Summit Trail Advisors LLC Purchases 137 Shares of RB Global, Inc. (NYSE:RBA)

Summit Trail Advisors LLC grew its position in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,089 shares of the business services provider’s stock after buying an additional 137 shares during the period. Summit Trail Advisors LLC’s holdings in RB Global were worth $279,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Central Pacific Bank Trust Division purchased a new stake in RB Global during the fourth quarter valued at about $27,000. Versant Capital Management Inc increased its stake in shares of RB Global by 136.4% in 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 in the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of RB Global in the fourth quarter valued at approximately $40,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of 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 valued at $64,000 after buying an additional 143 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in RB Global by 533.1% in the 3rd quarter. Covestor Ltd now owns 804 shares of the business services provider’s stock worth $65,000 after buying an additional 677 shares during the period. Institutional investors own 95.37% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Royal Bank of Canada increased their price objective on RB Global from $99.00 to $107.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Robert W. Baird raised their price objective on shares of RB Global from $86.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. BMO Capital Markets boosted their price objective 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. StockNews.com raised shares of RB Global from a “hold” rating to a “buy” rating in a report on Monday, January 27th. Finally, CIBC decreased their price target 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. One investment 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $100.21.

RB Global Price Performance

RBA stock opened at $94.02 on Thursday. RB Global, Inc. has a one year low of $65.79 and a one year high of $99.79. The firm has a 50 day simple moving average of $91.51 and a two-hundred day simple moving average of $87.44. The stock has a market cap of $17.37 billion, a PE ratio of 51.10, a P/E/G ratio of 3.82 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.

RB Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, February 14th. RB Global’s payout ratio is currently 63.04%.

RB Global Company 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.