Peregrine Capital Management LLC Has $6.36 Million Stock Holdings in RB Global, Inc. (NYSE:RBA)

Peregrine Capital Management LLC grew its position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 1.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 70,510 shares of the business services provider’s stock after buying an additional 1,303 shares during the period. Peregrine Capital Management LLC’s holdings in RB Global were worth $6,361,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in RBA. Central Pacific Bank Trust Division acquired a new position in RB Global in the fourth quarter valued at about $27,000. Versant Capital Management Inc grew its position in shares of RB Global by 136.4% in the 4th quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 176 shares during the period. Geneos Wealth Management Inc. bought a new stake in RB Global during the 4th quarter worth approximately $40,000. MassMutual Private Wealth & Trust FSB lifted its stake in RB Global by 25.4% in the fourth 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 in the last quarter. Finally, Covestor Ltd boosted its holdings in shares of RB Global by 533.1% in the third quarter. Covestor Ltd now owns 804 shares of the business services provider’s stock valued at $65,000 after buying an additional 677 shares during the period. Institutional investors own 95.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on RBA. Robert W. Baird raised their price objective on shares of RB Global from $86.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Royal Bank of Canada upped their price objective on RB Global from $99.00 to $107.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. BMO Capital Markets lifted their target price on RB Global from $105.00 to $107.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. StockNews.com raised RB Global from a “hold” rating to a “buy” rating in a research report on Monday, January 27th. Finally, CIBC lowered their price objective on shares of RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a report on Monday, February 3rd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $100.21.

RB Global Price Performance

NYSE:RBA opened at $96.60 on Wednesday. The stock has a market capitalization of $17.84 billion, a PE ratio of 52.50, a P/E/G ratio of 4.01 and a beta of 0.96. RB Global, Inc. has a 1-year low of $65.99 and a 1-year high of $99.79. The firm has a fifty day simple moving average of $91.45 and a 200 day simple moving average of $87.87. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.20%. RB Global’s dividend payout ratio is presently 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.