K.J. Harrison & Partners Inc Reduces Stock Holdings in RB Global, Inc. (NYSE:RBA)

K.J. Harrison & Partners Inc decreased its stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 110,815 shares of the business services provider’s stock after selling 7,080 shares during the quarter. RB Global comprises 1.3% of K.J. Harrison & Partners Inc’s portfolio, making the stock its 17th biggest holding. K.J. Harrison & Partners Inc’s holdings in RB Global were worth $7,429,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in shares of RB Global during the 3rd quarter worth approximately $26,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of RB Global during the 3rd quarter worth approximately $26,000. Oakworth Capital Inc. lifted its stake in shares of RB Global by 53.3% during the 4th quarter. Oakworth Capital Inc. now owns 466 shares of the business services provider’s stock worth $31,000 after acquiring an additional 162 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of RB Global during the 4th quarter worth approximately $54,000. Finally, WASHINGTON TRUST Co bought a new stake in shares of RB Global during the 3rd quarter worth approximately $56,000. 95.37% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Darren Jeffrey Watt sold 1,100 shares of RB Global stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $77.05, for a total value of $84,755.00. Following the transaction, the insider now directly owns 21,103 shares in the company, valued at approximately $1,625,986.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Darren Jeffrey Watt sold 1,100 shares of RB Global stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $77.05, for a total value of $84,755.00. Following the transaction, the insider now directly owns 21,103 shares in the company, valued at approximately $1,625,986.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO James J. Jeter sold 11,416 shares of RB Global stock in a transaction 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 $2,359,432.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,816 shares of company stock worth $1,133,055. 4.32% of the stock is currently owned by company insiders.

RB Global Stock Down 0.2 %

NYSE RBA traded down $0.17 on Friday, reaching $73.16. 456,708 shares of the stock traded hands, compared to its average volume of 803,496. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.23 and a current ratio of 1.35. The company has a fifty day moving average price of $74.51 and a 200-day moving average price of $68.08. The company has a market cap of $13.37 billion, a price-to-earnings ratio of 86.25, a PEG ratio of 5.52 and a beta of 0.87. RB Global, Inc. has a 12 month low of $51.07 and a 12 month high of $77.99.

RB Global (NYSE:RBA) (TSE:RBA) last issued its earnings results on Friday, February 23rd. The business services provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.14. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.04 billion. RB Global had a return on equity of 4.19% and a net margin of 5.61%. RB Global’s revenue was up 134.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 EPS. As a group, research analysts forecast that RB Global, Inc. will post 1.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RBA. StockNews.com raised RB Global from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. Raymond James raised their price target on RB Global from $78.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. Royal Bank of Canada raised their price target on RB Global from $75.00 to $93.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. Finally, Scotiabank lifted their target price on RB Global from $88.00 to $89.00 and gave the company a “sector outperform” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus 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.