MGO One Seven LLC Has $302,000 Stake in RB Global, Inc. (NYSE:RBA)

MGO One Seven LLC increased its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 9.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,353 shares of the business services provider’s stock after acquiring an additional 287 shares during the period. MGO One Seven LLC’s holdings in RB Global were worth $302,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of RB Global in the 3rd quarter valued at approximately $465,000. Retirement Systems of Alabama lifted its stake in RB Global by 1.1% in the third quarter. Retirement Systems of Alabama now owns 287,684 shares of the business services provider’s stock valued at $23,156,000 after acquiring an additional 3,192 shares during the last quarter. Versant Capital Management Inc grew its position 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 period. Everence Capital Management Inc. acquired a new position in shares of RB Global during the 4th quarter worth about $447,000. Finally, Central Pacific Bank Trust Division acquired a new position in shares of RB Global during the 4th quarter worth about $27,000. Institutional investors own 95.37% of the company’s stock.

Insider Buying and Selling at RB Global

In related news, CRO James J. Jeter sold 600 shares of RB Global stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $98.63, for a total value of $59,178.00. Following the transaction, the executive now directly owns 19,667 shares of the company’s stock, valued at $1,939,756.21. This trade represents a 2.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO James Francis Kessler sold 15,700 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $97.81, for a total value of $1,535,617.00. Following the sale, the chief executive officer now owns 107,569 shares of the company’s stock, valued at $10,521,323.89. The trade was a 12.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,897 shares of company stock valued at $2,338,161 in the last ninety days. 4.32% of the stock is currently owned by company insiders.

RB Global Stock Up 0.4 %

NYSE RBA opened at $99.19 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The company has a market cap of $18.37 billion, a price-to-earnings ratio of 49.35, a PEG ratio of 4.95 and a beta of 0.90. The company has a 50 day moving average of $98.20 and a 200-day moving average of $93.75. RB Global, Inc. has a 1-year low of $69.83 and a 1-year high of $106.90.

RB Global (NYSE:RBA) (TSE:RBA) last released its earnings results on Tuesday, February 18th. The business services provider reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.23). RB Global had a net margin of 9.64% and a return on equity of 8.00%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. On average, equities research analysts expect that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on RBA shares. BMO Capital Markets boosted their price target on RB Global from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Robert W. Baird lifted their price objective on shares of RB Global from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. CIBC cut their target price on shares of RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a research note on Monday, February 3rd. Raymond James upped their price target on shares of RB Global from $110.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada raised their price objective on shares of RB Global from $107.00 to $116.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $111.36.

RB Global 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.