Swiss National Bank Sells 17,400 Shares of RB Global, Inc. (NYSE:RBA)

Swiss National Bank cut its stake in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 591,943 shares of the business services provider's stock after selling 17,400 shares during the period. Swiss National Bank owned about 0.32% of RB Global worth $39,685,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of RBA. Vanguard Group Inc. lifted its position in shares of RB Global by 144.9% during the 3rd quarter. Vanguard Group Inc. now owns 22,647,288 shares of the business services provider's stock worth $1,415,456,000 after purchasing an additional 13,400,942 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of RB Global by 10.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,320,114 shares of the business services provider's stock worth $645,007,000 after acquiring an additional 977,171 shares in the last quarter. Cooke & Bieler LP increased its holdings in shares of RB Global by 3.6% in the 4th quarter. Cooke & Bieler LP now owns 3,627,957 shares of the business services provider's stock valued at $242,674,000 after acquiring an additional 124,815 shares during the last quarter. Fiera Capital Corp raised its position in shares of RB Global by 4.5% during the 3rd quarter. Fiera Capital Corp now owns 2,614,152 shares of the business services provider's stock worth $164,125,000 after acquiring an additional 113,514 shares in the last quarter. Finally, Cidel Asset Management Inc. lifted its stake in RB Global by 50.4% during the third quarter. Cidel Asset Management Inc. now owns 1,375,673 shares of the business services provider's stock worth $86,528,000 after purchasing an additional 460,858 shares during the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at RB Global

In other news, CRO James J. Jeter sold 11,416 shares of the company's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $76.32, for a total transaction of $871,269.12. Following the completion of the transaction, the executive now owns 30,915 shares of the company's stock, valued at approximately $2,359,432.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CRO James J. Jeter sold 11,416 shares of the company's stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $76.32, for a total transaction of $871,269.12. Following the completion of the sale, the executive now directly owns 30,915 shares in the company, valued at approximately $2,359,432.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Darren Jeffrey Watt sold 2,300 shares of RB Global stock in a transaction on Friday, March 1st. The shares were sold at an average price of $76.97, for a total value of $177,031.00. Following the completion of the transaction, the insider now owns 21,103 shares in the company, valued at approximately $1,624,297.91. The disclosure for this sale can be found here. Insiders have sold 14,816 shares of company stock worth $1,133,055 over the last quarter. 4.10% of the stock is currently owned by insiders.

RB Global Price Performance

RBA stock traded up $0.14 on Wednesday, reaching $72.02. The company had a trading volume of 850,507 shares, compared to its average volume of 797,213. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.23 and a current ratio of 1.35. The company's fifty day moving average is $74.52 and its 200 day moving average is $68.47. The company has a market cap of $13.16 billion, a P/E ratio of 84.73, a PEG ratio of 5.43 and a beta of 0.88. RB Global, Inc. has a 1 year low of $51.07 and a 1 year high of $77.99.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last posted its quarterly earnings data on Friday, February 23rd. The business services provider reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.14. RB Global had a return on equity of 4.19% and a net margin of 5.61%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the company earned $0.40 earnings per share. The business's revenue for the quarter was up 134.5% compared to the same quarter last year. On average, research analysts forecast that RB Global, Inc. will post 1.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on RBA shares. Scotiabank boosted their price objective on shares of RB Global from $88.00 to $89.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, April 24th. Raymond James upped their target price on RB Global from $78.00 to $90.00 and gave the company an "outperform" rating in a research report on Monday, February 26th. Royal Bank of Canada lifted their price target on RB Global from $75.00 to $93.00 and gave the stock an "outperform" rating in a research report on Monday, February 26th. Finally, StockNews.com raised RB Global from a "sell" rating to a "hold" rating in a report on Friday, February 9th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $83.00.

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.