Wrapmanager Inc. Has $410,000 Stock Holdings in RB Global, Inc. (NYSE:RBA)

Wrapmanager Inc. reduced its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 18.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,136 shares of the business services provider’s stock after selling 1,359 shares during the period. Wrapmanager Inc.’s holdings in RB Global were worth $410,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in RB Global by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,030,810 shares of the business services provider’s stock worth $68,951,000 after buying an additional 24,684 shares during the last quarter. Private Advisor Group LLC bought a new position in RB Global in the 4th quarter valued at $260,000. Metis Global Partners LLC boosted its stake in RB Global by 4.3% in the fourth quarter. Metis Global Partners LLC now owns 8,472 shares of the business services provider’s stock worth $567,000 after purchasing an additional 353 shares in the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in shares of RB Global during the fourth quarter worth $317,000. Finally, Running Oak Capital LLC increased its stake in shares of RB Global by 17.8% in the fourth quarter. Running Oak Capital LLC now owns 134,997 shares of the business services provider’s stock valued at $9,030,000 after buying an additional 20,395 shares in the last quarter. Institutional investors own 95.37% of the company’s stock.

Analyst Ratings Changes

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

RB Global Stock Up 1.3 %

RBA traded up $0.95 during trading hours on Thursday, hitting $72.95. 1,252,385 shares of the company’s stock were exchanged, compared to its average volume of 802,271. The stock’s 50-day moving average is $74.46 and its two-hundred day moving average is $68.50. RB Global, Inc. has a 1-year low of $51.07 and a 1-year high of $77.99. The company has a quick ratio of 1.23, a current ratio of 1.35 and a debt-to-equity ratio of 0.61. The stock has a market cap of $13.33 billion, a price-to-earnings ratio of 85.82, a PEG ratio of 5.43 and a beta of 0.88.

RB Global (NYSE:RBA) (TSE:RBA) last released its quarterly earnings data on Friday, February 23rd. The business services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.68 by $0.14. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. RB Global had a return on equity of 4.19% and a net margin of 5.61%. The firm’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 firm posted $0.40 EPS. Sell-side analysts predict that RB Global, Inc. will post 1.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Darren Jeffrey Watt sold 2,300 shares of RB Global stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $76.97, for a total transaction of $177,031.00. Following the completion of the transaction, the insider now directly owns 21,103 shares in the company, valued at approximately $1,624,297.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other RB Global news, insider Darren Jeffrey Watt sold 2,300 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $76.97, for a total transaction of $177,031.00. Following the transaction, the insider now owns 21,103 shares in the company, valued at approximately $1,624,297.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO James J. Jeter sold 11,416 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $76.32, for a total transaction of $871,269.12. Following the completion of the sale, the executive now directly owns 30,915 shares of the company’s stock, valued at approximately $2,359,432.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,816 shares of company stock worth $1,133,055. Company insiders own 4.10% 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.