MetLife Investment Management LLC Buys 8,723 Shares of RB Global, Inc. (NYSE:RBA)

MetLife Investment Management LLC grew its holdings in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 9.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,934 shares of the business services provider's stock after buying an additional 8,723 shares during the period. MetLife Investment Management LLC owned 0.06% of RB Global worth $9,376,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Central Pacific Bank Trust Division bought a new stake in shares of RB Global during the 4th quarter valued at $27,000. Versant Capital Management Inc boosted its stake in RB Global by 136.4% in the 4th quarter. Versant Capital Management Inc now owns 305 shares of the business services provider's stock worth $28,000 after purchasing an additional 176 shares in the last quarter. Jones Financial Companies Lllp boosted its stake 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 worth $35,000 after purchasing an additional 129 shares in the last quarter. Proficio Capital Partners LLC bought a new position in RB Global in the 4th quarter worth about $36,000. Finally, Whipplewood Advisors LLC bought a new position in RB Global in the 4th quarter worth about $37,000. Institutional investors own 95.37% of the company's stock.

Analyst Upgrades and Downgrades

RBA has been the topic of a number of analyst reports. Royal Bank of Canada upped their price target on shares of RB Global from $107.00 to $116.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Robert W. Baird upped their price target on shares of RB Global from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. National Bankshares dropped their price target on shares of RB Global from $118.00 to $115.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. CIBC dropped 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 note on Monday, February 3rd. Finally, BMO Capital Markets upped their target price on shares of RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $111.36.

Insider Transactions at RB Global

In related news, CRO James J. Jeter sold 600 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $98.63, for a total value of $59,178.00. Following the completion of the sale, the executive now directly owns 19,667 shares of the company's stock, valued at approximately $1,939,756.21. This represents a 2.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO James Francis Kessler sold 15,700 shares of the 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 sale, the chief executive officer now directly owns 107,569 shares of the company's stock, valued at $10,521,323.89. This represents a 12.74 % 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 quarter. Company insiders own 4.32% of the company's stock.

RB Global Stock Performance

RBA traded up $0.22 during midday trading on Friday, hitting $98.95. 609,872 shares of the company traded hands, compared to its average volume of 1,083,490. The company's 50-day moving average is $98.40 and its 200 day moving average is $93.58. RB Global, Inc. has a 52 week low of $69.83 and a 52 week high of $106.90. 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 firm has a market capitalization of $18.32 billion, a PE ratio of 49.23, a price-to-earnings-growth ratio of 4.95 and a beta of 0.90.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last issued its quarterly earnings data 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 return on equity of 8.00% and a net margin of 9.64%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company earned $0.82 EPS. On average, research analysts expect that RB Global, Inc. will post 2.5 EPS for the current 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.