4,739 Shares in RB Global, Inc. (NYSE:RBA) Acquired by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. acquired a new position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,739 shares of the business services provider’s stock, valued at approximately $317,000.

Several other large investors also recently made changes to their positions in the business. Cary Street Partners Investment Advisory LLC acquired a new stake in RB Global in the 3rd quarter valued at about $26,000. Headlands Technologies LLC acquired a new stake in shares of RB Global in the third quarter valued at approximately $26,000. Oakworth Capital Inc. raised its position in RB Global by 53.3% in the 4th quarter. Oakworth Capital Inc. now owns 466 shares of the business services provider’s stock worth $31,000 after purchasing an additional 162 shares during the last quarter. GAMMA Investing LLC acquired a new position in RB Global during the 4th quarter worth $54,000. Finally, Oliver Lagore Vanvalin Investment Group boosted its position in RB Global by 63.4% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 1,448 shares of the business services provider’s stock valued at $97,000 after buying an additional 562 shares during the last quarter. Institutional investors own 95.37% of the company’s stock.

Insider Activity at RB Global

In other RB Global news, CRO James J. Jeter sold 11,416 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $76.32, for a total value of $871,269.12. Following the completion of the transaction, the executive now directly owns 30,915 shares of the company’s stock, valued at $2,359,432.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CRO James J. Jeter sold 11,416 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive now owns 30,915 shares in the company, valued at $2,359,432.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Darren Jeffrey Watt sold 2,300 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $76.97, for a total transaction of $177,031.00. Following the sale, the insider now owns 21,103 shares in the company, valued at $1,624,297.91. The disclosure for this sale can be found here. Insiders sold a total of 14,816 shares of company stock worth $1,133,055 in the last quarter. Corporate insiders own 4.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on RBA shares. StockNews.com raised RB Global from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. Raymond James upped their target price on shares of RB Global from $78.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. Scotiabank lifted their price target 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, April 24th. Finally, Royal Bank of Canada boosted their price target on shares of RB Global from $75.00 to $93.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, RB Global has an average rating of “Moderate Buy” and an average price target of $83.00.

RB Global Stock Performance

Shares of RBA stock opened at $72.95 on Friday. The stock has a market cap of $13.33 billion, a PE ratio of 85.82, a price-to-earnings-growth ratio of 5.43 and a beta of 0.88. The stock has a 50-day moving average of $74.46 and a 200-day moving average of $68.50. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.35 and a quick ratio of 1.23. RB Global, Inc. has a one year low of $51.07 and a one year high of $77.99.

RB Global (NYSE:RBA) (TSE:RBA) last issued its earnings results on Friday, February 23rd. The business services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.68 by $0.14. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. RB Global had a net margin of 5.61% and a return on equity of 4.19%. The business’s quarterly revenue was up 134.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 earnings per share. As a group, sell-side 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.