RB Global, Inc. (NYSE:RBA) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC cut its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 20.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,885 shares of the business services provider’s stock after selling 1,551 shares during the quarter. Sanctuary Advisors LLC’s holdings in RB Global were worth $474,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. increased its holdings in 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 in the last quarter. Quarry LP purchased a new stake in shares of RB Global in the second quarter valued at $53,000. Covestor Ltd increased its stake in 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 during the last quarter. Hollencrest Capital Management lifted its position in RB Global by 99.8% during the third quarter. Hollencrest Capital Management now owns 875 shares of the business services provider’s stock worth $70,000 after buying an additional 437 shares during the period. Finally, Wolverine Asset Management LLC boosted its stake in RB Global by 379.1% in the 3rd quarter. Wolverine Asset Management LLC now owns 1,011 shares of the business services provider’s stock worth $81,000 after buying an additional 800 shares during the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. BMO Capital Markets increased their price objective 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 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 note on Monday, November 11th. Royal Bank of Canada raised their price objective on RB Global from $99.00 to $107.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Finally, CIBC upped their price target on shares of RB Global from $102.00 to $109.00 and gave the stock an “outperformer” rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.36.

RB Global Trading Up 0.6 %

Shares of RBA opened at $91.47 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.17 and a current ratio of 1.28. RB Global, Inc. has a one year low of $60.84 and a one year high of $99.79. The stock has a 50-day moving average price of $91.76 and a 200 day moving average price of $84.56. The company has a market capitalization of $16.87 billion, a P/E ratio of 49.71, a P/E/G ratio of 4.56 and a beta of 0.95.

RB Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Wednesday, November 27th. RB Global’s 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.