Running Oak Capital LLC Buys 20,395 Shares of RB Global, Inc. (NYSE:RBA)

Running Oak Capital LLC raised its stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 17.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 134,997 shares of the business services provider’s stock after purchasing an additional 20,395 shares during the quarter. RB Global comprises approximately 1.8% of Running Oak Capital LLC’s holdings, making the stock its 29th biggest position. Running Oak Capital LLC’s holdings in RB Global were worth $9,030,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mariner LLC increased its holdings in RB Global by 3.6% in the 3rd quarter. Mariner LLC now owns 27,567 shares of the business services provider’s stock valued at $1,723,000 after acquiring an additional 946 shares during the last quarter. Triasima Portfolio Management inc. grew its stake in shares of RB Global by 1,152.4% in the 4th quarter. Triasima Portfolio Management inc. now owns 193,118 shares of the business services provider’s stock worth $12,947,000 after buying an additional 177,698 shares in the last quarter. Vontobel Holding Ltd. grew its stake in shares of RB Global by 487.6% in the 4th quarter. Vontobel Holding Ltd. now owns 158,329 shares of the business services provider’s stock worth $10,591,000 after buying an additional 131,383 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of RB Global by 10.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,320,114 shares of the business services provider’s stock worth $645,007,000 after buying an additional 977,171 shares in the last quarter. Finally, FMR LLC grew its stake in shares of RB Global by 49.2% in the 3rd quarter. FMR LLC now owns 42,443 shares of the business services provider’s stock worth $2,656,000 after buying an additional 13,987 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors.

RB Global Stock Down 0.3 %

NYSE:RBA traded down $0.18 during midday trading on Thursday, reaching $71.19. 467,409 shares of the stock traded hands, compared to its average volume of 790,567. The business has a 50-day moving average of $74.86 and a two-hundred day moving average of $68.25. The stock has a market capitalization of $13.01 billion, a PE ratio of 84.44, a price-to-earnings-growth ratio of 5.38 and a beta of 0.88. RB Global, Inc. has a 12-month low of $51.07 and a 12-month high of $77.99. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.23 and a current ratio of 1.35.

RB Global (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings results on Friday, February 23rd. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.14. The business 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 quarterly revenue was up 134.5% on a year-over-year basis. During the same quarter last year, the company posted $0.40 earnings per share. On average, equities analysts forecast that RB Global, Inc. will post 1.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RBA. Raymond James lifted 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. Royal Bank of Canada upped their price target on shares of RB Global from $75.00 to $93.00 and gave the company an “outperform” rating in a report on Monday, February 26th. StockNews.com upgraded shares of RB Global from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Finally, Scotiabank upped their price target on shares of RB Global from $88.00 to $89.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 24th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $83.00.

Insider Transactions at RB Global

In other news, CRO James J. Jeter sold 11,416 shares of the 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 sale, the executive now owns 30,915 shares in the company, valued at $2,359,432.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CRO James J. Jeter sold 11,416 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $76.32, for a total transaction of $871,269.12. Following the sale, the executive now owns 30,915 shares in the company, valued at $2,359,432.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Darren Jeffrey Watt sold 2,300 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $76.97, for a total transaction of $177,031.00. Following the sale, the insider now owns 21,103 shares in the company, valued at approximately $1,624,297.91. The disclosure for this sale can be found here. Insiders have sold 14,816 shares of company stock worth $1,133,055 over the last 90 days. 4.32% of the stock is currently owned by company insiders.

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.