Barclays PLC Has $3.15 Million Stake in RB Global, Inc. (NYSE:RBA)

Barclays PLC trimmed its holdings in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 14.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,093 shares of the business services provider's stock after selling 6,342 shares during the period. Barclays PLC's holdings in RB Global were worth $3,147,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in RB Global by 142.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,337,790 shares of the business services provider's stock worth $102,154,000 after purchasing an additional 787,042 shares during the last quarter. National Bank of Canada FI raised its stake in shares of RB Global by 309.6% during the third quarter. National Bank of Canada FI now owns 808,172 shares of the business services provider's stock worth $65,014,000 after buying an additional 610,843 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of RB Global by 1,879.0% during the 2nd quarter. CIBC Asset Management Inc now owns 626,603 shares of the business services provider's stock valued at $47,761,000 after acquiring an additional 594,941 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of RB Global by 3,387.9% in the 2nd quarter. Principal Financial Group Inc. now owns 611,738 shares of the business services provider's stock valued at $46,712,000 after purchasing an additional 594,199 shares during the period. Finally, FMR LLC boosted its position in shares of RB Global by 60.5% in the 3rd quarter. FMR LLC now owns 1,180,975 shares of the business services provider's stock worth $95,057,000 after purchasing an additional 445,004 shares during the last quarter. Institutional investors own 95.37% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on RBA. Robert W. Baird increased their target price on RB Global from $86.00 to $100.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. CIBC increased their target price on shares of RB Global from $102.00 to $109.00 and gave the stock an "outperformer" rating in a report on Thursday, December 12th. BMO Capital Markets upped their price objective on shares of RB Global from $105.00 to $107.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. Royal Bank of Canada increased their price target on RB Global from $99.00 to $107.00 and gave the stock an "outperform" rating in a report on Monday, November 11th. Finally, Bank of America increased their target price on RB Global from $79.00 to $92.50 and gave the stock a "neutral" rating in a research note on Monday, August 26th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, RB Global has a consensus rating of "Moderate Buy" and a consensus target price of $100.36.

RB Global Stock Up 0.7 %

Shares of NYSE:RBA traded up $0.61 during midday trading on Tuesday, hitting $90.92. The stock had a trading volume of 181,175 shares, compared to its average volume of 999,267. The company has a market cap of $16.77 billion, a P/E ratio of 49.41, a PEG ratio of 4.56 and a beta of 0.95. RB Global, Inc. has a 12 month low of $60.84 and a 12 month high of $99.79. The business's 50-day simple moving average is $91.52 and its 200-day simple moving average is $84.52. The company has a quick ratio of 1.17, a current ratio of 1.28 and a debt-to-equity ratio of 0.52.

RB Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were issued a $0.29 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.28%. RB Global's payout ratio is 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.