Xponance Inc. Sells 913 Shares of RB Global, Inc. (NYSE:RBA)

Xponance Inc. trimmed its position in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,109 shares of the business services provider’s stock after selling 913 shares during the period. Xponance Inc.’s holdings in RB Global were worth $1,345,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in shares of RB Global in the 3rd quarter valued at about $26,000. Cary Street Partners Investment Advisory LLC bought a new position in RB Global during the third quarter worth about $26,000. Oakworth Capital Inc. increased its position in RB Global by 53.3% during the fourth quarter. Oakworth Capital Inc. now owns 466 shares of the business services provider’s stock worth $31,000 after buying an additional 162 shares during the last quarter. WASHINGTON TRUST Co bought a new stake in RB Global in the third quarter valued at approximately $56,000. Finally, Oliver Lagore Vanvalin Investment Group raised its stake in 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 buying an additional 562 shares during the period. 95.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on RBA shares. Royal Bank of Canada lifted their target price on RB Global from $75.00 to $93.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. Scotiabank lifted 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 report on Wednesday. StockNews.com raised shares of RB Global from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Finally, Raymond James raised their target price 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. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.00.

RB Global Stock Performance

Shares of NYSE RBA opened at $73.37 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.35 and a quick ratio of 1.23. The firm has a market cap of $13.41 billion, a price-to-earnings ratio of 86.32, a P/E/G ratio of 5.51 and a beta of 0.87. The stock’s fifty day moving average price is $74.33 and its two-hundred day moving average price is $68.01. RB Global, Inc. has a one year low of $51.07 and a one year high of $77.99.

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

Insiders Place Their Bets

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

About RB Global

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.