Marks Group Wealth Management Inc Has $8.99 Million Stock Holdings in RB Global, Inc. (NYSE:RBA)

Marks Group Wealth Management Inc cut its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 99,664 shares of the business services provider’s stock after selling 3,950 shares during the period. Marks Group Wealth Management Inc owned 0.05% of RB Global worth $8,991,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in RBA. Central Pacific Bank Trust Division acquired a new position in shares of RB Global in the fourth quarter valued at $27,000. Versant Capital Management Inc raised 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 valued at $28,000 after acquiring an additional 176 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in RB Global in the fourth quarter worth $40,000. UMB Bank n.a. lifted its position in RB Global by 196.0% during the 3rd quarter. UMB Bank n.a. now owns 586 shares of the business services provider’s stock worth $47,000 after buying an additional 388 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of RB Global by 25.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 706 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 143 shares during the last quarter. 95.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. StockNews.com upgraded RB Global from a “hold” rating to a “buy” rating in a report on Monday, January 27th. CIBC decreased their price target on shares of RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a report on Monday, February 3rd. BMO Capital Markets increased their target price 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 lifted their price target on RB Global from $99.00 to $107.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, Robert W. Baird boosted 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. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $100.21.

RB Global Stock Up 0.3 %

Shares of RBA stock opened at $93.79 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.17 and a current ratio of 1.28. RB Global, Inc. has a 52-week low of $65.79 and a 52-week high of $99.79. The firm’s 50-day moving average is $91.60 and its 200-day moving average is $87.40. The stock has a market cap of $17.32 billion, a price-to-earnings ratio of 50.97, a PEG ratio of 3.82 and a beta of 0.96.

RB Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Friday, February 14th. RB Global’s dividend payout ratio is presently 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.