City Center Advisors LLC Acquires New Holdings in RB Global, Inc. (NYSE:RBA)

City Center Advisors LLC bought a new stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) in the fourth quarter, Holdings Channel reports. The fund bought 3,750 shares of the business services provider’s stock, valued at approximately $338,000.

Several other large investors have also recently bought and sold shares of the stock. Diversified Trust Co boosted its holdings in shares of RB Global by 48.9% in the fourth quarter. Diversified Trust Co now owns 63,119 shares of the business services provider’s stock valued at $5,694,000 after acquiring an additional 20,724 shares in the last quarter. Oliver Luxxe Assets LLC boosted its stake in RB Global by 5.7% during the 4th quarter. Oliver Luxxe Assets LLC now owns 28,073 shares of the business services provider’s stock valued at $2,532,000 after purchasing an additional 1,520 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of RB Global during the 4th quarter valued at $27,000. Everence Capital Management Inc. bought a new stake in shares of RB Global in the 4th quarter worth $447,000. Finally, Versant Capital Management Inc lifted its holdings in shares of 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 buying an additional 176 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s stock.

RB Global Stock Down 1.8 %

Shares of NYSE:RBA opened at $88.75 on Monday. The firm has a 50 day simple moving average of $93.12 and a 200 day simple moving average of $85.50. RB Global, Inc. has a 52 week low of $60.84 and a 52 week high of $99.79. 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 company has a market cap of $16.39 billion, a PE ratio of 48.23, a price-to-earnings-growth ratio of 4.56 and a beta of 0.96.

RB Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Wednesday, November 27th. RB Global’s dividend payout ratio is currently 63.04%.

Analyst Ratings Changes

RBA has been the topic of a number of research analyst reports. BMO Capital Markets lifted their target price on RB Global from $105.00 to $107.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Royal Bank of Canada lifted their price objective on shares of RB Global from $99.00 to $107.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. StockNews.com raised shares of RB Global from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Robert W. Baird lifted their price target on shares of RB Global from $86.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Finally, CIBC increased 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. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.