RB Global, Inc. (NYSE:RBA) Shares Acquired by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC increased its position in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,134 shares of the business services provider’s stock after purchasing an additional 257 shares during the quarter. Integrated Investment Consultants LLC’s holdings in RB Global were worth $283,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of RBA. American Century Companies Inc. grew its stake in shares of RB Global by 36.5% during the 2nd quarter. American Century Companies Inc. now owns 59,759 shares of the business services provider’s stock worth $4,559,000 after purchasing an additional 15,983 shares during the period. Federated Hermes Inc. purchased a new stake in shares of RB Global during the 2nd quarter valued at approximately $1,340,000. Renaissance Technologies LLC raised its position in RB Global by 468.3% in the second quarter. Renaissance Technologies LLC now owns 48,784 shares of the business services provider’s stock valued at $3,725,000 after purchasing an additional 40,200 shares during the period. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of RB Global in the second quarter valued at $353,000. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of RB Global by 4.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,342 shares of the business services provider’s stock worth $635,000 after purchasing an additional 382 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

RB Global Stock Performance

Shares of RB Global stock opened at $89.24 on Friday. 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 firm has a market cap of $16.49 billion, a PE ratio of 48.50, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96. RB Global, Inc. has a 1 year low of $60.84 and a 1 year high of $99.79. The firm’s 50-day simple moving average is $93.22 and its 200-day simple moving average is $85.95.

RB Global Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Royal Bank of Canada upped their price objective on RB Global from $99.00 to $107.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Robert W. Baird boosted their target price on RB Global from $86.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. BMO Capital Markets increased their price target on shares of RB Global from $105.00 to $107.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. StockNews.com downgraded RB Global from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, CIBC lifted their price objective on shares of RB Global from $102.00 to $109.00 and gave the company an “outperformer” rating in a research note on Thursday, December 12th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, RB Global currently has an average rating of “Moderate Buy” and a consensus price target of $100.36.

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.