RB Global, Inc. (NYSE:RBA) Shares Sold by Commerce Bank

Commerce Bank trimmed its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,770 shares of the business services provider’s stock after selling 136 shares during the quarter. Commerce Bank’s holdings in RB Global were worth $1,332,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of RB Global by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 24,916,629 shares of the business services provider’s stock valued at $2,248,060,000 after purchasing an additional 358,752 shares during the period. Vontobel Holding Ltd. lifted its stake in shares of RB Global by 9.8% in the 4th quarter. Vontobel Holding Ltd. now owns 8,451,146 shares of the business services provider’s stock worth $762,378,000 after acquiring an additional 753,700 shares during the period. Geode Capital Management LLC boosted its holdings in shares of RB Global by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 3,967,159 shares of the business services provider’s stock valued at $357,434,000 after acquiring an additional 264,778 shares in the last quarter. Boston Partners raised its holdings in RB Global by 6.9% during the fourth quarter. Boston Partners now owns 3,308,977 shares of the business services provider’s stock worth $298,500,000 after purchasing an additional 214,181 shares in the last quarter. Finally, Fiera Capital Corp lifted its position in RB Global by 4.1% in the fourth quarter. Fiera Capital Corp now owns 3,216,507 shares of the business services provider’s stock worth $290,000,000 after purchasing an additional 125,275 shares during the period. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at RB Global

In other news, CRO James J. Jeter sold 7,597 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $97.85, for a total value of $743,366.45. Following the completion of the sale, the executive now directly owns 20,267 shares of the company’s stock, valued at $1,983,125.95. This trade represents a 27.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO James Francis Kessler sold 15,700 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $97.81, for a total value of $1,535,617.00. Following the completion of the sale, the chief executive officer now owns 107,569 shares in the company, valued at approximately $10,521,323.89. This trade represents a 12.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,897 shares of company stock worth $2,338,161 in the last ninety days. Insiders own 4.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on RBA. Raymond James boosted their price objective on RB Global from $110.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Royal Bank of Canada lifted their price objective on shares of RB Global from $107.00 to $116.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. BMO Capital Markets lifted their price target on shares of RB Global from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. CIBC decreased their target price on RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a report on Monday, February 3rd. Finally, National Bankshares decreased their target price on shares of RB Global from $118.00 to $115.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.56.

RB Global Trading Down 2.3 %

RB Global stock opened at $95.10 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17. The firm has a 50-day moving average of $98.24 and a 200-day moving average of $93.08. The company has a market cap of $17.58 billion, a price-to-earnings ratio of 47.31, a P/E/G ratio of 4.95 and a beta of 0.90. RB Global, Inc. has a one year low of $69.83 and a one year high of $106.90.

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

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.