Ancora Advisors LLC Buys 329,477 Shares of RB Global, Inc. (NYSE:RBA)

Ancora Advisors LLC increased its holdings in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 57.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 903,385 shares of the business services provider's stock after purchasing an additional 329,477 shares during the quarter. RB Global accounts for 1.8% of Ancora Advisors LLC's investment portfolio, making the stock its 10th biggest position. Ancora Advisors LLC owned 0.49% of RB Global worth $81,494,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Caisse DE Depot ET Placement DU Quebec increased its holdings in RB Global by 32.0% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 581,701 shares of the business services provider's stock valued at $52,475,000 after purchasing an additional 140,972 shares during the period. Schonfeld Strategic Advisors LLC grew its holdings in shares of RB Global by 22.5% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 160,090 shares of the business services provider's stock valued at $14,442,000 after buying an additional 29,415 shares during the last quarter. Northern Trust Corp increased its holdings in shares of RB Global by 13.3% in the 4th quarter. Northern Trust Corp now owns 1,399,401 shares of the business services provider's stock worth $126,240,000 after purchasing an additional 163,820 shares in the last quarter. Nitorum Capital L.P. raised its holdings in shares of RB Global by 1.7% during the fourth quarter. Nitorum Capital L.P. now owns 374,229 shares of the business services provider's stock valued at $33,759,000 after purchasing an additional 6,132 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new position in shares of RB Global during the 4th quarter valued at $111,000. 95.37% of the stock is owned by institutional investors.

Insider Activity

In other RB Global news, CEO James Francis Kessler sold 15,700 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 107,569 shares of the company's stock, valued at approximately $10,521,323.89. This trade represents a 12.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO James J. Jeter sold 600 shares of the firm's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $98.63, for a total transaction of $59,178.00. Following the transaction, the executive now 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 disclosure for this sale can be found here. In the last quarter, insiders sold 23,897 shares of company stock worth $2,338,161. Corporate insiders own 4.32% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. CIBC reduced their target price on shares of RB Global from $109.00 to $108.00 and set an "outperformer" rating for the company in a report on Monday, February 3rd. Royal Bank of Canada boosted their target price on RB Global from $107.00 to $116.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. StockNews.com cut shares of RB Global from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Robert W. Baird increased their price target on RB Global from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Finally, BMO Capital Markets boosted their target price on RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $111.36.

RB Global Trading Up 0.6 %

NYSE:RBA traded up $0.64 during trading hours on Wednesday, hitting $102.53. The company had a trading volume of 2,542,911 shares, compared to its average volume of 1,102,460. 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 50-day moving average of $98.18 and a 200 day moving average of $94.47. RB Global, Inc. has a 1 year low of $70.27 and a 1 year high of $106.90. The company has a market cap of $18.98 billion, a P/E ratio of 51.01, a P/E/G ratio of 4.95 and a beta of 0.78.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last released its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.89 by ($0.34). RB Global had a return on equity of 8.00% and a net margin of 9.64%. Sell-side analysts expect that RB Global, Inc. will post 2.5 earnings per share for the current 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.