Klein Pavlis & Peasley Financial Inc. Acquires 667 Shares of RB Global, Inc. (NYSE:RBA)

Klein Pavlis & Peasley Financial Inc. raised its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 1.5% in the 4th quarter, HoldingsChannel reports. The fund owned 45,363 shares of the business services provider’s stock after acquiring an additional 667 shares during the period. RB Global comprises approximately 3.3% of Klein Pavlis & Peasley Financial Inc.’s holdings, making the stock its 6th biggest position. Klein Pavlis & Peasley Financial Inc.’s holdings in RB Global were worth $4,092,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Weil Company Inc. grew its stake in shares of RB Global by 1.2% in the third quarter. Weil Company Inc. now owns 11,330 shares of the business services provider’s stock worth $912,000 after purchasing an additional 132 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of RB Global by 25.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 706 shares of the business services provider’s stock valued at $64,000 after buying an additional 143 shares during the last quarter. Blue Trust Inc. grew its position in shares of RB Global by 11.9% in the 3rd quarter. Blue Trust Inc. now owns 1,478 shares of the business services provider’s stock valued at $113,000 after buying an additional 157 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of RB Global by 136.4% in the fourth quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock valued at $28,000 after buying an additional 176 shares during the period. Finally, Exchange Traded Concepts LLC raised its position in shares of RB Global by 2.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 9,049 shares of the business services provider’s stock worth $816,000 after acquiring an additional 225 shares during the last quarter. Institutional investors own 95.37% of the company’s stock.

RB Global Stock Performance

NYSE RBA opened at $89.15 on Thursday. The company has a fifty day moving average price of $91.97 and a 200-day moving average price of $86.97. The firm has a market cap of $16.47 billion, a price-to-earnings ratio of 48.45, a PEG ratio of 3.73 and a beta of 0.96. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.28 and a quick ratio of 1.17. RB Global, Inc. has a 1 year low of $64.04 and a 1 year high of $99.79.

RB Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Friday, February 14th. RB Global’s payout ratio is 63.04%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RBA. BMO Capital Markets increased their price target on RB Global from $105.00 to $107.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. StockNews.com raised RB Global from a “hold” rating to a “buy” rating in a research note on Monday, January 27th. CIBC dropped their price target on RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a research note on Monday. Royal Bank of Canada raised their price objective on shares of RB Global from $99.00 to $107.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Finally, Robert W. Baird boosted their target price on shares of RB Global from $86.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, RB Global currently has a consensus rating of “Moderate Buy” and an average target price of $100.21.

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.