SG Americas Securities LLC Raises Position in RB Global, Inc. (NYSE:RBA)

SG Americas Securities LLC grew its stake in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 182.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,871 shares of the business services provider's stock after purchasing an additional 8,964 shares during the quarter. SG Americas Securities LLC's holdings in RB Global were worth $1,251,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its stake in RB Global by 25.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 706 shares of the business services provider's stock worth $64,000 after buying an additional 143 shares in the last quarter. UMB Bank n.a. raised its position in shares of RB Global by 60.1% in the 4th quarter. UMB Bank n.a. now owns 938 shares of the business services provider's stock worth $85,000 after acquiring an additional 352 shares in the last quarter. Integrated Investment Consultants LLC lifted its stake in shares of 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 during the period. Avanza Fonder AB bought a new stake in shares of RB Global during the 4th quarter valued at $1,234,000. Finally, Cypress Wealth Services LLC purchased a new stake in shares of RB Global in the 4th quarter worth about $224,000. 95.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. BMO Capital Markets raised their price objective on RB Global from $105.00 to $107.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. Robert W. Baird upped their price target on shares of RB Global from $86.00 to $100.00 and gave the stock an "outperform" rating in a research note on Monday, November 11th. Royal Bank of Canada increased their price objective 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. CIBC raised their price target on shares of RB Global from $102.00 to $109.00 and gave the company an "outperformer" rating in a research report on Thursday, December 12th. Finally, StockNews.com upgraded RB Global from a "hold" rating to a "buy" rating in a research note on Monday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $100.36.

RB Global Stock Performance

NYSE:RBA traded down $0.94 on Tuesday, hitting $90.39. The stock had a trading volume of 943,752 shares, compared to its average volume of 803,238. RB Global, Inc. has a 52-week low of $62.20 and a 52-week high of $99.79. The stock has a market cap of $16.70 billion, a price-to-earnings ratio of 49.12, a price-to-earnings-growth ratio of 3.39 and a beta of 0.96. 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 business's 50-day simple moving average is $92.91 and its two-hundred day simple moving average is $86.56.

RB Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 6th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.28%. The ex-dividend date is Thursday, February 6th. RB Global's dividend payout ratio is presently 63.04%.

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.