RB Global, Inc. (NYSE:RBA) Stake Boosted by Running Oak Capital LLC

Running Oak Capital LLC lifted its stake in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,773 shares of the business services provider's stock after purchasing an additional 7,391 shares during the quarter. RB Global comprises approximately 1.9% of Running Oak Capital LLC's portfolio, making the stock its 11th biggest position. Running Oak Capital LLC owned about 0.09% of RB Global worth $14,594,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arlington Partners LLC boosted its position in RB Global by 22.3% during the third 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 in the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of RB Global during the 4th quarter valued at about $27,000. CIBC Asset Management Inc raised its stake in RB Global by 57.1% during the third quarter. CIBC Asset Management Inc now owns 984,364 shares of the business services provider's stock worth $80,076,000 after purchasing an additional 357,761 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in shares of RB Global by 53.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 59,695 shares of the business services provider's stock valued at $4,805,000 after buying an additional 20,795 shares during the period. Finally, Diversified Trust Co raised its position in shares of RB Global by 48.9% in the 4th quarter. Diversified Trust Co now owns 63,119 shares of the business services provider's stock worth $5,694,000 after buying an additional 20,724 shares during the period. Hedge funds and other institutional investors own 95.37% of the company's stock.

RB Global Stock Up 0.5 %

Shares of NYSE:RBA traded up $0.45 during midday trading on Friday, reaching $90.33. The company had a trading volume of 694,688 shares, compared to its average volume of 625,115. The stock has a market capitalization of $16.69 billion, a P/E ratio of 49.09, a PEG ratio of 3.39 and a beta of 0.96. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.28 and a quick ratio of 1.17. RB Global, Inc. has a one year low of $60.84 and a one year high of $99.79. The stock's fifty day moving average price is $92.96 and its 200-day moving average price is $86.34.

RB Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 6th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, February 6th. RB Global's dividend payout ratio is currently 63.04%.

Analyst Ratings Changes

RBA has been the topic of a number of research reports. StockNews.com downgraded RB Global from a "buy" rating to a "hold" rating in a report on Wednesday, January 15th. Royal Bank of Canada boosted their price target on RB Global from $99.00 to $107.00 and gave the stock an "outperform" rating in a research report on Monday, November 11th. Robert W. Baird increased 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. CIBC upped their target price on shares of RB Global from $102.00 to $109.00 and gave the company an "outperformer" rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets lifted their price target 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. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $100.36.

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.