RB Global, Inc. (NYSE:RBA) Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 9.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,451,146 shares of the business services provider’s stock after purchasing an additional 753,700 shares during the quarter. RB Global makes up about 2.6% of Vontobel Holding Ltd.’s holdings, making the stock its 6th biggest position. Vontobel Holding Ltd. owned approximately 4.57% of RB Global worth $762,378,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of RBA. State Street Corp raised its stake in shares of RB Global by 2.1% in the 3rd quarter. State Street Corp now owns 5,045,188 shares of the business services provider’s stock valued at $406,087,000 after acquiring an additional 103,080 shares in the last quarter. Geode Capital Management LLC grew its holdings in RB Global by 3.0% during the third quarter. Geode Capital Management LLC now owns 3,702,381 shares of the business services provider’s stock valued at $297,400,000 after purchasing an additional 108,188 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of RB Global by 0.7% in the third quarter. Janus Henderson Group PLC now owns 3,383,191 shares of the business services provider’s stock valued at $272,293,000 after purchasing an additional 24,101 shares during the period. Fiera Capital Corp lifted its stake in shares of RB Global by 4.1% in the fourth quarter. Fiera Capital Corp now owns 3,216,507 shares of the business services provider’s stock worth $290,000,000 after buying an additional 125,275 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of RB Global by 17.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,435,191 shares of the business services provider’s stock worth $196,109,000 after buying an additional 354,803 shares during the period. Institutional investors own 95.37% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on RBA. CIBC dropped their target price on shares of RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a report on Monday, February 3rd. BMO Capital Markets lifted their price objective on RB Global from $105.00 to $107.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Royal Bank of Canada increased their target price on RB Global from $99.00 to $107.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. StockNews.com raised RB Global from a “hold” rating to a “buy” rating in a research report on Monday, January 27th. Finally, Robert W. Baird increased their price objective on RB Global from $86.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $100.21.

RB Global Price Performance

Shares of NYSE:RBA opened at $95.89 on Friday. The firm has a market capitalization of $17.71 billion, a PE ratio of 52.11, a PEG ratio of 3.82 and a beta of 0.96. The company has a current ratio of 1.28, a quick ratio of 1.17 and a debt-to-equity ratio of 0.52. RB Global, Inc. has a 1-year low of $65.99 and a 1-year high of $99.79. The business’s 50 day moving average is $91.51 and its 200-day moving average is $87.44.

RB Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.21%. RB Global’s dividend payout ratio is currently 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.