RB Global, Inc. (NYSE:RBA) Shares Purchased by Ascent Group LLC

Ascent Group LLC boosted its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 6.8% during the third quarter, HoldingsChannel.com reports. The fund owned 10,990 shares of the business services provider’s stock after acquiring an additional 695 shares during the period. Ascent Group LLC’s holdings in RB Global were worth $885,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RBA. Cetera Investment Advisers grew its stake in RB Global by 1,177.0% during the 1st quarter. Cetera Investment Advisers now owns 43,572 shares of the business services provider’s stock worth $3,319,000 after buying an additional 40,160 shares during the last quarter. Cetera Advisors LLC boosted its stake in RB Global by 24.5% during the 1st quarter. Cetera Advisors LLC now owns 7,488 shares of the business services provider’s stock valued at $570,000 after purchasing an additional 1,472 shares during the period. DekaBank Deutsche Girozentrale grew its position in RB Global by 3.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 26,116 shares of the business services provider’s stock worth $1,989,000 after purchasing an additional 761 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of RB Global by 58.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 446 shares of the business services provider’s stock valued at $34,000 after buying an additional 165 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in RB Global by 348.7% in the 2nd quarter. SG Americas Securities LLC now owns 81,076 shares of the business services provider’s stock worth $6,191,000 after buying an additional 63,007 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RBA shares. 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. Raymond James increased their target price on shares of RB Global from $95.00 to $98.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Bank of America raised their target price 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. 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. Finally, BMO Capital Markets raised their price objective on shares of RB Global from $105.00 to $107.00 and gave the company 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.36.

RB Global Stock Performance

NYSE:RBA opened at $97.47 on Wednesday. The company has a 50-day moving average of $87.40 and a 200-day moving average of $82.38. The firm has a market cap of $17.97 billion, a price-to-earnings ratio of 52.97, a price-to-earnings-growth ratio of 4.67 and a beta of 0.95. The company has a current ratio of 1.28, a quick ratio of 1.17 and a debt-to-equity ratio of 0.52. RB Global, Inc. has a twelve month low of $60.84 and a twelve month high of $99.79.

RB Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a $0.29 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $1.16 annualized dividend and a dividend yield of 1.19%. RB Global’s dividend payout ratio is currently 63.04%.

Insider Activity

In other RB Global news, CEO James Francis Kessler sold 17,883 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $84.19, for a total transaction of $1,505,569.77. Following the sale, the chief executive officer now owns 86,247 shares in the company, valued at approximately $7,261,134.93. The trade was a 17.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.10% of the company’s stock.

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.