Pacer Advisors Inc. Acquires 14,253 Shares of RB Global, Inc. (NYSE:RBA)

Pacer Advisors Inc. increased its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 52.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 41,359 shares of the business services provider’s stock after buying an additional 14,253 shares during the period. Pacer Advisors Inc.’s holdings in RB Global were worth $3,731,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Weil Company Inc. boosted its position in RB Global by 1.2% during 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 lifted its holdings in shares of RB Global by 25.4% during the 4th 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. Blue Trust Inc. boosted its position in shares of RB Global by 11.9% in the 3rd quarter. Blue Trust Inc. now owns 1,478 shares of the business services provider’s stock worth $113,000 after purchasing an additional 157 shares in the last quarter. Versant Capital Management Inc grew its stake in RB Global by 136.4% during the 4th quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock worth $28,000 after buying an additional 176 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in RB Global by 2.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 9,049 shares of the business services provider’s stock valued at $816,000 after buying an additional 225 shares during the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on RBA. BMO Capital Markets boosted their price target 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 upped 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 shares of RB Global from a “hold” rating to a “buy” rating in a research report on Monday. CIBC upped their price objective on shares of RB Global from $102.00 to $109.00 and gave the company an “outperformer” rating in a report on Thursday, December 12th. Finally, Robert W. Baird boosted their target price on shares of RB Global from $86.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $100.36.

RB Global Stock Performance

RBA opened at $91.05 on Friday. The firm has a fifty day moving average price of $92.69 and a 200 day moving average price of $86.69. 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, Inc. has a 1 year low of $63.13 and a 1 year high of $99.79. The stock has a market cap of $16.82 billion, a P/E ratio of 49.48, a P/E/G ratio of 3.39 and a beta of 0.96.

RB Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 6th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, February 6th. This represents a $1.16 dividend on an annualized basis and a yield of 1.27%. RB Global’s dividend payout ratio is currently 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.