Blue Trust Inc. Purchases 351 Shares of RB Global, Inc. (NYSE:RBA)

Blue Trust Inc. raised its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 23.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,829 shares of the business services provider’s stock after acquiring an additional 351 shares during the quarter. Blue Trust Inc.’s holdings in RB Global were worth $165,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Central Pacific Bank Trust Division bought a new stake in RB Global during the fourth quarter worth $27,000. Versant Capital Management Inc increased 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 buying an additional 176 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in RB Global in the fourth quarter valued at approximately $40,000. UMB Bank n.a. lifted its position in shares of 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 during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in RB Global by 25.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 706 shares of the business services provider’s stock worth $64,000 after purchasing an additional 143 shares during the period. Institutional investors own 95.37% of the company’s stock.

Analyst Ratings Changes

RBA has been the topic of several research analyst reports. Robert W. Baird increased their price target 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. Royal Bank of Canada upped their price objective on RB Global from $99.00 to $107.00 and gave the company an “outperform” rating in a report on Monday, November 11th. CIBC dropped their price objective on shares of RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a research note on Monday. StockNews.com upgraded RB Global from a “hold” rating to a “buy” rating in a research report on Monday, January 27th. Finally, BMO Capital Markets raised their target price on shares of RB Global from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Monday, November 11th. One investment 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.21.

RB Global Stock Performance

NYSE RBA opened at $88.58 on Wednesday. The company has a market capitalization of $16.36 billion, a PE ratio of 48.14, a price-to-earnings-growth ratio of 3.73 and a beta of 0.96. 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 52-week low of $63.13 and a 52-week high of $99.79. The company has a 50-day simple moving average of $92.14 and a 200 day simple moving average of $86.96.

RB Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 6th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, February 6th. This represents a $1.16 dividend on an annualized basis and a yield of 1.31%. RB Global’s dividend payout ratio is presently 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.