RB Global, Inc. (NYSE:RBA) Shares Purchased by Oakworth Capital Inc.

Oakworth Capital Inc. boosted its position in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 53.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 466 shares of the business services provider’s stock after purchasing an additional 162 shares during the period. Oakworth Capital Inc.’s holdings in RB Global were worth $31,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position 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 worth $1,415,456,000 after purchasing an additional 13,400,942 shares during the period. BlackRock Inc. raised its holdings in shares of RB Global by 286.9% in the 2nd quarter. BlackRock Inc. now owns 6,479,856 shares of the business services provider’s stock valued at $388,791,000 after buying an additional 4,804,923 shares during the period. Luxor Capital Group LP boosted its holdings in RB Global by 95.9% during the 4th quarter. Luxor Capital Group LP now owns 4,209,222 shares of the business services provider’s stock valued at $243,419,000 after acquiring an additional 2,060,511 shares during the period. State Street Corp boosted its holdings in RB Global by 179.6% during the 2nd quarter. State Street Corp now owns 2,537,213 shares of the business services provider’s stock valued at $152,233,000 after acquiring an additional 1,629,684 shares during the period. Finally, Norges Bank acquired a new position in RB Global in the 4th quarter valued at about $79,586,000. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RBA has been the subject of several recent research reports. Royal Bank of Canada raised their price objective on shares of RB Global from $75.00 to $93.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. Raymond James boosted their price target on shares of RB Global from $78.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. StockNews.com upgraded RB Global from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Finally, Scotiabank upped their price target on RB Global from $76.00 to $88.00 and gave the stock a “sector outperform” rating in a report on Monday, February 26th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $82.80.

RB Global Trading Down 1.0 %

Shares of NYSE:RBA opened at $72.49 on Friday. RB Global, Inc. has a 52 week low of $51.07 and a 52 week high of $77.99. The company’s 50 day moving average is $74.02 and its two-hundred day moving average is $67.74. The company has a market cap of $13.25 billion, a PE ratio of 85.28, a P/E/G ratio of 5.56 and a beta of 0.87. The company has a current ratio of 1.35, a quick ratio of 1.23 and a debt-to-equity ratio of 0.61.

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, topping analysts’ consensus estimates of $0.68 by $0.14. RB Global had a net margin of 5.61% and a return on equity of 4.19%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the firm posted $0.40 earnings per share. The company’s revenue was up 134.5% compared to the same quarter last year. Equities analysts predict that RB Global, Inc. will post 1.88 earnings per share for the current fiscal year.

Insider Transactions at RB Global

In related news, insider Darren Jeffrey Watt sold 1,100 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $77.05, for a total transaction of $84,755.00. Following the completion of the sale, the insider now owns 21,103 shares in the company, valued at $1,625,986.15. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Darren Jeffrey Watt sold 1,100 shares of RB Global stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $77.05, for a total transaction of $84,755.00. Following the sale, the insider now directly owns 21,103 shares in the company, valued at approximately $1,625,986.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO James J. Jeter sold 11,416 shares of RB Global stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $76.32, for a total transaction of $871,269.12. Following the sale, the executive now owns 30,915 shares in the company, valued at $2,359,432.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,816 shares of company stock valued at $1,133,055. 4.32% of the stock is currently owned by corporate insiders.

RB Global Company 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.