Mariner LLC Increases Position in RB Global, Inc. (NYSE:RBA)

Mariner LLC raised its position in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 32.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,124 shares of the business services provider's stock after acquiring an additional 11,767 shares during the quarter. Mariner LLC's holdings in RB Global were worth $4,341,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in RBA. Wilmington Savings Fund Society FSB acquired a new stake in RB Global in the 3rd quarter valued at about $465,000. Retirement Systems of Alabama lifted its position in 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 worth $23,156,000 after buying an additional 3,192 shares in the last quarter. Versant Capital Management Inc boosted its stake in RB Global by 136.4% during the fourth quarter. Versant Capital Management Inc now owns 305 shares of the business services provider's stock worth $28,000 after buying an additional 176 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in RB Global in the 4th quarter valued at $447,000. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of RB Global in the 4th quarter worth $27,000. 95.37% of the stock is owned by institutional investors and hedge funds.

RB Global Trading Down 0.7 %

NYSE RBA traded down $0.65 on Friday, reaching $98.09. The stock had a trading volume of 170,488 shares, compared to its average volume of 1,084,801. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.50. The stock has a fifty day moving average price of $98.35 and a two-hundred day moving average price of $93.27. RB Global, Inc. has a 12-month low of $69.83 and a 12-month high of $106.90. The firm has a market capitalization of $18.13 billion, a price-to-earnings ratio of 48.80, a P/E/G ratio of 4.95 and a beta of 0.90.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last posted its quarterly earnings data 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). RB Global had a net margin of 9.64% and a return on equity of 8.00%. The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter in the prior year, the firm posted $0.82 EPS. As a group, sell-side analysts forecast that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CRO James J. Jeter sold 600 shares of the business's 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 completion of the transaction, the executive now directly owns 19,667 shares of the company's stock, valued at $1,939,756.21. The trade was a 2.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO James Francis Kessler sold 15,700 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $10,521,323.89. This trade represents a 12.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,897 shares of company stock worth $2,338,161 over the last three months. Company insiders own 4.32% of the company's stock.

Analyst Ratings Changes

RBA has been the topic of several recent research reports. CIBC lowered their price target on shares of RB Global from $109.00 to $108.00 and set an "outperformer" rating on the stock in a research report on Monday, February 3rd. Raymond James increased their price target on shares of RB Global from $110.00 to $118.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. StockNews.com lowered shares of RB Global from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Robert W. Baird increased their price objective 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, 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 research report on Wednesday, April 9th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $111.36.

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.