MetLife Investment Management LLC Acquires 8,723 Shares of RB Global, Inc. (NYSE:RBA)

MetLife Investment Management LLC grew its position in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 9.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,934 shares of the business services provider's stock after purchasing an additional 8,723 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of RB Global worth $9,376,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Central Pacific Bank Trust Division purchased a new position in RB Global during the fourth quarter worth about $27,000. Versant Capital Management Inc boosted its position in shares of 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 last quarter. Jones Financial Companies Lllp boosted its position in shares of RB Global by 49.4% during the 4th 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 during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of RB Global during the fourth quarter worth about $36,000. Finally, Whipplewood Advisors LLC bought a new position in shares of RB Global in the fourth quarter worth approximately $37,000. Institutional investors own 95.37% of the company's stock.

Insider Activity

In related news, CRO James J. Jeter sold 600 shares of the stock in a transaction dated Friday, March 21st. The shares were 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 of the company's stock, valued at $1,939,756.21. This represents a 2.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO James Francis Kessler sold 15,700 shares of the firm's stock in a transaction dated 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 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 23,897 shares of company stock valued at $2,338,161. Company insiders own 4.32% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on RBA shares. Raymond James lifted their target price on shares of RB Global from $110.00 to $118.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. National Bankshares cut their target price on shares of RB Global from $118.00 to $115.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. StockNews.com cut RB Global from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Royal Bank of Canada lifted their price target on RB Global from $107.00 to $116.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Finally, Robert W. Baird increased their price objective on RB Global from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $111.36.

RB Global Trading Up 0.2 %

Shares of NYSE:RBA traded up $0.22 on Friday, reaching $98.95. 609,872 shares of the company traded hands, compared to its average volume of 1,080,982. The stock has a market capitalization of $18.32 billion, a P/E ratio of 49.23, a price-to-earnings-growth ratio of 4.95 and a beta of 0.90. The business's 50-day simple moving average is $98.40 and its 200 day simple moving average is $93.39. 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 52 week low of $69.83 and a 52 week high of $106.90.

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