RB Global, Inc. (NYSE:RBA) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC cut its holdings in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 35.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,322 shares of the business services provider's stock after selling 2,906 shares during the period. OneDigital Investment Advisors LLC's holdings in RB Global were worth $480,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Central Pacific Bank Trust Division acquired a new position in RB Global during the 4th quarter worth $27,000. Versant Capital Management Inc grew its position in shares of 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 in the last quarter. Jones Financial Companies Lllp raised its holdings in RB Global by 49.4% in the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock valued at $35,000 after acquiring an additional 129 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in RB Global in the fourth quarter worth approximately $36,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of RB Global in the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 95.37% of the company's stock.

RB Global Price Performance

Shares of NYSE:RBA traded up $0.54 during midday trading on Thursday, hitting $98.78. 412,867 shares of the stock were exchanged, compared to its average volume of 1,076,862. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. RB Global, Inc. has a twelve month low of $69.83 and a twelve month high of $106.90. The stock has a market cap of $18.26 billion, a P/E ratio of 49.11, a PEG ratio of 4.95 and a beta of 0.90. The company has a 50 day moving average price of $98.30 and a 200-day moving average price of $93.15.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last announced its earnings results on Tuesday, February 18th. The business services provider reported $0.58 EPS for the quarter, missing analysts' consensus estimates of $0.81 by ($0.23). RB Global had a net margin of 9.64% and a return on equity of 8.00%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the company posted $0.82 EPS. On average, research analysts forecast that RB Global, Inc. will post 2.5 earnings per share for the current year.

Insider Activity at RB Global

In related news, CRO James J. Jeter sold 600 shares of the company's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $98.63, for a total value of $59,178.00. Following the completion of the transaction, the executive now directly owns 19,667 shares in the company, valued at approximately $1,939,756.21. This represents a 2.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO James Francis Kessler sold 15,700 shares of RB Global stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $97.81, for a total value of $1,535,617.00. Following the completion of the sale, the chief executive officer now owns 107,569 shares of the company's stock, valued at $10,521,323.89. This trade represents a 12.74 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,897 shares of company stock valued at $2,338,161. 4.32% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RBA. National Bankshares cut 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. Raymond James raised their target price on shares of RB Global from $110.00 to $118.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. StockNews.com downgraded shares of RB Global from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. CIBC decreased their target price on shares of RB Global from $109.00 to $108.00 and set an "outperformer" rating for the company in a research note on Monday, February 3rd. Finally, Robert W. Baird raised their target price on RB Global from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $108.56.

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.