Nitorum Capital L.P. increased its position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 1.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 374,229 shares of the business services provider's stock after purchasing an additional 6,132 shares during the period. RB Global comprises about 3.9% of Nitorum Capital L.P.'s investment portfolio, making the stock its 8th biggest holding. Nitorum Capital L.P. owned 0.20% of RB Global worth $33,759,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RBA. Wilmington Savings Fund Society FSB acquired a new stake in shares of RB Global during the 3rd quarter valued at $465,000. Retirement Systems of Alabama boosted its stake in shares of RB Global by 1.1% during the 3rd quarter. Retirement Systems of Alabama now owns 287,684 shares of the business services provider's stock valued at $23,156,000 after buying an additional 3,192 shares during the period. Versant Capital Management Inc boosted its stake in shares of RB Global by 136.4% during the 4th quarter. Versant Capital Management Inc now owns 305 shares of the business services provider's stock valued at $28,000 after buying an additional 176 shares during the period. Everence Capital Management Inc. acquired a new stake in shares of RB Global during the 4th quarter valued at $447,000. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of RB Global during the 4th quarter valued at $27,000. Institutional investors and hedge funds own 95.37% of the company's stock.
Insider Buying and Selling at RB Global
In other RB Global news, CEO James Francis Kessler sold 15,700 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 107,569 shares in the company, valued at $10,521,323.89. This trade represents a 12.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO James J. Jeter sold 7,597 shares of the firm's stock in a transaction on Monday, March 17th. The stock was 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 owns 20,267 shares in the company, valued at $1,983,125.95. The trade was a 27.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,897 shares of company stock valued at $2,338,161 in the last quarter. 4.32% of the stock is currently owned by insiders.
RB Global Stock Down 0.4 %
Shares of RBA stock traded down $0.42 on Thursday, hitting $100.28. 565,588 shares of the stock were exchanged, compared to its average volume of 1,084,913. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $18.57 billion, a P/E ratio of 49.89, a price-to-earnings-growth ratio of 4.95 and a beta of 0.90. The business has a 50-day moving average of $98.16 and a 200 day moving average of $93.80. RB Global, Inc. has a fifty-two week low of $69.83 and a fifty-two week high of $106.90.
RB Global (NYSE:RBA - Get Free Report) TSE: RBA last released its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.58 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.23). The company had revenue of $1.14 billion during 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 previous year, the company posted $0.82 EPS. Equities analysts anticipate that RB Global, Inc. will post 2.5 EPS for the current year.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the stock. Robert W. Baird raised their price target on shares of RB Global from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. CIBC dropped their target price on shares of RB Global from $109.00 to $108.00 and set an "outperformer" rating on the stock in a report on Monday, February 3rd. Royal Bank of Canada raised their price target on shares of RB Global from $107.00 to $116.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. 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 report on Wednesday, February 19th. Finally, StockNews.com downgraded RB Global from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $111.36.
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RB Global Profile
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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.
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