Avior Wealth Management LLC Lowers Stock Holdings in RB Global, Inc. (NYSE:RBA)

Avior Wealth Management LLC trimmed its position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,214 shares of the business services provider’s stock after selling 400 shares during the quarter. Avior Wealth Management LLC’s holdings in RB Global were worth $1,192,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of RBA. Renaissance Technologies LLC lifted its holdings in shares of RB Global by 468.3% in the second quarter. Renaissance Technologies LLC now owns 48,784 shares of the business services provider’s stock worth $3,725,000 after buying an additional 40,200 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in RB Global by 132.0% in the second quarter. Canada Pension Plan Investment Board now owns 28,300 shares of the business services provider’s stock valued at $2,158,000 after purchasing an additional 16,100 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in RB Global in the second quarter valued at approximately $3,390,000. Profund Advisors LLC purchased a new stake in RB Global in the second quarter valued at approximately $407,000. Finally, ProShare Advisors LLC purchased a new stake in RB Global in the second quarter valued at approximately $662,000. 95.37% of the stock is owned by hedge funds and other institutional investors.

RB Global Stock Up 0.5 %

Shares of NYSE RBA opened at $90.33 on Friday. RB Global, Inc. has a one year low of $60.84 and a one year high of $99.79. 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 firm’s 50 day simple moving average is $92.96 and its two-hundred day simple moving average is $86.34. The stock has a market capitalization of $16.69 billion, a P/E ratio of 49.09, a PEG ratio of 3.39 and a beta of 0.96.

RB Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, February 6th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, February 6th. RB Global’s dividend payout ratio is 63.04%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RBA shares. Robert W. Baird raised their target price on shares of RB Global from $86.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. StockNews.com downgraded shares of RB Global from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. CIBC raised their target price on shares of RB Global from $102.00 to $109.00 and gave the company an “outperformer” rating in a research note on Thursday, December 12th. Royal Bank of Canada increased their price target on shares of RB Global from $99.00 to $107.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, BMO Capital Markets increased 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. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $100.36.

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.