Arlington Partners LLC Has $4.21 Million Holdings in RB Global, Inc. (NYSE:RBA)

Arlington Partners LLC lessened its stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,680 shares of the business services provider’s stock after selling 2,500 shares during the quarter. RB Global comprises 1.6% of Arlington Partners LLC’s investment portfolio, making the stock its 29th biggest position. Arlington Partners LLC’s holdings in RB Global were worth $4,211,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Weil Company Inc. raised its stake in RB Global by 1.2% in the third quarter. Weil Company Inc. now owns 11,330 shares of the business services provider’s stock valued at $912,000 after purchasing an additional 132 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in 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 worth $64,000 after acquiring an additional 143 shares in the last quarter. Blue Trust Inc. raised its stake in RB Global by 11.9% during the third quarter. Blue Trust Inc. now owns 1,478 shares of the business services provider’s stock worth $113,000 after acquiring an additional 157 shares in the last quarter. Versant Capital Management Inc raised its stake in RB Global by 136.4% during the fourth 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 in the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in RB Global by 2.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 9,049 shares of the business services provider’s stock worth $816,000 after acquiring an additional 225 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on RBA shares. BMO Capital Markets boosted 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 boosted their target price on RB Global from $99.00 to $107.00 and gave the stock 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 note on Monday, January 27th. CIBC lowered their price objective on RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a research note on Monday, February 3rd. Finally, Robert W. Baird upped their price objective on RB Global from $86.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, RB Global presently has a consensus rating of “Moderate Buy” and an average price target of $100.21.

RB Global Stock Performance

Shares of RBA stock opened at $92.76 on Monday. The business’s 50 day simple moving average is $91.74 and its 200 day simple moving average is $87.19. RB Global, Inc. has a one year low of $65.79 and a one year high of $99.79. The stock has a market capitalization of $17.14 billion, a PE ratio of 50.41, a PEG 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 business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Friday, February 14th. RB Global’s 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.