RB Global, Inc. (NYSE:RBA) Stock Holdings Lifted by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec raised its holdings in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 32.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 581,701 shares of the business services provider's stock after acquiring an additional 140,972 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.31% of RB Global worth $52,475,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in RBA. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in RB Global by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,729 shares of the business services provider's stock valued at $3,674,000 after purchasing an additional 113 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in RB Global by 49.4% in the 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock valued at $35,000 after buying an additional 129 shares during the period. Summit Trail Advisors LLC increased its stake in shares of RB Global by 4.6% during the 4th quarter. Summit Trail Advisors LLC now owns 3,089 shares of the business services provider's stock valued at $279,000 after acquiring an additional 137 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of RB Global by 25.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 706 shares of the business services provider's stock worth $64,000 after acquiring an additional 143 shares during the period. Finally, Claret Asset Management Corp boosted its position in shares of RB Global by 1.6% in the fourth quarter. Claret Asset Management Corp now owns 10,233 shares of the business services provider's stock worth $923,000 after acquiring an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company's stock.

RB Global Stock Up 0.9 %

RBA traded up $0.94 during trading on Wednesday, hitting $102.83. The company had a trading volume of 425,191 shares, compared to its average volume of 1,092,011. The company has a market cap of $19.04 billion, a PE ratio of 51.16, a P/E/G ratio of 4.95 and a beta of 0.78. The business has a 50-day moving average of $98.18 and a 200-day moving average of $94.47. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17. 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 posted its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.23). The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.06 billion. RB Global had a net margin of 9.64% and a return on equity of 8.00%. During the same period in the prior year, the company posted $0.82 earnings per share. As a group, analysts forecast that RB Global, Inc. will post 2.5 earnings per share for the current year.

Analyst Ratings Changes

RBA has been the topic of a number of research analyst reports. Royal Bank of Canada lifted their price target on shares of RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. National Bankshares reduced their target price on RB Global from $118.00 to $115.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. StockNews.com lowered RB Global from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. BMO Capital Markets lifted their price objective on RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Finally, Raymond James increased their target price on shares of RB Global from $110.00 to $118.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $111.36.

Insider Activity at RB Global

In other news, CEO James Francis Kessler sold 15,700 shares of the company's stock in a transaction that occurred 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 directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO James J. Jeter sold 600 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $98.63, for a total value of $59,178.00. Following the sale, the executive now directly owns 19,667 shares in the company, valued at approximately $1,939,756.21. The trade was a 2.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,897 shares of company stock worth $2,338,161 in 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.