RB Global, Inc. (NYSE:RBA) Shares Bought by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC boosted its stake in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,073 shares of the business services provider’s stock after purchasing an additional 1,520 shares during the period. Oliver Luxxe Assets LLC’s holdings in RB Global were worth $2,532,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Weil Company Inc. boosted its position in RB Global by 1.2% in the third quarter. Weil Company Inc. now owns 11,330 shares of the business services provider’s stock valued at $912,000 after buying an additional 132 shares during the last quarter. Advisor OS LLC boosted its holdings in shares of RB Global by 1.9% in the 2nd quarter. Advisor OS LLC now owns 8,352 shares of the business services provider’s stock valued at $638,000 after acquiring an additional 156 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 worth $113,000 after acquiring an additional 157 shares during the period. Versant Capital Management Inc raised its holdings in shares of RB Global by 136.4% during the fourth 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. Finally, CWM LLC lifted its position in RB Global by 6.3% during the third quarter. CWM LLC now owns 3,956 shares of the business services provider’s stock valued at $318,000 after purchasing an additional 235 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s stock.

RB Global Price Performance

NYSE RBA traded down $0.60 during mid-day trading on Monday, hitting $91.62. The stock had a trading volume of 396,868 shares, compared to its average volume of 543,888. RB Global, Inc. has a twelve month low of $60.84 and a twelve month high of $99.79. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.28 and a quick ratio of 1.17. The firm’s 50 day moving average is $92.69 and its 200 day moving average is $85.09. The stock has a market capitalization of $16.92 billion, a price-to-earnings ratio of 49.79, a PEG ratio of 4.56 and a beta of 0.95.

RB Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Wednesday, November 27th. RB Global’s payout ratio is currently 63.04%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Royal Bank of Canada boosted their price objective on RB Global from $99.00 to $107.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Robert W. Baird upped their price objective on RB Global from $86.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. CIBC raised their price objective on shares of RB Global from $102.00 to $109.00 and gave the stock an “outperformer” rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets boosted their target price on shares of RB Global from $105.00 to $107.00 and gave the company 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.