Signaturefd LLC Buys 190 Shares of RB Global, Inc. (NYSE:RBA)

Signaturefd LLC raised its stake in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 11.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,917 shares of the business services provider’s stock after purchasing an additional 190 shares during the quarter. Signaturefd LLC’s holdings in RB Global were worth $128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. SG Americas Securities LLC grew its position in RB Global by 120.4% in the third quarter. SG Americas Securities LLC now owns 7,089 shares of the business services provider’s stock worth $443,000 after acquiring an additional 3,872 shares in the last quarter. Cigna Investments Inc. New purchased a new position in shares of RB Global in the 3rd quarter worth about $209,000. QV Investors Inc. increased its position in shares of RB Global by 191.6% during the 3rd quarter. QV Investors Inc. now owns 340,710 shares of the business services provider’s stock valued at $21,430,000 after purchasing an additional 223,860 shares during the last quarter. Tectonic Advisors LLC raised its holdings in shares of RB Global by 15.7% during the 3rd quarter. Tectonic Advisors LLC now owns 42,870 shares of the business services provider’s stock valued at $2,679,000 after buying an additional 5,818 shares in the last quarter. Finally, Simon Quick Advisors LLC bought a new stake in RB Global in the 3rd quarter worth approximately $249,000. Hedge funds and other institutional investors own 95.37% of the company’s stock.

RB Global Price Performance

Shares of NYSE RBA opened at $73.69 on Tuesday. The company’s 50-day moving average is $74.69 and its 200 day moving average is $68.19. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.35 and a quick ratio of 1.23. The stock has a market capitalization of $13.47 billion, a P/E ratio of 86.69, a P/E/G ratio of 5.50 and a beta of 0.87. RB Global, Inc. has a 1 year low of $51.07 and a 1 year high of $77.99.

RB Global (NYSE:RBA) (TSE:RBA) last released its earnings results on Friday, February 23rd. The business services provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.14. RB Global had a net margin of 5.61% and a return on equity of 4.19%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the firm earned $0.40 EPS. The company’s revenue was up 134.5% compared to the same quarter last year. On average, sell-side analysts expect that RB Global, Inc. will post 1.9 earnings per share for the current year.

Insider Transactions at RB Global

In related news, insider Darren Jeffrey Watt sold 1,100 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $77.05, for a total transaction of $84,755.00. Following the completion of the transaction, the insider now owns 21,103 shares of the company’s stock, valued at approximately $1,625,986.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CRO James J. Jeter sold 11,416 shares of RB Global stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $76.32, for a total value of $871,269.12. Following the completion of the sale, the executive now directly owns 30,915 shares in the company, valued at approximately $2,359,432.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Darren Jeffrey Watt sold 1,100 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $77.05, for a total transaction of $84,755.00. Following the transaction, the insider now owns 21,103 shares in the company, valued at approximately $1,625,986.15. The disclosure for this sale can be found here. Insiders have sold a total of 14,816 shares of company stock valued at $1,133,055 in the last ninety days. 4.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

RBA has been the topic of several research reports. Scotiabank lifted their price target on shares of RB Global from $88.00 to $89.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 24th. Royal Bank of Canada raised their target price on RB Global from $75.00 to $93.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. Raymond James upped their price target on RB Global from $78.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. Finally, StockNews.com upgraded RB Global from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, RB Global currently has an average rating of “Moderate Buy” and a consensus target price of $83.00.

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.