Tectonic Advisors LLC Has $6.58 Million Stake in RB Global, Inc. (NYSE:RBA)

Tectonic Advisors LLC boosted its stake in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 22.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 72,976 shares of the business services provider's stock after buying an additional 13,276 shares during the period. Tectonic Advisors LLC's holdings in RB Global were worth $6,583,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Retirement Systems of Alabama raised its holdings in shares of RB Global by 35.0% during the fourth quarter. Retirement Systems of Alabama now owns 388,260 shares of the business services provider's stock worth $35,025,000 after acquiring an additional 100,576 shares during the period. Longboard Asset Management LP acquired a new stake in shares of RB Global in the 4th quarter valued at about $231,000. Caprock Group LLC lifted its holdings in shares of RB Global by 27.1% in the fourth quarter. Caprock Group LLC now owns 5,054 shares of the business services provider's stock valued at $456,000 after purchasing an additional 1,078 shares in the last quarter. Stonegate Investment Group LLC acquired a new position in shares of RB Global during the fourth quarter worth about $237,000. Finally, Pacer Advisors Inc. grew its holdings in shares of RB Global by 52.6% during the fourth quarter. Pacer Advisors Inc. now owns 41,359 shares of the business services provider's stock worth $3,731,000 after buying an additional 14,253 shares in the last quarter. Institutional investors own 95.37% of the company's stock.

Wall Street Analyst Weigh In

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

RB Global Stock Performance

Shares of RB Global stock traded up $1.17 during trading on Friday, hitting $92.76. 747,861 shares of the stock were exchanged, compared to its average volume of 952,394. 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 fifty day moving average price of $91.74 and a 200-day moving average price of $87.09. The stock has a market capitalization of $17.14 billion, a price-to-earnings ratio of 50.41, a price-to-earnings-growth ratio of 3.82 and a beta of 0.96. RB Global, Inc. has a 1-year low of $65.79 and a 1-year high of $99.79.

RB Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Friday, February 14th. RB Global's dividend payout ratio is 63.04%.

RB Global Company 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.