Coldstream Capital Management Inc. Has $224,000 Stock Holdings in RB Global, Inc. (NYSE:RBA)

Coldstream Capital Management Inc. trimmed its position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 7.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,753 shares of the business services provider’s stock after selling 223 shares during the quarter. Coldstream Capital Management Inc.’s holdings in RB Global were worth $224,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of RB Global by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,702,381 shares of the business services provider’s stock worth $297,400,000 after buying an additional 108,188 shares during the period. Brophy Wealth Management LLC acquired a new stake in RB Global during the 3rd quarter worth $600,000. Public Employees Retirement System of Ohio bought a new stake in shares of RB Global during the 3rd quarter valued at $16,604,000. National Bank of Canada FI lifted its stake in shares of RB Global by 309.6% in the 3rd quarter. National Bank of Canada FI now owns 808,172 shares of the business services provider’s stock valued at $65,014,000 after purchasing an additional 610,843 shares during the period. Finally, Weiss Asset Management LP bought a new position in shares of RB Global in the 3rd quarter worth $1,649,000. 95.37% of the stock is owned by institutional investors.

Insider Buying and Selling at RB Global

In other news, CEO James Francis Kessler sold 17,883 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $84.19, for a total transaction of $1,505,569.77. Following the completion of the transaction, the chief executive officer now directly owns 86,247 shares of the company’s stock, valued at $7,261,134.93. This trade represents a 17.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. CIBC upped their price objective on RB Global from $102.00 to $109.00 and gave the company an “outperformer” rating in a report on Thursday, December 12th. 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 boosted their price objective on shares of RB Global from $99.00 to $107.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Bank of America increased their target price on shares of RB Global from $79.00 to $92.50 and gave the stock a “neutral” rating in a report on Monday, August 26th. Finally, BMO Capital Markets boosted their price target on shares of RB Global from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, RB Global currently has a consensus rating of “Moderate Buy” and an average target price of $100.36.

RB Global Stock Up 0.2 %

RB Global stock opened at $95.02 on Tuesday. RB Global, Inc. has a twelve month low of $60.84 and a twelve month high of $99.79. 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 company has a 50 day moving average of $90.25 and a 200-day moving average of $83.73. The stock has a market capitalization of $17.52 billion, a PE ratio of 51.64, a price-to-earnings-growth ratio of 4.56 and a beta of 0.95.

RB Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Wednesday, November 27th. RB Global’s dividend payout ratio (DPR) is presently 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.