Yousif Capital Management LLC Acquires 1,455 Shares of RB Global, Inc. (NYSE:RBA)

Yousif Capital Management LLC boosted its stake in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 41.7% during the fourth quarter, Holdings Channel reports. The fund owned 4,943 shares of the business services provider’s stock after acquiring an additional 1,455 shares during the period. Yousif Capital Management LLC’s holdings in RB Global were worth $331,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mariner LLC increased its holdings in shares of RB Global by 3.6% in the third quarter. Mariner LLC now owns 27,567 shares of the business services provider’s stock valued at $1,723,000 after purchasing an additional 946 shares in the last quarter. Triasima Portfolio Management inc. raised its position in shares of RB Global by 1,152.4% during the fourth quarter. Triasima Portfolio Management inc. now owns 193,118 shares of the business services provider’s stock worth $12,947,000 after acquiring an additional 177,698 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in shares of RB Global by 487.6% during the fourth quarter. Vontobel Holding Ltd. now owns 158,329 shares of the business services provider’s stock valued at $10,591,000 after acquiring an additional 131,383 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in RB Global by 10.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 10,320,114 shares of the business services provider’s stock valued at $645,007,000 after acquiring an additional 977,171 shares during the last quarter. Finally, FMR LLC increased its position in RB Global by 49.2% in the third quarter. FMR LLC now owns 42,443 shares of the business services provider’s stock worth $2,656,000 after purchasing an additional 13,987 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s stock.

Wall Street Analysts Forecast Growth

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

RB Global Trading Down 2.0 %

NYSE:RBA opened at $70.80 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.35 and a quick ratio of 1.23. RB Global, Inc. has a fifty-two week low of $51.07 and a fifty-two week high of $77.99. The business’s 50-day simple moving average is $74.70 and its 200-day simple moving average is $68.39. The stock has a market capitalization of $12.94 billion, a PE ratio of 83.29, a price-to-earnings-growth ratio of 5.43 and a beta of 0.88.

RB Global (NYSE:RBA) (TSE:RBA) last released its quarterly earnings results on Friday, February 23rd. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.14. The firm had revenue of $1.04 billion for 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 company’s revenue for the quarter was up 134.5% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS. Sell-side analysts expect that RB Global, Inc. will post 1.9 earnings per share for the current fiscal year.

Insider Buying and Selling at RB Global

In other news, insider Darren Jeffrey Watt sold 2,300 shares of the firm’s stock in a transaction that occurred 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other RB Global news, 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 transaction of $177,031.00. Following the sale, the insider now directly owns 21,103 shares of the company’s stock, valued at approximately $1,624,297.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CRO James J. Jeter sold 11,416 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $2,359,432.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,816 shares of company stock worth $1,133,055. 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.