Summit Trail Advisors LLC Has $279,000 Stock Holdings in RB Global, Inc. (NYSE:RBA)

Summit Trail Advisors LLC increased its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 4.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,089 shares of the business services provider’s stock after purchasing 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 quarter.

A number of other hedge funds have also added to or reduced their stakes in RBA. Central Pacific Bank Trust Division bought a new stake in shares of RB Global in the 4th quarter valued at $27,000. Versant Capital Management Inc grew its holdings in 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 during the period. Geneos Wealth Management Inc. bought a new stake in RB Global in the fourth quarter valued at $40,000. MassMutual Private Wealth & Trust FSB raised its holdings 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 period. Finally, Covestor Ltd boosted its position in shares of RB Global by 533.1% during the 3rd quarter. Covestor Ltd now owns 804 shares of the business services provider’s stock worth $65,000 after purchasing an additional 677 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RBA. Royal Bank of Canada upped their price target on RB Global from $99.00 to $107.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. CIBC lowered their target price 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. BMO Capital Markets lifted their price target 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 upped their price objective on shares of RB Global from $86.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Finally, StockNews.com upgraded shares of RB Global from a “hold” rating to a “buy” rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $100.21.

RB Global Trading Up 0.2 %

NYSE RBA opened at $94.02 on Thursday. The business’s fifty day moving average is $91.51 and its 200-day moving average is $87.44. 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 stock has a market capitalization of $17.37 billion, a price-to-earnings ratio of 51.10, a PEG ratio of 3.82 and a beta of 0.96. RB Global, Inc. has a one year low of $65.79 and a one year high of $99.79.

RB Global Dividend Announcement

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