CX Institutional Sells 480 Shares of RB Global, Inc. (NYSE:RBA)

CX Institutional trimmed its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 17,132 shares of the business services provider’s stock after selling 480 shares during the period. CX Institutional’s holdings in RB Global were worth $1,546,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in RBA. Central Pacific Bank Trust Division acquired a new stake in RB Global during the fourth quarter valued at approximately $27,000. Versant Capital Management Inc boosted its stake in RB Global by 136.4% in the 4th quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock valued at $28,000 after buying an additional 176 shares in the last quarter. UMB Bank n.a. grew its position 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 acquiring an additional 388 shares during the period. Quarry LP bought a new stake in RB Global in the second quarter valued at $53,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake 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 acquiring an additional 143 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

RB Global Trading Up 0.5 %

RBA stock opened at $90.33 on Friday. The business has a fifty day moving average of $92.96 and a 200-day moving average of $86.34. The company has a market cap of $16.69 billion, a P/E ratio of 49.09, a PEG ratio of 3.39 and a beta of 0.96. RB Global, Inc. has a twelve month low of $60.84 and a twelve month high of $99.79. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, February 6th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Thursday, February 6th. RB Global’s dividend payout ratio (DPR) is presently 63.04%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RBA. BMO Capital Markets upped their target price 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. StockNews.com lowered shares of RB Global from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. CIBC boosted their target price on RB Global from $102.00 to $109.00 and gave the stock an “outperformer” rating in a report on Thursday, December 12th. Robert W. Baird raised their price target on RB Global from $86.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Finally, Royal Bank of Canada boosted their price objective on RB Global from $99.00 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.