RB Global, Inc. (NYSE:RBA) Holdings Decreased by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc reduced its position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,664 shares of the business services provider's stock after selling 3,950 shares during the period. Marks Group Wealth Management Inc owned 0.05% of RB Global worth $8,991,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in RBA. Weil Company Inc. grew its stake in 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 in the last quarter. Summit Trail Advisors LLC raised its stake in shares of RB Global by 4.6% during the 4th quarter. Summit Trail Advisors LLC now owns 3,089 shares of the business services provider's stock worth $279,000 after acquiring an additional 137 shares in the last quarter. 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 purchasing an additional 143 shares during the last quarter. Blue Trust Inc. grew its position in RB Global by 11.9% during the 3rd quarter. Blue Trust Inc. now owns 1,478 shares of the business services provider's stock worth $113,000 after purchasing an additional 157 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings 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 acquiring an additional 176 shares during the last quarter. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

RB Global Trading Up 0.4 %

Shares of RBA stock traded up $0.36 during trading hours on Friday, hitting $96.28. 1,104,261 shares of the company were exchanged, compared to its average volume of 952,394. The firm has a market cap of $17.79 billion, a PE ratio of 52.33, a PEG ratio of 3.82 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 company has a quick ratio of 1.17, a current ratio of 1.28 and a debt-to-equity ratio of 0.52. The firm has a fifty day moving average of $91.47 and a 200 day moving average of $87.62.

RB Global Announces Dividend

The firm 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. This represents a $1.16 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Friday, February 14th. RB Global's dividend payout ratio (DPR) is presently 63.04%.

Wall Street Analysts Forecast Growth

RBA has been the topic of a number of recent analyst reports. StockNews.com raised shares of RB Global from a "hold" rating to a "buy" rating in a report on Monday, January 27th. BMO Capital Markets raised their price target on shares of RB Global from $105.00 to $107.00 and gave the stock an "outperform" rating in a research note on Monday, November 11th. Royal Bank of Canada lifted their target price on shares of RB Global from $99.00 to $107.00 and gave the stock an "outperform" rating in a research note on Monday, November 11th. CIBC dropped their price target on shares of RB Global from $109.00 to $108.00 and set an "outperformer" rating for the company in a research report on Monday, February 3rd. Finally, Robert W. Baird lifted their price objective on shares of RB Global from $86.00 to $100.00 and gave the company an "outperform" rating in a report on Monday, November 11th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.