Diversified Trust Co Grows Position in RB Global, Inc. (NYSE:RBA)

Diversified Trust Co raised its holdings in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 48.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 63,119 shares of the business services provider's stock after purchasing an additional 20,724 shares during the quarter. Diversified Trust Co's holdings in RB Global were worth $5,694,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of RBA. Central Pacific Bank Trust Division bought a new stake in RB Global during the 4th quarter worth $27,000. Versant Capital Management Inc grew its holdings in shares of RB Global by 136.4% during the fourth quarter. Versant Capital Management Inc now owns 305 shares of the business services provider's stock worth $28,000 after purchasing an additional 176 shares during the last quarter. UMB Bank n.a. increased its stake 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 buying an additional 388 shares during the period. Quarry LP bought a new position in RB Global in the 2nd quarter valued at approximately $53,000. Finally, Covestor Ltd boosted its position in 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 buying an additional 677 shares during the period. Institutional investors own 95.37% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on RBA shares. CIBC upped their target price on RB Global from $102.00 to $109.00 and gave the company an "outperformer" rating in a report on Thursday, December 12th. Robert W. Baird upped their price objective on shares of RB Global from $86.00 to $100.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. BMO Capital Markets lifted their target price 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. Finally, Royal Bank of Canada upped their price target on shares of RB Global from $99.00 to $107.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $100.36.

RB Global Stock Performance

Shares of NYSE RBA traded down $1.58 during trading on Tuesday, reaching $89.83. 606,596 shares of the stock traded hands, compared to its average volume of 647,449. 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 capitalization of $16.59 billion, a P/E ratio of 48.82, a price-to-earnings-growth ratio of 4.56 and a beta of 0.96. RB Global, Inc. has a 52-week low of $60.84 and a 52-week high of $99.79. The company has a 50-day moving average of $92.86 and a 200-day moving average of $85.31.

RB Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were issued 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 1.29%. RB Global's dividend payout ratio (DPR) 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.