Sterling Capital Management LLC Acquires 3,873 Shares of RB Global, Inc. (NYSE:RBA)

Sterling Capital Management LLC increased its holdings in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 55.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,853 shares of the business services provider's stock after purchasing an additional 3,873 shares during the period. Sterling Capital Management LLC's holdings in RB Global were worth $979,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in RBA. Vanguard Group Inc. grew its holdings in RB Global by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 24,916,629 shares of the business services provider's stock valued at $2,248,060,000 after purchasing an additional 358,752 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in RB Global by 9.8% in the 4th quarter. Vontobel Holding Ltd. now owns 8,451,146 shares of the business services provider's stock worth $762,378,000 after acquiring an additional 753,700 shares during the period. Geode Capital Management LLC lifted its position in RB Global by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 3,967,159 shares of the business services provider's stock worth $357,434,000 after acquiring an additional 264,778 shares during the last quarter. Boston Partners lifted its position in RB Global by 6.9% during the 4th quarter. Boston Partners now owns 3,308,977 shares of the business services provider's stock worth $298,500,000 after acquiring an additional 214,181 shares during the last quarter. Finally, Fiera Capital Corp grew its position in shares of RB Global by 4.1% in the fourth quarter. Fiera Capital Corp now owns 3,216,507 shares of the business services provider's stock valued at $290,000,000 after purchasing an additional 125,275 shares during the last quarter. Institutional investors and hedge funds own 95.37% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RBA. Raymond James boosted their price objective on RB Global from $110.00 to $118.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. 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. CIBC dropped their price objective 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. Robert W. Baird increased their target price on shares of RB Global from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Finally, StockNews.com lowered RB Global from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, RB Global has a consensus rating of "Moderate Buy" and an average target price of $108.56.

Insider Activity at RB Global

In other RB Global news, CRO James J. Jeter sold 7,597 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $97.85, for a total transaction of $743,366.45. Following the sale, the executive now owns 20,267 shares of the company's stock, valued at $1,983,125.95. This represents a 27.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James Francis Kessler sold 15,700 shares of the company's 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 transaction, the chief executive officer now owns 107,569 shares in the company, valued at $10,521,323.89. The trade was a 12.74 % decrease in their ownership of the stock. 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 three months. Corporate insiders own 4.32% of the company's stock.

RB Global Price Performance

Shares of NYSE RBA traded down $1.43 during midday trading on Monday, reaching $95.95. 59,708 shares of the company traded hands, compared to its average volume of 1,074,126. The stock's 50-day simple moving average is $98.22 and its 200-day simple moving average is $92.99. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.29. RB Global, Inc. has a 12 month low of $69.83 and a 12 month high of $106.90. The firm has a market cap of $17.73 billion, a PE ratio of 47.76, a PEG ratio of 4.95 and a beta of 0.90.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last released its quarterly 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). The firm 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 quarter last year, the firm earned $0.82 earnings per share. As a group, equities analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global 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.