Pacer Advisors Inc. Purchases 14,253 Shares of RB Global, Inc. (NYSE:RBA)

Pacer Advisors Inc. lifted its holdings in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 52.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 41,359 shares of the business services provider's stock after purchasing an additional 14,253 shares during the period. Pacer Advisors Inc.'s holdings in RB Global were worth $3,731,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. State Street Corp grew its holdings in shares of RB Global by 2.1% during the third quarter. State Street Corp now owns 5,045,188 shares of the business services provider's stock worth $406,087,000 after purchasing an additional 103,080 shares during the last quarter. Geode Capital Management LLC boosted its holdings in RB Global by 3.0% in the third quarter. Geode Capital Management LLC now owns 3,702,381 shares of the business services provider's stock valued at $297,400,000 after acquiring an additional 108,188 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in RB Global by 0.7% in the third quarter. Janus Henderson Group PLC now owns 3,383,191 shares of the business services provider's stock valued at $272,293,000 after acquiring an additional 24,101 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in RB Global by 17.1% in the third quarter. The Manufacturers Life Insurance Company now owns 2,435,191 shares of the business services provider's stock valued at $196,109,000 after acquiring an additional 354,803 shares during the last quarter. Finally, Canoe Financial LP boosted its holdings in RB Global by 22.0% in the third quarter. Canoe Financial LP now owns 1,418,666 shares of the business services provider's stock valued at $113,900,000 after acquiring an additional 255,484 shares during the last quarter. Institutional investors own 95.37% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on RBA shares. CIBC decreased their price target on RB Global from $109.00 to $108.00 and set an "outperformer" rating on the stock in a report on Monday. Robert W. Baird raised their price target on RB Global from $86.00 to $100.00 and gave the company an "outperform" rating in a report on Monday, November 11th. StockNews.com upgraded RB Global from a "hold" rating to a "buy" rating in a report on Monday, January 27th. BMO Capital Markets raised their target price on RB Global from $105.00 to $107.00 and gave the stock an "outperform" rating in a report on Monday, November 11th. Finally, Royal Bank of Canada raised their target price on RB Global from $99.00 to $107.00 and gave the stock an "outperform" rating in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $100.21.

RB Global Stock Down 1.1 %

Shares of NYSE:RBA traded down $1.02 during trading on Monday, hitting $88.46. 859,880 shares of the company's stock traded hands, compared to its average volume of 949,693. RB Global, Inc. has a 52 week low of $63.13 and a 52 week high of $99.79. 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 company has a market cap of $16.34 billion, a price-to-earnings ratio of 48.07, a price-to-earnings-growth ratio of 3.73 and a beta of 0.96. The company has a 50-day moving average price of $92.52 and a 200-day moving average price of $86.84.

RB Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 6th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $1.16 annualized dividend and a yield of 1.31%. RB Global's dividend payout ratio (DPR) is presently 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.