GAMMA Investing LLC Acquires Shares of 843 RB Global, Inc. (NYSE:RBA)

GAMMA Investing LLC purchased a new stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 843 shares of the business services provider’s stock, valued at approximately $54,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Cary Street Partners Investment Advisory LLC acquired a new position in shares of RB Global in the third quarter valued at about $26,000. Headlands Technologies LLC acquired a new position in shares of RB Global in the third quarter valued at about $26,000. Oakworth Capital Inc. grew its stake in shares of RB Global by 53.3% in the fourth quarter. Oakworth Capital Inc. now owns 466 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 162 shares in the last quarter. Oliver Lagore Vanvalin Investment Group grew its stake in shares of RB Global by 63.4% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 1,448 shares of the business services provider’s stock valued at $97,000 after acquiring an additional 562 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of RB Global by 132.1% in the third quarter. Signaturefd LLC now owns 1,727 shares of the business services provider’s stock valued at $108,000 after acquiring an additional 983 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RBA has been the topic of a number of analyst reports. Royal Bank of Canada increased their price objective on shares of RB Global from $75.00 to $93.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. Scotiabank increased their price objective 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. Raymond James increased their price objective on shares of RB Global from $78.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. Finally, StockNews.com upgraded shares of RB Global from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. One equities 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.00.

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 shares were sold at an average price of $77.05, for a total value of $84,755.00. Following the completion of the transaction, the insider now owns 21,103 shares in the company, valued at approximately $1,625,986.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CRO James J. Jeter sold 11,416 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $76.32, for a total value of $871,269.12. Following the completion of the transaction, the executive now owns 30,915 shares in the company, valued at approximately $2,359,432.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Darren Jeffrey Watt sold 1,100 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,816 shares of company stock valued at $1,133,055. 4.32% of the stock is currently owned by insiders.

RB Global Stock Down 0.4 %

RBA stock opened at $71.32 on Thursday. The stock has a market capitalization of $13.03 billion, a P/E ratio of 83.91, a price-to-earnings-growth ratio of 5.38 and a beta of 0.88. The company has a current ratio of 1.35, a quick ratio of 1.23 and a debt-to-equity ratio of 0.61. RB Global, Inc. has a 12 month low of $51.07 and a 12 month high of $77.99. The firm has a 50-day moving average price of $74.86 and a 200-day moving average price of $68.25.

RB Global (NYSE:RBA) (TSE:RBA) last posted its earnings results on Friday, February 23rd. The business services provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.14. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.04 billion. RB Global had a net margin of 5.61% and a return on equity of 4.19%. The business’s revenue for the quarter was up 134.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 earnings per share. As a group, equities research analysts anticipate that RB Global, Inc. will post 1.9 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.