from $99.00 to $107.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Robert W. Baird increased their target price on shares of RB Global from $86.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. CIBC decreased their price target on shares of RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a report on Monday, February 3rd. StockNews.com upgraded shares of RB Global from a “hold” rating to a “buy” rating in a research report on Monday, January 27th. Finally, 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. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.21.

Institutional Investors Weigh In On RB Global

A number of hedge funds and other institutional investors have recently bought and sold shares of RBA. Central Pacific Bank Trust Division acquired a new position in RB Global during the 4th quarter worth approximately $27,000. Versant Capital Management Inc lifted its position in shares of RB Global by 136.4% in 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 in the last quarter. Jones Financial Companies Lllp boosted its holdings in RB Global by 49.4% during the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider’s stock worth $35,000 after purchasing an additional 129 shares during the last quarter. Proficio Capital Partners LLC bought a new position in RB Global in the fourth quarter valued at $36,000. Finally, Whipplewood Advisors LLC acquired a new stake in RB Global in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 95.37% of the company’s stock.

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.