47,918 RB Global, Inc. $RBA Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP reduced its stake in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 1.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,431,967 shares of the business services provider’s stock after selling 47,918 shares during the quarter. RB Global makes up approximately 2.9% of Cooke & Bieler LP’s investment portfolio, making the stock its 3rd largest position. Cooke & Bieler LP’s holdings in RB Global were worth $197,938,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Addison Advisors LLC bought a new stake in RB Global during the 2nd quarter valued at $26,000. J.Safra Asset Management Corp purchased a new stake in shares of RB Global in the 2nd quarter worth approximately $32,000. Integrated Wealth Concepts LLC bought a new position in shares of RB Global during the second quarter valued at approximately $35,000. Cassaday & Co Wealth Management LLC purchased a new position in RB Global during the first quarter valued at approximately $43,000. Finally, Axiom Investment Management LLC purchased a new stake in RB Global during the first quarter worth $76,000. 95.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on RBA shares. Wall Street Zen lowered RB Global from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Zacks Research lowered RB Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of RB Global in a research note on Wednesday, August 5th. Royal Bank Of Canada reissued an “outperform” rating and set a $152.00 target price on shares of RB Global in a research report on Wednesday, September 23rd. Finally, Weiss Ratings downgraded shares of RB Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $126.29.

RB Global Stock Performance

RBA opened at $82.03 on Thursday. The firm has a fifty day moving average price of $83.79 and a 200 day moving average price of $98.38. RB Global, Inc. has a 1 year low of $78.05 and a 1 year high of $119.33. The stock has a market cap of $14.87 billion, a P/E ratio of 35.21, a P/E/G ratio of 1.38 and a beta of 0.53. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.31 and a quick ratio of 1.22.

RB Global (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings data on Tuesday, August 4th. The business services provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.04. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.21 billion. RB Global had a net margin of 9.99% and a return on equity of 12.37%. Equities research analysts anticipate that RB Global, Inc. will post 4.06 earnings per share for the current year.

Insider Buying and Selling at RB Global

In other news, Director Chloe Harford purchased 1,200 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was purchased at an average cost of $83.74 per share, for a total transaction of $100,488.00. Following the completion of the transaction, the director owned 1,200 shares of the company’s stock, valued at $100,488. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Deborah Stein bought 500 shares of the stock in a transaction on Wednesday, September 9th. The shares were acquired at an average cost of $80.91 per share, for a total transaction of $40,455.00. Following the purchase, the director owned 2,325 shares in the company, valued at $188,115.75. The trade was a 27.40% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.57% of the company’s stock.

RB Global Profile

RB Global, Inc is a global marketplace and provider of asset management and disposition services for commercial and industrial equipment, vehicles and other durable assets. The company connects buyers and sellers through live and online auctions, negotiated sales and digital marketplaces, serving industries such as construction, transportation, agriculture, energy, government and automotive.

Its portfolio includes Ritchie Bros., a major auction and marketplace brand for heavy equipment; IAA, which specializes in salvage and repairable vehicle auctions; and Mascus, an online marketplace for used equipment.