Brokerages Set RB Global, Inc. (NYSE:RBA) Price Target at $100.21

Shares of RB Global, Inc. (NYSE:RBA - Get Free Report) TSE: RBA have been assigned a consensus recommendation of "Moderate Buy" from the six analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $100.21.

Several equities analysts recently weighed in on RBA shares. CIBC decreased their target price on shares of RB Global from $109.00 to $108.00 and set an "outperformer" rating for the company in a research note on Monday, February 3rd. StockNews.com raised shares of RB Global from a "hold" rating to a "buy" rating in a research report on Monday, January 27th. BMO Capital Markets upped their target price on shares of RB Global from $105.00 to $107.00 and gave the company an "outperform" rating in a report on Monday, November 11th. Robert W. Baird raised their target price on shares of RB Global from $86.00 to $100.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. Finally, Royal Bank of Canada boosted 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.

Institutional Investors Weigh In On RB Global

A number of institutional investors have recently made changes to their positions in the company. Arlington Partners LLC lifted its holdings in RB Global by 22.3% during the 3rd quarter. Arlington Partners LLC now owns 49,180 shares of the business services provider's stock worth $3,958,000 after purchasing an additional 8,961 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in RB Global during the 4th quarter worth $27,000. CIBC Asset Management Inc lifted its holdings in shares of RB Global by 57.1% during the third quarter. CIBC Asset Management Inc now owns 984,364 shares of the business services provider's stock worth $80,076,000 after buying an additional 357,761 shares in the last quarter. Diversified Trust Co boosted its position in shares of RB Global by 48.9% in the fourth quarter. Diversified Trust Co now owns 63,119 shares of the business services provider's stock valued at $5,694,000 after acquiring an additional 20,724 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its stake in shares of RB Global by 53.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 59,695 shares of the business services provider's stock valued at $4,805,000 after acquiring an additional 20,795 shares in the last quarter. Institutional investors own 95.37% of the company's stock.

RB Global Stock Up 1.3 %

RBA stock traded up $1.17 during mid-day trading on Thursday, reaching $92.76. The company had a trading volume of 747,861 shares, compared to its average volume of 952,394. The company has a market capitalization of $17.14 billion, a price-to-earnings ratio of 50.41, a PEG ratio of 3.82 and a beta of 0.96. RB Global has a 52 week low of $65.79 and a 52 week high of $99.79. The stock has a 50 day simple moving average of $91.74 and a two-hundred day simple moving average of $87.19. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.28 and a quick ratio of 1.17.

RB Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a $0.29 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 1.25%. 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.