Triasima Portfolio Management inc. Has $4.86 Million Holdings in RB Global, Inc. (NYSE:RBA)

Triasima Portfolio Management inc. lowered its stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 4.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,823 shares of the business services provider’s stock after selling 2,585 shares during the period. Triasima Portfolio Management inc.’s holdings in RB Global were worth $4,855,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in RBA. Central Pacific Bank Trust Division acquired a new stake in shares of RB Global in the fourth quarter worth about $27,000. Versant Capital Management Inc lifted its position in shares of 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 buying an additional 176 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of RB Global during the 4th quarter worth about $40,000. UMB Bank n.a. lifted its position in shares of RB Global by 196.0% during the 3rd quarter. UMB Bank n.a. now owns 586 shares of the business services provider’s stock worth $47,000 after purchasing an additional 388 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position 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 worth $64,000 after purchasing an additional 143 shares during the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on RBA shares. Robert W. Baird boosted their price objective on RB Global from $86.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. BMO Capital Markets boosted their price objective on RB Global from $105.00 to $107.00 and gave the stock 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. Royal Bank of Canada boosted their price objective on RB Global from $99.00 to $107.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Finally, CIBC cut their price target on RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a report on Monday. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $100.21.

RB Global Trading Up 2.7 %

RB Global stock opened at $91.50 on Friday. The business has a 50 day moving average price of $91.84 and a two-hundred day moving average price of $87.00. The company has a quick ratio of 1.17, a current ratio of 1.28 and a debt-to-equity ratio of 0.52. The stock has a market cap of $16.90 billion, a price-to-earnings ratio of 49.73, a price-to-earnings-growth ratio of 3.73 and a beta of 0.96. RB Global, Inc. has a 12 month low of $65.79 and a 12 month high of $99.79.

RB Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.27%. RB Global’s dividend payout ratio is currently 63.04%.

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.