Values First Advisors Inc. Makes New $582,000 Investment in RB Global, Inc. (NYSE:RBA)

Values First Advisors Inc. bought a new position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,457 shares of the business services provider's stock, valued at approximately $582,000.

Several other hedge funds have also recently bought and sold shares of the business. Central Pacific Bank Trust Division bought a new stake in RB Global in the fourth quarter worth about $27,000. Versant Capital Management Inc boosted its position in 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 period. Geneos Wealth Management Inc. acquired a new position in shares of RB Global during the fourth quarter worth approximately $40,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of RB Global by 25.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 706 shares of the business services provider's stock valued at $64,000 after purchasing an additional 143 shares in the last quarter. Finally, Covestor Ltd raised its stake in shares of RB Global by 533.1% in the third quarter. Covestor Ltd now owns 804 shares of the business services provider's stock valued at $65,000 after purchasing an additional 677 shares in the last quarter. Hedge funds and other institutional investors own 95.37% of the company's stock.

Wall Street Analyst Weigh In

RBA has been the subject of a number of research reports. CIBC lowered their target price 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 boosted their price target on RB Global from $105.00 to $107.00 and gave the stock an "outperform" rating in a research report on Monday, November 11th. Robert W. Baird boosted their target price on RB Global from $86.00 to $100.00 and gave the stock an "outperform" rating in a report on Monday, November 11th. StockNews.com upgraded RB Global from a "hold" rating to a "buy" rating in a research report on Monday, January 27th. Finally, Royal Bank of Canada upped their price objective on RB Global from $99.00 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 issued a buy rating to the stock. According to MarketBeat, RB Global has a consensus rating of "Moderate Buy" and a consensus price target of $100.21.

RB Global Stock Up 0.4 %

RBA stock traded up $0.36 during midday trading on Friday, hitting $96.28. The company's stock had a trading volume of 1,104,261 shares, compared to its average volume of 952,394. The firm's 50-day moving average is $91.47 and its 200-day moving average is $87.68. The company has a market cap of $17.79 billion, a PE ratio of 52.33, a P/E/G ratio of 3.82 and a beta of 0.96. 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, Inc. has a 12 month low of $65.99 and a 12 month high of $99.79.

RB Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Friday, February 14th. RB Global's payout ratio is 63.04%.

About RB Global

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.