Choreo LLC bought a new position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 8,129 shares of the business services provider's stock, valued at approximately $735,000.
A number of other institutional investors have also added to or reduced their stakes in the business. Central Pacific Bank Trust Division bought a new position in RB Global during the 4th quarter worth approximately $27,000. Versant Capital Management Inc grew its position in 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 acquiring an additional 176 shares during the last quarter. Geneos Wealth Management Inc. bought a new position in RB Global during the 4th quarter worth approximately $40,000. UMB Bank n.a. grew its position 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 worth $47,000 after acquiring an additional 388 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in RB Global by 25.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 706 shares of the business services provider's stock worth $64,000 after acquiring an additional 143 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
RBA has been the topic of several recent research reports. Robert W. Baird raised their price target on RB Global from $86.00 to $100.00 and gave the stock an "outperform" rating in a research report on Monday, November 11th. BMO Capital Markets increased their price objective on RB Global from $105.00 to $107.00 and gave the stock an "outperform" rating in a report on Monday, November 11th. CIBC dropped their price objective on RB Global from $109.00 to $108.00 and set an "outperformer" rating for the company in a report on Monday, February 3rd. Royal Bank of Canada increased their price objective on RB Global from $99.00 to $107.00 and gave the stock an "outperform" rating in a report on Monday, November 11th. Finally, StockNews.com upgraded RB Global from a "hold" rating to a "buy" rating in a report on Monday, January 27th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, RB Global presently has an average rating of "Moderate Buy" and an average price target of $100.21.
Check Out Our Latest Report on RB Global
RB Global Stock Performance
NYSE RBA traded up $0.36 on Friday, hitting $96.28. 1,104,261 shares of the company traded hands, compared to its average volume of 915,389. The company has a market capitalization of $17.79 billion, a price-to-earnings ratio of 52.33, a P/E/G ratio of 3.82 and a beta of 0.96. The company has a current ratio of 1.28, a quick ratio of 1.17 and a debt-to-equity ratio of 0.52. The business's 50 day moving average price is $91.47 and its 200-day moving average price is $87.62. RB Global, Inc. has a 52-week low of $65.99 and a 52-week high of $99.79.
RB Global Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 1.20%. RB Global's dividend payout ratio (DPR) is presently 63.04%.
RB Global Profile
(
Free Report)
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.
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