Running Oak Capital LLC Increases Holdings in RB Global, Inc. (NYSE:RBA)

Running Oak Capital LLC grew its stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 161,773 shares of the business services provider’s stock after acquiring an additional 7,391 shares during the quarter. RB Global accounts for 1.9% of Running Oak Capital LLC’s portfolio, making the stock its 11th biggest holding. Running Oak Capital LLC’s holdings in RB Global were worth $14,594,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Central Pacific Bank Trust Division bought a new position in RB Global in the 4th quarter worth about $27,000. Versant Capital Management Inc increased 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 valued at $28,000 after purchasing an additional 176 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in RB Global in the fourth quarter worth about $40,000. UMB Bank n.a. lifted its stake in shares of RB Global by 196.0% in the third quarter. UMB Bank n.a. now owns 586 shares of the business services provider’s stock worth $47,000 after buying an additional 388 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of RB Global during the second quarter valued at approximately $53,000. 95.37% of the stock is owned by hedge funds and other institutional investors.

RB Global Stock Up 0.5 %

RBA stock opened at $90.33 on Friday. The company has a market cap of $16.69 billion, a price-to-earnings ratio of 49.09, a P/E/G ratio of 3.39 and a beta of 0.96. 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 business’s 50-day moving average is $92.96 and its two-hundred day moving average is $86.34. RB Global, Inc. has a fifty-two week low of $60.84 and a fifty-two week high of $99.79.

RB Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, February 6th will be paid 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 (DPR) is presently 63.04%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. BMO Capital Markets upped their price objective on RB Global from $105.00 to $107.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. StockNews.com downgraded RB Global from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. Royal Bank of Canada lifted their price objective on RB Global from $99.00 to $107.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Robert W. Baird upped 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. Finally, CIBC raised their price target 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, RB Global has an average rating of “Moderate Buy” and a consensus target price of $100.36.

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.