Barclays PLC Purchases 63,624 Shares of RB Global, Inc. (NYSE:RBA)

Barclays PLC boosted its stake in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 162.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,717 shares of the business services provider's stock after purchasing an additional 63,624 shares during the quarter. Barclays PLC owned about 0.06% of RB Global worth $9,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in RBA. Central Pacific Bank Trust Division purchased a new stake in RB Global during the fourth quarter valued at about $27,000. Versant Capital Management Inc boosted its holdings in RB Global by 136.4% during the 4th quarter. Versant Capital Management Inc now owns 305 shares of the business services provider's stock valued at $28,000 after acquiring an additional 176 shares during the period. Jones Financial Companies Lllp grew its position in RB Global by 49.4% during the 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock worth $35,000 after acquiring an additional 129 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in RB Global in the 4th quarter worth approximately $36,000. Finally, Whipplewood Advisors LLC bought a new stake in RB Global in the fourth quarter valued at approximately $37,000. 95.37% of the stock is owned by institutional investors.

RB Global Stock Up 2.1 %

RBA stock opened at $96.91 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average of $98.26 and a 200 day moving average of $93.11. RB Global, Inc. has a twelve month low of $69.83 and a twelve month high of $106.90. The firm has a market cap of $17.91 billion, a PE ratio of 48.22, a price-to-earnings-growth ratio of 4.95 and a beta of 0.90.

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

Insider Buying and Selling

In other news, CRO James J. Jeter sold 600 shares of the business's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $98.63, for a total transaction of $59,178.00. Following the completion of the transaction, the executive now directly owns 19,667 shares of the company's stock, valued at $1,939,756.21. The trade was a 2.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James Francis Kessler sold 15,700 shares of RB Global 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 completion of the sale, the chief executive officer now directly owns 107,569 shares of the company's stock, valued at approximately $10,521,323.89. This trade represents a 12.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,897 shares of company stock worth $2,338,161 in the last three months. Insiders own 4.32% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on RBA. CIBC lowered their price target on shares of RB Global from $109.00 to $108.00 and set an "outperformer" rating for the company in a report on Monday, February 3rd. National Bankshares reduced their price target on RB Global from $118.00 to $115.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Raymond James lifted 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. Royal Bank of Canada lifted their price target on shares of RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Finally, StockNews.com lowered shares of RB Global from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $108.56.

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.

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