RB Global (NYSE:RBA) Price Target Raised to $145.00 at Raymond James Financial

RB Global (NYSE:RBA) (TSE:RBA) had its target price lifted by Raymond James Financial from $135.00 to $145.00 in a research report report published on Tuesday,BayStreet.CA reports. The firm currently has an outperform rating on the business services provider’s stock.

A number of other analysts also recently commented on the company. Bank of America dropped their price objective on RB Global from $120.00 to $114.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. National Bank Financial upgraded shares of RB Global from a “sector perform” rating to an “outperform” rating and set a $124.00 price target on the stock in a research report on Monday, November 24th. Weiss Ratings downgraded shares of RB Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Wall Street Zen cut shares of RB Global from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, National Bankshares dropped their target price on shares of RB Global from $113.00 to $111.00 and set a “sector perform” rating on the stock in a report on Thursday, October 9th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, RB Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.13.

RB Global Stock Up 0.3%

RBA stock opened at $113.26 on Tuesday. The firm’s 50-day moving average is $103.28 and its two-hundred day moving average is $107.06. The company has a market capitalization of $21.05 billion, a price-to-earnings ratio of 54.19, a price-to-earnings-growth ratio of 2.15 and a beta of 0.57. RB Global has a 52 week low of $86.68 and a 52 week high of $119.58. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.46.

RB Global (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings data on Thursday, November 6th. The business services provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.10. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.05 billion. RB Global had a net margin of 9.65% and a return on equity of 9.66%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the business earned $0.71 earnings per share. On average, analysts forecast that RB Global will post 2.5 earnings per share for the current fiscal year.

RB Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 26th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, November 26th. RB Global’s dividend payout ratio (DPR) is 59.33%.

Insider Activity at RB Global

In other news, Director Deborah Stein acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was purchased at an average price of $101.26 per share, with a total value of $101,260.00. Following the purchase, the director owned 1,000 shares of the company’s stock, valued at approximately $101,260. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.28% of the company’s stock.

Institutional Trading of RB Global

A number of hedge funds have recently modified their holdings of RBA. Signaturefd LLC boosted its position in shares of RB Global by 6.2% in the fourth quarter. Signaturefd LLC now owns 5,138 shares of the business services provider’s stock worth $529,000 after buying an additional 301 shares during the period. Ascent Group LLC lifted its stake in RB Global by 1.7% in the 4th quarter. Ascent Group LLC now owns 17,325 shares of the business services provider’s stock worth $1,782,000 after acquiring an additional 290 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its position in RB Global by 12.8% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 6,155 shares of the business services provider’s stock worth $633,000 after acquiring an additional 700 shares during the period. Allspring Global Investments Holdings LLC grew its stake in RB Global by 13.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 442,528 shares of the business services provider’s stock valued at $45,709,000 after acquiring an additional 50,830 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its stake in RB Global by 1.3% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 70,090 shares of the business services provider’s stock valued at $7,225,000 after acquiring an additional 890 shares in the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

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.