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

Ossiam trimmed its holdings in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 73.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 hedge funds have also modified their holdings of the company. Central Pacific Bank Trust Division acquired a new stake in RB Global in the fourth quarter valued at $27,000. Versant Capital Management Inc increased its holdings in shares of RB Global by 136.4% in the 4th quarter. Versant Capital Management Inc now owns 305 shares of the business services provider's stock valued at $28,000 after purchasing an additional 176 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of RB Global by 49.4% in the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock valued at $35,000 after purchasing an additional 129 shares during the period. Whipplewood Advisors LLC purchased a new stake in RB Global during the fourth quarter worth about $37,000. Finally, Geneos Wealth Management Inc. purchased a new position in RB Global in the fourth quarter valued at about $40,000. 95.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on RBA shares. StockNews.com lowered RB Global from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Royal Bank of Canada upped their target price on RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. BMO Capital Markets lifted their price target on RB Global from $116.00 to $120.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Robert W. Baird increased their price objective 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, Raymond James lifted their target price on shares of RB Global from $110.00 to $118.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $108.56.

RB Global Stock Performance

Shares of NYSE RBA opened at $96.91 on Wednesday. The company has a 50-day simple moving average of $98.26 and a 200-day simple moving average of $93.11. 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 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, Inc. has a 12 month low of $69.83 and a 12 month high of $106.90.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last released its earnings results on Tuesday, February 18th. The business services provider reported $0.58 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.06 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. On average, equities analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current year.

Insider Activity at RB Global

In related news, CEO James Francis Kessler sold 15,700 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $97.81, for a total value of $1,535,617.00. Following the completion of the sale, the chief executive officer now directly owns 107,569 shares in the company, valued at approximately $10,521,323.89. The trade was a 12.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO James J. Jeter sold 600 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $98.63, for a total transaction of $59,178.00. Following the transaction, the executive now directly owns 19,667 shares in the company, valued at approximately $1,939,756.21. This represents a 2.96 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,897 shares of company stock worth $2,338,161. 4.32% of the stock is currently owned by insiders.

RB Global Company 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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