Champlain Investment Partners LLC Sells 70,186 Shares of RB Global, Inc. (NYSE:RBA)

Champlain Investment Partners LLC reduced its stake in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 943,556 shares of the business services provider's stock after selling 70,186 shares during the quarter. Champlain Investment Partners LLC owned about 0.51% of RB Global worth $85,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Natixis Advisors LLC increased its stake in RB Global by 69.5% in the fourth quarter. Natixis Advisors LLC now owns 18,877 shares of the business services provider's stock valued at $1,703,000 after acquiring an additional 7,737 shares during the last quarter. Mawer Investment Management Ltd. grew its position in RB Global by 15.7% during the fourth quarter. Mawer Investment Management Ltd. now owns 120,564 shares of the business services provider's stock valued at $10,876,000 after acquiring an additional 16,397 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of RB Global by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 24,916,629 shares of the business services provider's stock worth $2,248,060,000 after acquiring an additional 358,752 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of RB Global in the 4th quarter valued at $27,000. Finally, Pictet Asset Management Holding SA grew its holdings in shares of RB Global by 16.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 100,318 shares of the business services provider's stock valued at $9,050,000 after purchasing an additional 13,836 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company's stock.

Insider Activity at RB Global

In other RB Global news, CRO James J. Jeter sold 7,597 shares of RB Global stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $97.85, for a total value of $743,366.45. Following the completion of the transaction, the executive now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James Francis Kessler sold 15,700 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $97.81, for a total transaction of $1,535,617.00. Following the completion of the transaction, the chief executive officer now owns 107,569 shares of the company's stock, valued at approximately $10,521,323.89. The trade was a 12.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,897 shares of company stock valued at $2,338,161 in the last 90 days. Corporate insiders own 4.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on RBA shares. National Bankshares reduced their price objective on RB Global from $118.00 to $115.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Royal Bank of Canada increased their price objective on RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. CIBC decreased their target price on shares of RB Global from $109.00 to $108.00 and set an "outperformer" rating on the stock in a research note on Monday, February 3rd. BMO Capital Markets raised their price target 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. Finally, StockNews.com lowered shares of RB Global from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $108.56.

RB Global Stock Up 2.0 %

Shares of RBA traded up $1.89 on Tuesday, reaching $96.80. The stock had a trading volume of 393,114 shares, compared to its average volume of 1,074,080. The firm has a market capitalization of $17.89 billion, a price-to-earnings ratio of 48.16, a price-to-earnings-growth ratio of 4.95 and a beta of 0.90. The company has a 50-day simple moving average of $98.24 and a 200-day simple moving average of $93.08. RB Global, Inc. has a 12-month low of $69.83 and a 12-month high of $106.90. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.29.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last issued 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 business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.06 billion. RB Global had a return on equity of 8.00% and a net margin of 9.64%. During the same quarter in the previous year, the business earned $0.82 earnings per share. Sell-side analysts predict that RB Global, Inc. will post 2.5 EPS 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.