Cerity Partners LLC Has $542,000 Stock Holdings in RB Global, Inc. (NYSE:RBA)

Cerity Partners LLC reduced its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 32.0% in the fourth quarter, HoldingsChannel reports. The firm owned 6,012 shares of the business services provider’s stock after selling 2,832 shares during the period. Cerity Partners LLC’s holdings in RB Global were worth $542,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in RBA. Natixis Advisors LLC increased 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 valued at $1,703,000 after acquiring an additional 7,737 shares in the last quarter. Mawer Investment Management Ltd. increased its stake in RB Global by 15.7% during the 4th quarter. Mawer Investment Management Ltd. now owns 120,564 shares of the business services provider’s stock valued at $10,876,000 after purchasing an additional 16,397 shares in the last quarter. Vanguard Group Inc. raised its holdings in RB Global by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 24,916,629 shares of the business services provider’s stock worth $2,248,060,000 after buying an additional 358,752 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in shares of RB Global in the fourth quarter valued at $27,000. Finally, Pictet Asset Management Holding SA grew its holdings in shares of RB Global by 16.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 100,318 shares of the business services provider’s stock valued at $9,050,000 after buying an additional 13,836 shares during the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

RB Global Trading Down 2.3 %

Shares of RBA stock opened at $95.10 on Tuesday. RB Global, Inc. has a 52-week low of $69.83 and a 52-week high of $106.90. The business’s fifty day moving average is $98.24 and its 200 day moving average is $93.08. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.29. The company has a market capitalization of $17.58 billion, a PE ratio of 47.31, a price-to-earnings-growth ratio of 4.95 and a beta of 0.90.

RB Global (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.58 earnings per share 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 company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company posted $0.82 earnings per share. On average, equities research analysts anticipate that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RBA has been the topic of several recent research reports. Raymond James raised their price target 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. CIBC decreased their price target on RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a report on Monday, February 3rd. StockNews.com cut RB Global from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. BMO Capital Markets increased their target price 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. Finally, Robert W. Baird upped their price objective on shares of RB Global from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $108.56.

Insider Buying and Selling

In other news, 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 transaction, the chief executive officer now directly owns 107,569 shares of the company’s stock, valued at approximately $10,521,323.89. This trade represents a 12.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO James J. Jeter sold 7,597 shares of RB Global stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $97.85, for a total value of $743,366.45. Following the completion of the transaction, the executive now directly owns 20,267 shares in the company, valued at $1,983,125.95. This trade represents a 27.26 % decrease in their ownership of the stock. 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. Corporate insiders own 4.32% of the company’s stock.

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.