Avanza Fonder AB Buys Shares of 13,675 RB Global, Inc. (NYSE:RBA)

Avanza Fonder AB bought a new position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,675 shares of the business services provider's stock, valued at approximately $1,234,000.

A number of other hedge funds have also recently added to or reduced their stakes in RBA. Central Pacific Bank Trust Division bought a new position in shares of RB Global in the fourth quarter valued at approximately $27,000. Versant Capital Management Inc lifted 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. UMB Bank n.a. grew its position in shares of RB Global by 196.0% in the third 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 bought a new position in shares of RB Global in the second quarter worth about $53,000. Finally, Covestor Ltd lifted its position in shares of RB Global by 533.1% during the 3rd 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. Institutional investors and hedge funds own 95.37% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on RBA shares. StockNews.com lowered RB Global from a "buy" rating to a "hold" rating in a research note on Wednesday, January 15th. 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 increased their target price on shares of RB Global from $86.00 to $100.00 and gave the stock an "outperform" rating in a research report on Monday, November 11th. CIBC boosted their price target on shares of RB Global from $102.00 to $109.00 and gave the company an "outperformer" rating in a research report on Thursday, December 12th. Finally, 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 report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, RB Global presently has an average rating of "Moderate Buy" and a consensus price target of $100.36.

RB Global Trading Down 0.7 %

Shares of NYSE RBA traded down $0.60 during mid-day trading on Monday, hitting $89.24. The company's stock had a trading volume of 412,634 shares, compared to its average volume of 612,443. RB Global, Inc. has a one year low of $60.84 and a one year high of $99.79. The company's fifty day simple moving average is $93.22 and its 200-day simple moving average is $86.01. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.28 and a quick ratio of 1.17. The stock has a market cap of $16.49 billion, a price-to-earnings ratio of 48.50, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96.

RB Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Wednesday, November 27th. RB Global's dividend payout ratio (DPR) is currently 63.04%.

RB Global 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.