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

Cypress Wealth Services LLC purchased a new stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,488 shares of the business services provider’s stock, valued at approximately $224,000.

Several other large investors have also recently bought and sold shares of RBA. Central Pacific Bank Trust Division acquired a new stake in shares of RB Global during the fourth quarter worth $27,000. Versant Capital Management Inc increased its position in 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 acquiring an additional 176 shares during the period. UMB Bank n.a. raised 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 worth $47,000 after purchasing an additional 388 shares in the last quarter. Quarry LP bought a new stake in RB Global in the 2nd quarter valued at about $53,000. Finally, Covestor Ltd grew its position in shares of RB Global by 533.1% during the 3rd quarter. Covestor Ltd now owns 804 shares of the business services provider’s stock worth $65,000 after purchasing an additional 677 shares in the last quarter. 95.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

RBA has been the subject of a number of analyst reports. Royal Bank of Canada lifted their price target 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. Robert W. Baird lifted their price objective on RB Global from $86.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 11th. BMO Capital Markets increased 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 downgraded RB Global from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, CIBC increased their price objective on shares of RB Global from $102.00 to $109.00 and gave the stock an “outperformer” rating in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $100.36.

RB Global Stock Performance

NYSE:RBA opened at $89.24 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.28 and a debt-to-equity ratio of 0.52. The firm has a market capitalization 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 twelve month low of $60.84 and a twelve month high of $99.79. The stock’s 50-day simple moving average is $93.22 and its 200 day simple moving average is $85.89.

RB Global Announces Dividend

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

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.