Armstrong Henry H Associates Inc. Purchases 310 Shares of RB Global, Inc. (NYSE:RBA)

Armstrong Henry H Associates Inc. increased its stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,305 shares of the business services provider’s stock after acquiring an additional 310 shares during the period. Armstrong Henry H Associates Inc.’s holdings in RB Global were worth $749,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RBA. Central Pacific Bank Trust Division bought a new position in RB Global during the fourth quarter valued at $27,000. Versant Capital Management Inc boosted its stake in shares of RB Global by 136.4% during the 4th quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock worth $28,000 after purchasing an additional 176 shares during the period. UMB Bank n.a. grew its holdings in RB Global by 196.0% during the 3rd quarter. UMB Bank n.a. now owns 586 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 388 shares during the last quarter. Quarry LP purchased a new stake in RB Global in the 2nd quarter worth about $53,000. Finally, Covestor Ltd lifted its stake in RB Global by 533.1% in the third quarter. Covestor Ltd now owns 804 shares of the business services provider’s stock worth $65,000 after purchasing an additional 677 shares during the last quarter. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RBA. Royal Bank of Canada upped their target price on RB Global from $99.00 to $107.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. StockNews.com upgraded RB Global from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. BMO Capital Markets boosted their target price 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. Robert W. Baird raised 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, CIBC boosted their price target on RB Global from $102.00 to $109.00 and gave the company an “outperformer” rating in a report on Thursday, December 12th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, RB Global currently has a consensus rating of “Moderate Buy” and an average price target of $100.36.

RB Global Stock Performance

Shares of RB Global stock opened at $89.30 on Tuesday. The company has a market capitalization of $16.50 billion, a PE ratio of 48.53, a P/E/G ratio of 4.56 and a beta of 0.96. The company has a 50-day simple moving average of $93.12 and a two-hundred day simple moving average of $85.56. RB Global, Inc. has a one year low of $60.84 and a one year 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.

RB Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were paid a $0.29 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $1.16 annualized dividend and a yield of 1.30%. RB Global’s dividend payout ratio (DPR) is 63.04%.

About RB Global

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.