Values First Advisors Inc. Purchases Shares of 6,457 RB Global, Inc. (NYSE:RBA)

Values First Advisors Inc. purchased a new stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,457 shares of the business services provider’s stock, valued at approximately $582,000.

Several other institutional investors and hedge funds also recently modified their holdings of RBA. Summit Trail Advisors LLC lifted its stake in RB Global by 4.6% in the 4th quarter. Summit Trail Advisors LLC now owns 3,089 shares of the business services provider’s stock valued at $279,000 after acquiring an additional 137 shares in the last quarter. Stephens Inc. AR grew its stake in shares of RB Global by 26.6% during the 4th quarter. Stephens Inc. AR now owns 4,097 shares of the business services provider’s stock worth $370,000 after acquiring an additional 860 shares in the last quarter. Cidel Asset Management Inc. raised its holdings in shares of RB Global by 0.3% in the fourth quarter. Cidel Asset Management Inc. now owns 681,212 shares of the business services provider’s stock valued at $61,452,000 after purchasing an additional 2,344 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. lifted its position in shares of RB Global by 1.5% in the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 45,363 shares of the business services provider’s stock worth $4,092,000 after purchasing an additional 667 shares in the last quarter. Finally, Choreo LLC acquired a new position in RB Global during the fourth quarter worth $735,000. 95.37% of the stock is owned by institutional investors and hedge funds.

RB Global Trading Up 0.2 %

Shares of NYSE:RBA opened at $94.02 on Thursday. RB Global, Inc. has a 52-week low of $65.79 and a 52-week high of $99.79. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.17 and a current ratio of 1.28. The company has a market capitalization of $17.37 billion, a P/E ratio of 51.10, a price-to-earnings-growth ratio of 3.82 and a beta of 0.96. The company has a 50-day simple moving average of $91.51 and a 200 day simple moving average of $87.44.

RB Global Announces Dividend

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

Wall Street Analysts Forecast Growth

RBA has been the subject of a number of analyst reports. BMO Capital Markets raised their target price on shares of RB Global from $105.00 to $107.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Robert W. Baird raised their price objective on RB Global from $86.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Royal Bank of Canada lifted their target price on RB Global from $99.00 to $107.00 and gave the company an “outperform” rating in a research report 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, CIBC lowered their price target on RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $100.21.

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.