RB Global, Inc. (NYSE:RBA) Shares Sold by Park Place Capital Corp

Park Place Capital Corp lessened its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 17.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,052 shares of the business services provider’s stock after selling 230 shares during the quarter. Park Place Capital Corp’s holdings in RB Global were worth $95,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of RBA. Weil Company Inc. increased its stake in shares of RB Global by 1.2% in the third quarter. Weil Company Inc. now owns 11,330 shares of the business services provider’s stock worth $912,000 after acquiring an additional 132 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in RB Global by 25.4% during the 4th 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. Blue Trust Inc. raised its stake in shares of RB Global by 11.9% during the 3rd 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 last quarter. Versant Capital Management Inc raised its stake in shares of RB Global by 136.4% during 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 during the last quarter. Finally, CWM LLC lifted its holdings in shares of RB Global by 6.3% in the 3rd quarter. CWM LLC now owns 3,956 shares of the business services provider’s stock valued at $318,000 after buying an additional 235 shares during the period. 95.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RBA has been the subject of several recent research reports. BMO Capital Markets lifted 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. Royal Bank of Canada increased 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. StockNews.com cut shares of RB Global from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. Robert W. Baird upped their price objective 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 raised their target price on RB Global from $102.00 to $109.00 and gave the company an “outperformer” rating in a research report on Thursday, December 12th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $100.36.

RB Global Stock Down 1.0 %

RBA opened at $89.95 on Thursday. 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, Inc. has a twelve month low of $60.84 and a twelve month high of $99.79. The company has a market cap of $16.62 billion, a PE ratio of 48.89, a price-to-earnings-growth ratio of 3.42 and a beta of 0.96. The company has a 50-day moving average price of $93.06 and a 200 day moving average price of $86.22.

RB Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, February 6th will be given a $0.29 dividend. The ex-dividend date is Thursday, February 6th. This represents a $1.16 annualized dividend and a dividend yield of 1.29%. RB Global’s dividend payout ratio (DPR) 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.