RB Global, Inc. (NYSE:RBA) Shares Sold by Ossiam

Ossiam reduced its position in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 73.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,148 shares of the business services provider's stock after selling 11,277 shares during the period. Ossiam's holdings in RB Global were worth $374,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Natixis Advisors LLC boosted its holdings in shares of RB Global by 69.5% in the 4th quarter. Natixis Advisors LLC now owns 18,877 shares of the business services provider's stock valued at $1,703,000 after buying an additional 7,737 shares in the last quarter. Mawer Investment Management Ltd. lifted its position in RB Global by 15.7% in the fourth quarter. Mawer Investment Management Ltd. now owns 120,564 shares of the business services provider's stock valued at $10,876,000 after acquiring an additional 16,397 shares during the last quarter. Vanguard Group Inc. boosted its stake in RB Global by 1.5% in 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 acquiring an additional 358,752 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of RB Global during the fourth quarter worth about $27,000. Finally, Pictet Asset Management Holding SA increased its position in shares of RB Global by 16.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 100,318 shares of the business services provider's stock worth $9,050,000 after purchasing an additional 13,836 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company's stock.

RB Global Stock Performance

Shares of RBA stock traded down $0.58 during mid-day trading on Monday, hitting $98.40. The stock had a trading volume of 249,010 shares, compared to its average volume of 1,080,240. RB Global, Inc. has a fifty-two week low of $69.83 and a fifty-two week high of $106.90. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17. The company's 50-day simple moving average is $98.40 and its 200-day simple moving average is $93.58. The firm has a market cap of $18.22 billion, a PE ratio of 48.94, a PEG ratio of 4.95 and a beta of 0.90.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. StockNews.com downgraded RB Global from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. BMO Capital Markets raised their target price on shares of RB Global from $116.00 to $120.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Royal Bank of Canada upped their price target on shares of RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. CIBC lowered their price objective on shares of RB Global from $109.00 to $108.00 and set an "outperformer" rating on the stock in a research report on Monday, February 3rd. Finally, Raymond James upped their target price on shares of RB Global from $110.00 to $118.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $111.36.

Insider Buying and Selling

In related 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO James J. Jeter sold 7,597 shares of the company's 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 completion of the transaction, the executive now owns 20,267 shares in the company, valued at approximately $1,983,125.95. This trade represents a 27.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,897 shares of company stock worth $2,338,161 in the last three months. Corporate insiders own 4.32% of the company's stock.

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.