RB Global, Inc. (NYSE:RBA) Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,451,146 shares of the business services provider's stock after acquiring an additional 753,700 shares during the period. RB Global comprises approximately 2.6% of Vontobel Holding Ltd.'s holdings, making the stock its 6th largest position. Vontobel Holding Ltd. owned approximately 4.57% of RB Global worth $762,378,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Fiera Capital Corp increased its position in shares of RB Global by 4.1% in the fourth quarter. Fiera Capital Corp now owns 3,216,507 shares of the business services provider's stock worth $290,000,000 after acquiring an additional 125,275 shares in the last quarter. Values First Advisors Inc. acquired a new stake in shares of RB Global during the fourth quarter worth approximately $582,000. Summit Trail Advisors LLC grew its position in RB Global by 4.6% during the fourth quarter. Summit Trail Advisors LLC now owns 3,089 shares of the business services provider's stock valued at $279,000 after purchasing an additional 137 shares in the last quarter. Stephens Inc. AR grew its position in RB Global by 26.6% during the fourth quarter. Stephens Inc. AR now owns 4,097 shares of the business services provider's stock valued at $370,000 after purchasing an additional 860 shares in the last quarter. Finally, Cidel Asset Management Inc. grew its position in RB Global by 0.3% during the fourth quarter. Cidel Asset Management Inc. now owns 681,212 shares of the business services provider's stock valued at $61,452,000 after purchasing an additional 2,344 shares in the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

RB Global Stock Up 0.3 %

RBA stock traded up $0.30 during trading hours on Tuesday, hitting $96.60. The company's stock had a trading volume of 1,963,991 shares, compared to its average volume of 949,202. 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 50 day moving average price of $91.45 and a two-hundred day moving average price of $87.87. The company has a market capitalization of $17.84 billion, a PE ratio of 52.50, a price-to-earnings-growth ratio of 3.82 and a beta of 0.96. RB Global, Inc. has a 12 month low of $65.99 and a 12 month high of $99.79.

RB Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors 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 dividend yield of 1.20%. The ex-dividend date is Friday, February 14th. RB Global's dividend payout ratio is currently 63.04%.

Analyst Upgrades and Downgrades

RBA has been the topic of a number of research analyst reports. CIBC lowered their price objective on shares of RB Global from $109.00 to $108.00 and set an "outperformer" rating on the stock in a research report on Monday, February 3rd. StockNews.com raised shares of RB Global from a "hold" rating to a "buy" rating in a research report on Monday, January 27th. Royal Bank of Canada boosted their price objective 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. Robert W. Baird boosted their price objective on shares of RB Global from $86.00 to $100.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. Finally, BMO Capital Markets boosted their target price on shares of RB Global from $105.00 to $107.00 and gave the stock an "outperform" rating in a research report on Monday, November 11th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $100.21.

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.