RB Global, Inc. (NYSE:RBA) Shares Acquired by Barclays PLC

Barclays PLC boosted its holdings in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 162.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 102,717 shares of the business services provider's stock after buying an additional 63,624 shares during the period. Barclays PLC owned 0.06% of RB Global worth $9,267,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new position in shares of RB Global during the third quarter valued at about $465,000. Retirement Systems of Alabama grew its position in shares of RB Global by 1.1% during the third quarter. Retirement Systems of Alabama now owns 287,684 shares of the business services provider's stock valued at $23,156,000 after purchasing an additional 3,192 shares in the last quarter. Versant Capital Management Inc grew its position in shares of RB Global by 136.4% during the fourth quarter. Versant Capital Management Inc now owns 305 shares of the business services provider's stock valued at $28,000 after purchasing an additional 176 shares in the last quarter. Everence Capital Management Inc. purchased a new position in shares of RB Global during the fourth quarter valued at about $447,000. Finally, Central Pacific Bank Trust Division purchased a new position in shares of RB Global during the fourth quarter valued at about $27,000. Hedge funds and other institutional investors own 95.37% of the company's stock.

Insider Activity

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

Wall Street Analyst Weigh In

RBA has been the subject of a number of research analyst reports. Raymond James raised their price objective on RB Global from $110.00 to $118.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Royal Bank of Canada lifted their price target on RB Global from $107.00 to $116.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. BMO Capital Markets lifted their price target on RB Global from $116.00 to $120.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Robert W. Baird lifted their price target on RB Global from $105.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Finally, StockNews.com lowered RB Global from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. 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 Down 0.1 %

NYSE RBA traded down $0.13 during trading on Monday, hitting $98.85. The stock had a trading volume of 878,358 shares, compared to its average volume of 1,082,669. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.29. The stock has a market capitalization of $18.30 billion, a price-to-earnings ratio of 49.18, 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. The stock has a 50 day simple moving average of $98.29 and a 200 day simple moving average of $93.71.

RB Global (NYSE:RBA - Get Free Report) 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 net margin of 9.64% and a return on equity of 8.00%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm posted $0.82 EPS. Sell-side analysts predict that RB Global, Inc. will post 2.5 earnings per share for the current year.

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.