RB Global, Inc. (NYSE:RBA) Short Interest Update

RB Global, Inc. (NYSE:RBA - Get Free Report) TSE: RBA was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 6,030,000 shares, an increase of 77.4% from the January 31st total of 3,400,000 shares. Based on an average daily trading volume, of 938,500 shares, the short-interest ratio is currently 6.4 days. Approximately 3.3% of the shares of the company are sold short.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on RBA shares. BMO Capital Markets upped their price target on shares of RB Global from $116.00 to $120.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Robert W. Baird raised their price objective on RB Global from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. StockNews.com downgraded RB Global from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. CIBC lowered their price objective on shares of RB Global from $109.00 to $108.00 and set an "outperformer" rating on the stock in a research note on Monday, February 3rd. Finally, Royal Bank of Canada raised their target price on shares of RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $107.64.

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RB Global Trading Down 0.5 %

Shares of RB Global stock traded down $0.55 during mid-day trading on Wednesday, hitting $100.11. 900,006 shares of the stock were exchanged, compared to its average volume of 1,058,189. The stock has a market capitalization of $18.49 billion, a price-to-earnings ratio of 49.81, a price-to-earnings-growth ratio of 4.95 and a beta of 0.96. RB Global has a twelve month low of $69.83 and a twelve month high of $106.90. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The company has a 50-day simple moving average of $93.31 and a 200 day simple moving average of $89.69.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last released its earnings results on Tuesday, February 18th. The business services provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.23). RB Global had a return on equity of 8.00% and a net margin of 9.64%. The business had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter last year, the company posted $0.82 earnings per share. Research analysts forecast that RB Global will post 2.5 EPS for the current year.

RB Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 1.16%. RB Global's dividend payout ratio is presently 57.71%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new stake in RB Global during the 3rd quarter valued at $1,057,000. Assenagon Asset Management S.A. raised its holdings in shares of RB Global by 8.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 10,141 shares of the business services provider's stock worth $817,000 after purchasing an additional 781 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of RB Global by 7.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,131 shares of the business services provider's stock worth $333,000 after buying an additional 273 shares during the period. State of Alaska Department of Revenue lifted its position in shares of RB Global by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 21,420 shares of the business services provider's stock worth $1,724,000 after purchasing an additional 1,450 shares in the last quarter. Finally, New York State Teachers Retirement System increased its holdings in RB Global by 3.2% in the third quarter. New York State Teachers Retirement System now owns 95,995 shares of the business services provider's stock worth $7,727,000 after buying an additional 2,995 shares during the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

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.