Versant Capital Management Inc Has $28,000 Stock Position in RB Global, Inc. (NYSE:RBA)

Versant Capital Management Inc increased its stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 136.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 305 shares of the business services provider’s stock after purchasing an additional 176 shares during the quarter. Versant Capital Management Inc’s holdings in RB Global were worth $28,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. bought a new stake in RB Global during the second quarter worth $1,098,000. Acadian Asset Management LLC bought a new stake in shares of RB Global in the 2nd quarter valued at about $390,000. Caprock Group LLC acquired a new stake in RB Global in the 2nd quarter valued at about $302,000. Oak Thistle LLC bought a new position in RB Global during the second quarter worth about $270,000. Finally, United Services Automobile Association acquired a new position in RB Global during the second quarter worth approximately $1,656,000. 95.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

RBA has been the subject of a number of recent analyst reports. BMO Capital Markets raised 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. Royal Bank of Canada lifted their price objective on shares of RB Global from $99.00 to $107.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. StockNews.com upgraded shares of RB Global from a “hold” rating to a “buy” rating in a research note on Tuesday. CIBC upped their price target 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. Finally, Robert W. Baird raised their price objective on shares of RB Global from $86.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. 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, RB Global presently has an average rating of “Moderate Buy” and a consensus target price of $100.36.

RB Global Price Performance

NYSE:RBA opened at $89.83 on Wednesday. RB Global, Inc. has a 52 week low of $60.84 and a 52 week high of $99.79. 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 firm’s 50-day simple moving average is $92.86 and its 200 day simple moving average is $85.31. The firm has a market cap of $16.59 billion, a price-to-earnings ratio of 48.82, a P/E/G ratio of 4.56 and a beta of 0.96.

RB Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were given a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.29%. RB Global’s payout ratio is 63.04%.

RB Global Company 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.