City Center Advisors LLC Takes Position in RB Global, Inc. (NYSE:RBA)

City Center Advisors LLC purchased a new position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,750 shares of the business services provider’s stock, valued at approximately $338,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Weil Company Inc. raised its position in shares of RB Global by 1.2% in the 3rd quarter. Weil Company Inc. now owns 11,330 shares of the business services provider’s stock valued at $912,000 after purchasing an additional 132 shares in the last quarter. Blue Trust Inc. raised its holdings in 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 acquiring an additional 157 shares in the last quarter. Versant Capital Management Inc raised its holdings in RB Global by 136.4% in the fourth quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 176 shares in the last quarter. CWM LLC boosted its stake in RB Global by 6.3% during the 3rd quarter. CWM LLC now owns 3,956 shares of the business services provider’s stock valued at $318,000 after acquiring an additional 235 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in RB Global by 30.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,020 shares of the business services provider’s stock worth $78,000 after acquiring an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

RB Global Stock Performance

RBA stock opened at $88.75 on Monday. RB Global, Inc. has a 1 year low of $60.84 and a 1 year high of $99.79. The stock has a market capitalization of $16.39 billion, a price-to-earnings ratio of 48.23, a PEG ratio of 4.56 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. The stock’s fifty day moving average is $93.12 and its two-hundred day moving average is $85.50.

RB Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were given a $0.29 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $1.16 annualized dividend and a yield of 1.31%. RB Global’s dividend payout ratio is presently 63.04%.

Analyst Upgrades and Downgrades

RBA has been the topic of several research analyst reports. CIBC increased 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. Royal Bank of Canada increased their target price on RB Global from $99.00 to $107.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Robert W. Baird boosted 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. BMO Capital Markets upped their price target on RB Global from $105.00 to $107.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, StockNews.com raised shares of RB Global from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average 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.