Running Oak Capital LLC Purchases 7,391 Shares of RB Global, Inc. (NYSE:RBA)

Running Oak Capital LLC grew its position in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 161,773 shares of the business services provider’s stock after purchasing an additional 7,391 shares during the period. RB Global comprises about 1.9% of Running Oak Capital LLC’s holdings, making the stock its 11th largest holding. Running Oak Capital LLC owned approximately 0.09% of RB Global worth $14,594,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in RBA. Central Pacific Bank Trust Division purchased a new position in RB Global in the 4th quarter worth $27,000. Versant Capital Management Inc lifted its stake in shares of RB Global by 136.4% in the 4th quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 176 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in RB Global during the 4th quarter valued at about $40,000. UMB Bank n.a. boosted its holdings in RB Global by 196.0% during the 3rd quarter. UMB Bank n.a. now owns 586 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 388 shares during the period. Finally, Quarry LP bought a new position in RB Global during the 2nd quarter worth approximately $53,000. Institutional investors own 95.37% of the company’s stock.

RB Global Price Performance

Shares of NYSE RBA opened at $90.33 on Friday. RB Global, Inc. has a 1 year low of $60.84 and a 1 year high of $99.79. The stock has a market capitalization of $16.69 billion, a P/E ratio of 49.09, a P/E/G ratio of 3.39 and a beta of 0.96. The company’s 50-day moving average is $92.96 and its 200 day moving average is $86.34. 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 Dividend Announcement

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 given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Thursday, February 6th. RB Global’s dividend payout ratio is currently 63.04%.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com downgraded RB Global from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Robert W. Baird increased their price target 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. Royal Bank of Canada raised their price target on shares of RB Global from $99.00 to $107.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. 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 research note on Thursday, December 12th. Finally, BMO Capital Markets raised their target price on RB Global from $105.00 to $107.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, RB Global has a consensus rating of “Moderate Buy” and a consensus price target of $100.36.

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.