20,491 Shares in RB Global, Inc. (NYSE:RBA) Bought by Weiss Asset Management LP

Weiss Asset Management LP purchased a new position in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 20,491 shares of the business services provider's stock, valued at approximately $1,649,000.

Several other institutional investors and hedge funds have also modified their holdings of RBA. State Street Corp lifted its stake in RB Global by 2.1% in the 3rd quarter. State Street Corp now owns 5,045,188 shares of the business services provider's stock valued at $406,087,000 after purchasing an additional 103,080 shares during the last quarter. Quantinno Capital Management LP lifted its stake in shares of RB Global by 8.5% in the 3rd quarter. Quantinno Capital Management LP now owns 27,973 shares of the business services provider's stock valued at $2,252,000 after acquiring an additional 2,180 shares during the last quarter. Quarry LP boosted its holdings in shares of RB Global by 138.0% during the 3rd quarter. Quarry LP now owns 1,652 shares of the business services provider's stock valued at $133,000 after acquiring an additional 958 shares in the last quarter. Janus Henderson Group PLC grew its position in RB Global by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 3,383,191 shares of the business services provider's stock worth $272,293,000 after acquiring an additional 24,101 shares during the last quarter. Finally, Centiva Capital LP acquired a new position in RB Global in the 3rd quarter worth about $379,000. 95.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RBA has been the topic of a number of recent research reports. BMO Capital Markets lifted their price target on RB Global from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. Royal Bank of Canada boosted their target price on shares of RB Global from $99.00 to $107.00 and gave the stock an "outperform" rating in a report on Monday, November 11th. Bank of America raised their price target on shares of RB Global from $79.00 to $92.50 and gave the company a "neutral" rating in a research note on Monday, August 26th. Finally, Robert W. Baird boosted their price objective 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. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, RB Global presently has a consensus rating of "Moderate Buy" and an average target price of $98.36.

RB Global Trading Down 0.8 %

Shares of NYSE:RBA traded down $0.75 during trading on Friday, reaching $96.84. The stock had a trading volume of 478,301 shares, compared to its average volume of 927,399. RB Global, Inc. has a 52 week low of $60.84 and a 52 week high of $99.79. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.17 and a current ratio of 1.28. The firm's fifty day moving average is $88.39 and its 200 day moving average is $82.80. The stock has a market cap of $17.86 billion, a price-to-earnings ratio of 52.63, a P/E/G ratio of 4.72 and a beta of 0.95.

RB Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Wednesday, November 27th. RB Global's dividend payout ratio (DPR) is presently 63.04%.

Insider Activity

In related news, CEO James Francis Kessler sold 17,883 shares of the business's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $84.19, for a total transaction of $1,505,569.77. Following the transaction, the chief executive officer now owns 86,247 shares in the company, valued at $7,261,134.93. The trade was a 17.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.32% of the stock is owned by company insiders.

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.