Rhumbline Advisers Boosts Holdings in RB Global, Inc. (NYSE:RBA)

Rhumbline Advisers grew its position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 479,229 shares of the business services provider's stock after purchasing an additional 3,947 shares during the quarter. Rhumbline Advisers owned about 0.26% of RB Global worth $43,231,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in RBA. CWM LLC grew its stake in RB Global by 6.3% during the 3rd quarter. CWM LLC now owns 3,956 shares of the business services provider's stock worth $318,000 after buying an additional 235 shares during the last quarter. Creative Planning raised its position in shares of RB Global by 27.6% in the 3rd quarter. Creative Planning now owns 19,811 shares of the business services provider's stock valued at $1,595,000 after purchasing an additional 4,285 shares during the last quarter. Blue Trust Inc. boosted its stake in RB Global by 11.9% in the 3rd quarter. Blue Trust Inc. now owns 1,478 shares of the business services provider's stock worth $113,000 after purchasing an additional 157 shares in the last quarter. Arlington Partners LLC grew its position in RB Global by 22.3% during the 3rd quarter. Arlington Partners LLC now owns 49,180 shares of the business services provider's stock worth $3,958,000 after purchasing an additional 8,961 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in shares of RB Global by 21.3% in the third quarter. Signaturefd LLC now owns 3,699 shares of the business services provider's stock worth $298,000 after buying an additional 649 shares during the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on RBA. StockNews.com raised RB Global from a "hold" rating to a "buy" rating in a research report on Monday, January 27th. CIBC reduced their price objective on RB Global from $109.00 to $108.00 and set an "outperformer" rating for the company in a research note on Monday, February 3rd. BMO Capital Markets increased their price target on shares of RB Global from $105.00 to $107.00 and gave the stock an "outperform" rating in a report on Monday, November 11th. 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 report on Monday, November 11th. Finally, Royal Bank of Canada raised their target price on shares of RB Global from $99.00 to $107.00 and gave the stock an "outperform" rating in a report on Monday, November 11th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $100.21.

RB Global Stock Performance

NYSE RBA opened at $96.28 on Tuesday. The stock has a market capitalization of $17.79 billion, a price-to-earnings ratio of 52.33, a PEG ratio of 3.82 and a beta of 0.96. RB Global, Inc. has a twelve month low of $65.99 and a twelve month high of $99.79. The stock has a 50-day moving average of $91.45 and a 200 day moving average of $87.87. The company has a current ratio of 1.28, a quick ratio of 1.17 and a debt-to-equity ratio of 0.52.

RB Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.20%. 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.

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