Mariner LLC Has $4.34 Million Position in RB Global, Inc. (NYSE:RBA)

Mariner LLC lifted its position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 32.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,124 shares of the business services provider's stock after acquiring an additional 11,767 shares during the period. Mariner LLC's holdings in RB Global were worth $4,341,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Natixis Advisors LLC boosted its holdings in shares of RB Global by 69.5% during the fourth quarter. Natixis Advisors LLC now owns 18,877 shares of the business services provider's stock worth $1,703,000 after purchasing an additional 7,737 shares during the period. Mawer Investment Management Ltd. raised its holdings in shares of RB Global by 15.7% during the fourth quarter. Mawer Investment Management Ltd. now owns 120,564 shares of the business services provider's stock worth $10,876,000 after acquiring an additional 16,397 shares in the last quarter. Vanguard Group Inc. grew 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 purchasing an additional 358,752 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in RB Global in the 4th quarter worth about $27,000. Finally, Pictet Asset Management Holding SA raised its stake in shares of RB Global by 16.0% during the 4th 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. 95.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other RB Global 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 completion of the transaction, the chief executive officer now directly owns 107,569 shares in the company, valued at $10,521,323.89. This represents a 12.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO James J. Jeter sold 7,597 shares of the business's stock in a transaction on 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 sale, the executive now owns 20,267 shares in the company, valued at $1,983,125.95. This represents a 27.26 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,897 shares of company stock worth $2,338,161. Corporate insiders own 4.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on RBA shares. StockNews.com downgraded RB Global from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. BMO Capital Markets raised their price target on shares of RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. National Bankshares lowered their target price on shares of 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 boosted their price target on RB Global from $110.00 to $118.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Finally, Royal Bank of Canada boosted their price objective on shares of RB Global from $107.00 to $116.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $108.56.

RB Global Stock Performance

Shares of RBA traded up $0.45 during trading hours on Thursday, reaching $98.69. 554,848 shares of the company traded hands, compared to its average volume of 1,077,812. RB Global, Inc. has a 1-year low of $69.83 and a 1-year high of $106.90. The stock has a market cap of $18.24 billion, a P/E ratio of 49.10, a price-to-earnings-growth ratio of 4.95 and a beta of 0.90. The stock's fifty day moving average is $98.30 and its 200 day moving average is $93.15. 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 (NYSE:RBA - Get Free Report) TSE: RBA last released its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.81 by ($0.23). The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate 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 in the prior year, the firm posted $0.82 earnings per share. Equities research 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.