Versant Capital Management Inc Has $28,000 Stock Position in RB Global, Inc. (NYSE:RBA)

Versant Capital Management Inc increased its stake in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 136.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 305 shares of the business services provider’s stock after purchasing an additional 176 shares during the period. Versant Capital Management Inc’s holdings in RB Global were worth $28,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Victory Capital Management Inc. bought a new stake in shares of RB Global in the 2nd quarter valued at about $1,098,000. Acadian Asset Management LLC bought a new stake in RB Global in the second quarter valued at approximately $390,000. Caprock Group LLC acquired a new stake in RB Global in the second quarter worth $302,000. Oak Thistle LLC bought a new position in shares of RB Global during the second quarter worth $270,000. Finally, United Services Automobile Association acquired a new position in shares of RB Global in the 2nd quarter valued at $1,656,000. Institutional investors own 95.37% of the company’s stock.

RB Global Price Performance

Shares of RBA opened at $89.83 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.28 and a debt-to-equity ratio of 0.52. RB Global, Inc. has a twelve month low of $60.84 and a twelve month high of $99.79. The stock has a market capitalization of $16.59 billion, a P/E ratio of 48.82, a P/E/G ratio of 4.56 and a beta of 0.96. The company has a 50 day moving average of $92.86 and a 200-day moving average of $85.31.

RB Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Wednesday, November 27th. RB Global’s dividend payout ratio (DPR) is currently 63.04%.

Wall Street Analyst Weigh In

RBA has been the topic of several research analyst reports. BMO Capital Markets raised their price objective on RB Global from $105.00 to $107.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Royal Bank of Canada raised 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. CIBC boosted their price objective on RB Global from $102.00 to $109.00 and gave the company an “outperformer” rating in a research report on Thursday, December 12th. StockNews.com raised RB Global from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Robert W. Baird lifted their price target 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. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.36.

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.