RB Global, Inc. (NYSE:RBA) Shares Sold by Addenda Capital Inc.

Addenda Capital Inc. decreased its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,630 shares of the business services provider’s stock after selling 298 shares during the period. Addenda Capital Inc. owned approximately 0.06% of RB Global worth $9,439,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB increased its stake in RB Global by 25.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 706 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 143 shares in the last quarter. UMB Bank n.a. increased its stake in RB Global by 60.1% in the 4th quarter. UMB Bank n.a. now owns 938 shares of the business services provider’s stock valued at $85,000 after purchasing an additional 352 shares in the last quarter. Integrated Investment Consultants LLC increased its stake in RB Global by 8.9% in the 4th quarter. Integrated Investment Consultants LLC now owns 3,134 shares of the business services provider’s stock valued at $283,000 after purchasing an additional 257 shares in the last quarter. Avanza Fonder AB purchased a new position in RB Global in the 4th quarter valued at approximately $1,234,000. Finally, Cypress Wealth Services LLC purchased a new position in RB Global in the 4th quarter valued at approximately $224,000. Institutional investors and hedge funds own 95.37% of the company’s stock.

RB Global Stock Down 0.7 %

Shares of NYSE RBA opened at $89.24 on Tuesday. RB Global, Inc. has a 1 year low of $60.84 and a 1 year high of $99.79. The firm has a market cap of $16.49 billion, a price-to-earnings ratio of 48.50, a PEG ratio of 3.36 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. The stock’s 50-day simple moving average is $93.13 and its 200-day simple moving average is $86.10.

RB Global Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on RBA. BMO Capital Markets raised their price target 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 raised their price target on RB Global from $99.00 to $107.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. StockNews.com downgraded RB Global from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. CIBC raised their price target on 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 raised their price objective on RB Global from $86.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, RB Global has an average rating of “Moderate Buy” and a consensus price target of $100.36.

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.