Marks Group Wealth Management Inc Sells 3,950 Shares of RB Global, Inc. (NYSE:RBA)

Marks Group Wealth Management Inc cut its stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,664 shares of the business services provider’s stock after selling 3,950 shares during the period. Marks Group Wealth Management Inc’s holdings in RB Global were worth $8,991,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of RBA. Weil Company Inc. lifted its stake in RB Global by 1.2% during the third quarter. Weil Company Inc. now owns 11,330 shares of the business services provider’s stock worth $912,000 after purchasing an additional 132 shares during the last quarter. Summit Trail Advisors LLC grew its holdings in RB Global by 4.6% during the 4th quarter. Summit Trail Advisors LLC now owns 3,089 shares of the business services provider’s stock worth $279,000 after acquiring an additional 137 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew 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 worth $64,000 after purchasing an additional 143 shares during the last quarter. Blue Trust Inc. increased its stake in shares of RB Global by 11.9% in the third quarter. Blue Trust Inc. now owns 1,478 shares of the business services provider’s stock valued at $113,000 after buying an additional 157 shares during the period. Finally, Versant Capital Management Inc raised its holdings in RB Global by 136.4% during the 4th 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 last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

RB Global Price Performance

RBA stock opened at $93.79 on Wednesday. The stock has a market cap of $17.32 billion, a PE ratio of 50.97, a P/E/G ratio of 3.82 and a beta of 0.96. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.28 and a quick ratio of 1.17. RB Global, Inc. has a one year low of $65.79 and a one year high of $99.79. The firm has a 50 day simple moving average of $91.60 and a two-hundred day simple moving average of $87.40.

RB Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Friday, February 14th. RB Global’s dividend payout ratio is currently 63.04%.

Analyst Ratings Changes

Several research firms have recently weighed in on RBA. BMO Capital Markets lifted their price objective on RB Global from $105.00 to $107.00 and gave the stock an “outperform” rating in a research 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 on the stock in a research note on Monday, February 3rd. StockNews.com raised RB Global from a “hold” rating to a “buy” rating in a research report on Monday, January 27th. Robert W. Baird increased 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. Finally, Royal Bank of Canada boosted their price target on shares of RB Global from $99.00 to $107.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $100.21.

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.