Trust Point Inc. Has $2.43 Million Stock Position in RB Global, Inc. (NYSE:RBA)

Trust Point Inc. lowered its stake in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,926 shares of the business services provider’s stock after selling 2,210 shares during the period. Trust Point Inc.’s holdings in RB Global were worth $2,429,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in RBA. Central Pacific Bank Trust Division acquired a new position in shares of RB Global during the fourth quarter valued at about $27,000. Versant Capital Management Inc raised its holdings in shares of RB Global by 136.4% in the 4th quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock worth $28,000 after acquiring an additional 176 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of RB Global in the 4th quarter worth about $40,000. UMB Bank n.a. raised its holdings in shares of RB Global by 196.0% in the 3rd quarter. UMB Bank n.a. now owns 586 shares of the business services provider’s stock worth $47,000 after acquiring an additional 388 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of RB Global by 25.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 706 shares of the business services provider’s stock worth $64,000 after acquiring an additional 143 shares during the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada upped their price objective on shares of RB Global from $99.00 to $107.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. StockNews.com raised shares of RB Global from a “hold” rating to a “buy” rating in a research report on Monday, January 27th. 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. CIBC reduced their price objective on shares of RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a research report on Monday. Finally, BMO Capital Markets upped their price objective on shares of RB Global from $105.00 to $107.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $100.21.

RB Global Stock Performance

NYSE RBA opened at $88.46 on Tuesday. RB Global, Inc. has a 52-week low of $63.13 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 capitalization of $16.34 billion, a P/E ratio of 48.07, a P/E/G ratio of 3.73 and a beta of 0.96. The company has a fifty day moving average of $92.32 and a 200-day moving average of $86.89.

RB Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 6th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.31%. The ex-dividend date is Thursday, February 6th. RB Global’s dividend payout ratio 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.