RB Global, Inc. (NYSE:RBA) Stock Position Decreased by Xponance Inc.

Xponance Inc. lowered its position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,109 shares of the business services provider’s stock after selling 913 shares during the period. Xponance Inc.’s holdings in RB Global were worth $1,345,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RBA. Vanguard Group Inc. raised its holdings in shares of RB Global by 144.9% during the 3rd quarter. Vanguard Group Inc. now owns 22,647,288 shares of the business services provider’s stock valued at $1,415,456,000 after purchasing an additional 13,400,942 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in RB Global by 10.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 10,320,114 shares of the business services provider’s stock valued at $645,007,000 after buying an additional 977,171 shares in the last quarter. Fiera Capital Corp boosted its stake in shares of RB Global by 4.5% during the 3rd quarter. Fiera Capital Corp now owns 2,614,152 shares of the business services provider’s stock worth $164,125,000 after acquiring an additional 113,514 shares in the last quarter. Cidel Asset Management Inc. increased its holdings in shares of RB Global by 50.4% during the 3rd quarter. Cidel Asset Management Inc. now owns 1,375,673 shares of the business services provider’s stock valued at $86,528,000 after acquiring an additional 460,858 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of RB Global by 9.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,006,126 shares of the business services provider’s stock valued at $62,883,000 after acquiring an additional 85,987 shares in the last quarter. Institutional investors own 95.37% of the company’s stock.

Insider Buying and Selling

In other RB Global news, CRO James J. Jeter sold 11,416 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $76.32, for a total value of $871,269.12. Following the sale, the executive now owns 30,915 shares of the company’s stock, valued at approximately $2,359,432.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Darren Jeffrey Watt sold 2,300 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $76.97, for a total value of $177,031.00. Following the sale, the insider now directly owns 21,103 shares in the company, valued at approximately $1,624,297.91. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO James J. Jeter sold 11,416 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $76.32, for a total value of $871,269.12. Following the transaction, the executive now owns 30,915 shares of the company’s stock, valued at approximately $2,359,432.80. The disclosure for this sale can be found here. Insiders sold a total of 14,816 shares of company stock valued at $1,133,055 over the last ninety days. 4.32% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on RBA shares. StockNews.com raised shares of RB Global from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Scotiabank boosted their target price on shares of RB Global from $88.00 to $89.00 and gave the stock a “sector outperform” rating in a research report on Wednesday. Royal Bank of Canada raised their price target on RB Global from $75.00 to $93.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. Finally, Raymond James increased their target price on RB Global from $78.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $83.00.

RB Global Stock Up 0.2 %

Shares of RBA opened at $73.37 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.23 and a current ratio of 1.35. The company has a 50-day simple moving average of $74.33 and a 200-day simple moving average of $68.01. RB Global, Inc. has a 52 week low of $51.07 and a 52 week high of $77.99. The firm has a market capitalization of $13.41 billion, a P/E ratio of 86.32, a P/E/G ratio of 5.51 and a beta of 0.87.

RB Global (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings data on Friday, February 23rd. The business services provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.14. RB Global had a return on equity of 4.19% and a net margin of 5.61%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the company earned $0.40 EPS. The company’s quarterly revenue was up 134.5% on a year-over-year basis. On average, equities research analysts expect that RB Global, Inc. will post 1.9 earnings per share for the current year.

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.