RB Global, Inc. (NYSE:RBA) Shares Acquired by Ancora Advisors LLC

Ancora Advisors LLC lifted its holdings in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 57.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 903,385 shares of the business services provider's stock after acquiring an additional 329,477 shares during the quarter. RB Global makes up about 1.8% of Ancora Advisors LLC's portfolio, making the stock its 10th biggest holding. Ancora Advisors LLC owned 0.49% of RB Global worth $81,494,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Caisse DE Depot ET Placement DU Quebec raised its stake in RB Global by 32.0% during the fourth 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 in the last quarter. Schonfeld Strategic Advisors LLC increased its stake in RB Global by 22.5% in the 4th 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 period. Northern Trust Corp raised its position in shares of RB Global by 13.3% in the fourth quarter. Northern Trust Corp now owns 1,399,401 shares of the business services provider's stock valued at $126,240,000 after buying an additional 163,820 shares during the last quarter. Nitorum Capital L.P. lifted its position in RB Global by 1.7% during the 4th quarter. Nitorum Capital L.P. now owns 374,229 shares of the business services provider's stock worth $33,759,000 after acquiring an additional 6,132 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new position in shares of RB Global during the fourth quarter worth about $111,000. 95.37% of the stock is owned by institutional investors and hedge funds.

RB Global Stock Up 3.1 %

NYSE:RBA traded up $3.19 during trading hours on Thursday, reaching $105.46. 1,567,986 shares of the company traded hands, compared to its average volume of 1,105,220. The business's 50-day moving average price is $98.19 and its two-hundred day moving average price is $94.53. The stock has a market capitalization of $19.53 billion, a P/E ratio of 52.47, a P/E/G ratio of 4.95 and a beta of 0.78. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. RB Global, Inc. has a 1 year low of $70.27 and a 1 year high of $106.90.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last released its earnings results on Wednesday, May 7th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.89. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. RB Global had a net margin of 9.64% and a return on equity of 8.00%. The company's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.90 earnings per share. Analysts predict that RB Global, Inc. will post 2.5 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. CIBC decreased their price target on RB Global from $109.00 to $108.00 and set an "outperformer" rating on the stock in a research note on Monday, February 3rd. Royal Bank of Canada increased their target price 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 upped their target price on shares of RB Global from $116.00 to $120.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Raymond James upped their price objective on shares of RB Global from $118.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, Robert W. Baird lifted their target price on RB Global from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $113.07.

Insider Buying and Selling at RB Global

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

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.