National Bank of Canada FI Has $11.59 Million Stake in RB Global, Inc. (NYSE:RBA)

National Bank of Canada FI cut its holdings in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 17.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 174,677 shares of the business services provider's stock after selling 37,687 shares during the period. National Bank of Canada FI owned 0.10% of RB Global worth $11,588,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Oakworth Capital Inc. lifted its position in RB Global by 53.3% during the fourth quarter. Oakworth Capital Inc. now owns 466 shares of the business services provider's stock worth $31,000 after buying an additional 162 shares during the period. Signaturefd LLC grew its holdings in RB Global by 11.0% in the fourth quarter. Signaturefd LLC now owns 1,917 shares of the business services provider's stock valued at $128,000 after purchasing an additional 190 shares during the period. Claret Asset Management Corp increased its position in RB Global by 1.7% during the third quarter. Claret Asset Management Corp now owns 14,217 shares of the business services provider's stock worth $889,000 after purchasing an additional 238 shares during the last quarter. Atria Wealth Solutions Inc. raised its stake in RB Global by 4.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 5,386 shares of the business services provider's stock worth $360,000 after purchasing an additional 250 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its stake in RB Global by 0.3% during the third quarter. State Board of Administration of Florida Retirement System now owns 103,115 shares of the business services provider's stock worth $6,445,000 after purchasing an additional 280 shares during the period. Hedge funds and other institutional investors own 95.37% of the company's stock.

RB Global Stock Up 1.3 %

Shares of NYSE RBA traded up $0.95 during trading on Thursday, reaching $72.95. 1,252,385 shares of the stock were exchanged, compared to its average volume of 802,271. The company has a market capitalization of $13.33 billion, a price-to-earnings ratio of 85.35, a price-to-earnings-growth ratio of 5.43 and a beta of 0.88. RB Global, Inc. has a twelve month low of $51.07 and a twelve month high of $77.99. The business's 50-day moving average price is $74.52 and its 200 day moving average price is $68.47. The company has a quick ratio of 1.23, a current ratio of 1.35 and a debt-to-equity ratio of 0.61.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last announced its quarterly earnings results on Friday, February 23rd. The business services provider reported $0.82 earnings per share for the quarter, topping 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 analysts' expectations of $1.04 billion. During the same period in the prior year, the firm earned $0.40 EPS. The business's quarterly revenue was up 134.5% on a year-over-year basis. As a group, equities analysts forecast that RB Global, Inc. will post 1.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, insider Darren Jeffrey Watt sold 2,300 shares of the business's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $76.97, for a total transaction of $177,031.00. Following the sale, the insider now owns 21,103 shares in the company, valued at $1,624,297.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CRO James J. Jeter sold 11,416 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $2,359,432.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Darren Jeffrey Watt sold 2,300 shares of the business's stock in a transaction that occurred 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 sale, the insider now directly owns 21,103 shares of the company's stock, 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 in the last ninety days. 4.10% of the stock is currently owned by corporate insiders.

RB Global Company Profile

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.