RB Global, Inc. (NYSE:RBA) Shares Purchased by Diversified Trust Co

Diversified Trust Co boosted its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 48.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,119 shares of the business services provider’s stock after acquiring an additional 20,724 shares during the quarter. Diversified Trust Co’s holdings in RB Global were worth $5,694,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Weil Company Inc. increased its position in shares of RB Global by 1.2% during the 3rd quarter. Weil Company Inc. now owns 11,330 shares of the business services provider’s stock worth $912,000 after purchasing an additional 132 shares during the last quarter. Blue Trust Inc. increased its position in shares of RB Global by 11.9% during the third quarter. Blue Trust Inc. now owns 1,478 shares of the business services provider’s stock valued at $113,000 after acquiring an additional 157 shares during the last quarter. Versant Capital Management Inc raised its stake 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 valued at $28,000 after acquiring an additional 176 shares during the period. CWM LLC raised its position in RB Global by 6.3% in 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. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in RB Global by 30.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,020 shares of the business services provider’s stock worth $78,000 after purchasing an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on RBA shares. 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 boosted their price target on shares of RB Global from $86.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. CIBC raised their price objective on shares of RB Global from $102.00 to $109.00 and gave the company an “outperformer” rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets lifted their price objective on shares of RB Global from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $100.36.

RB Global Stock Performance

Shares of RBA stock traded down $0.56 during midday trading on Tuesday, hitting $90.85. The company had a trading volume of 90,586 shares, compared to its average volume of 515,677. The stock has a market cap of $16.78 billion, a price-to-earnings ratio of 49.38, a PEG ratio of 4.56 and a beta of 0.96. 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 company’s 50 day simple moving average is $92.79 and its 200 day simple moving average is $85.22. RB Global, Inc. has a 52-week low of $60.84 and a 52-week high of $99.79.

RB Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were paid a $0.29 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $1.16 annualized dividend and a yield of 1.28%. RB Global’s dividend payout ratio is currently 63.04%.

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.