Gamco Investors INC. ET AL Decreases Position in RB Global, Inc. (NYSE:RBA)

Gamco Investors INC. ET AL lowered its position in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 8.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 62,500 shares of the business services provider's stock after selling 5,500 shares during the period. Gamco Investors INC. ET AL's holdings in RB Global were worth $5,638,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Mariner LLC raised its holdings in RB Global by 32.4% in the 4th quarter. Mariner LLC now owns 48,124 shares of the business services provider's stock valued at $4,341,000 after buying an additional 11,767 shares during the last quarter. Barclays PLC grew its stake in shares of RB Global by 162.8% in the fourth quarter. Barclays PLC now owns 102,717 shares of the business services provider's stock worth $9,267,000 after purchasing an additional 63,624 shares during the last quarter. Seeds Investor LLC increased its holdings in RB Global by 32.0% in the fourth quarter. Seeds Investor LLC now owns 4,590 shares of the business services provider's stock valued at $414,000 after purchasing an additional 1,112 shares during the period. Sterling Capital Management LLC lifted its holdings in RB Global by 55.5% during the 4th quarter. Sterling Capital Management LLC now owns 10,853 shares of the business services provider's stock worth $979,000 after buying an additional 3,873 shares during the period. Finally, Treasurer of the State of North Carolina grew its position in shares of RB Global by 18.4% in the 4th quarter. Treasurer of the State of North Carolina now owns 94,755 shares of the business services provider's stock valued at $8,548,000 after buying an additional 14,740 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on RBA. Robert W. Baird upped their target price on RB Global from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Raymond James upped their price target on shares of 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 objective on shares of RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. StockNews.com lowered RB Global from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Finally, National Bankshares reduced their price objective on shares of RB Global from $118.00 to $115.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, RB Global presently has an average rating of "Moderate Buy" and a consensus price target of $108.56.

Insiders Place Their Bets

In other news, CEO James Francis Kessler sold 15,700 shares of the 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 transaction, the chief executive officer now owns 107,569 shares of the company's stock, valued at $10,521,323.89. This represents a 12.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CRO James J. Jeter sold 600 shares of RB Global stock in a transaction on Friday, March 21st. The stock was sold at an average price of $98.63, for a total transaction of $59,178.00. Following the sale, the executive now directly owns 19,667 shares of the company's stock, valued at $1,939,756.21. This represents a 2.96 % 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 worth $2,338,161 in the last three months. 4.32% of the stock is currently owned by corporate insiders.

RB Global Stock Performance

NYSE:RBA traded up $1.78 during trading on Tuesday, reaching $96.69. The company's stock had a trading volume of 136,968 shares, compared to its average volume of 1,095,782. The firm has a market cap of $17.87 billion, a price-to-earnings ratio of 48.07, a price-to-earnings-growth ratio of 4.95 and a beta of 0.90. 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. The firm has a 50 day moving average of $98.24 and a 200-day moving average of $93.08.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last posted its earnings results on Tuesday, February 18th. The business services provider reported $0.58 earnings per share for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $1.06 billion. During the same period in the previous year, the firm earned $0.82 EPS. Research analysts expect that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

About RB Global

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.