Oak Thistle LLC Has $208,000 Holdings in RB Global, Inc. (NYSE:RBA)

Oak Thistle LLC reduced its holdings in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 83.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,308 shares of the business services provider's stock after selling 11,857 shares during the quarter. Oak Thistle LLC's holdings in RB Global were worth $208,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in RBA. Armstrong Henry H Associates Inc. increased its stake in shares of RB Global by 3.9% during the fourth quarter. Armstrong Henry H Associates Inc. now owns 8,305 shares of the business services provider's stock worth $749,000 after purchasing an additional 310 shares during the period. City Center Advisors LLC acquired a new position in RB Global in the 4th quarter valued at $338,000. Diversified Trust Co lifted its holdings in shares of RB Global by 48.9% during the fourth quarter. Diversified Trust Co now owns 63,119 shares of the business services provider's stock worth $5,694,000 after buying an additional 20,724 shares in the last quarter. Oliver Luxxe Assets LLC boosted its position in shares of RB Global by 5.7% in the fourth quarter. Oliver Luxxe Assets LLC now owns 28,073 shares of the business services provider's stock valued at $2,532,000 after acquiring an additional 1,520 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new position in shares of RB Global in the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 95.37% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. CIBC increased their target price on shares of RB Global from $102.00 to $109.00 and gave the stock an "outperformer" rating in a research report on Thursday, December 12th. Royal Bank of Canada increased their price target 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 price objective on RB Global from $105.00 to $107.00 and gave the company an "outperform" rating in a report on Monday, November 11th. StockNews.com cut RB Global from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, Robert W. Baird upped their price objective 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. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, RB Global has a consensus rating of "Moderate Buy" and an average price target of $100.36.

RB Global Price Performance

Shares of RBA stock traded down $0.60 on Friday, reaching $89.24. The company had a trading volume of 412,634 shares, compared to its average volume of 612,443. The business's 50-day moving average is $93.22 and its 200 day moving average is $85.89. RB Global, Inc. has a one year low of $60.84 and a one 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 stock has a market capitalization of $16.49 billion, a PE ratio of 48.50, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96.

RB Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.16 dividend on an annualized basis and a yield of 1.30%. RB Global's dividend payout ratio 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.