Cerity Partners LLC Sells 2,832 Shares of RB Global, Inc. (NYSE:RBA)

Cerity Partners LLC reduced its position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 32.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,012 shares of the business services provider’s stock after selling 2,832 shares during the period. Cerity Partners LLC’s holdings in RB Global were worth $542,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Central Pacific Bank Trust Division acquired a new stake in shares of RB Global during the 4th quarter worth about $27,000. Versant Capital Management Inc boosted its holdings in shares of RB Global by 136.4% during the fourth quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock worth $28,000 after acquiring an additional 176 shares during the period. Jones Financial Companies Lllp increased its stake in shares of RB Global by 49.4% during the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider’s stock worth $35,000 after purchasing an additional 129 shares during the period. Proficio Capital Partners LLC acquired a new stake in RB Global during the 4th quarter worth approximately $36,000. Finally, Whipplewood Advisors LLC bought a new stake in RB Global in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 95.37% of the company’s stock.

RB Global Stock Down 2.3 %

RBA stock opened at $95.10 on Tuesday. The stock has a market capitalization of $17.58 billion, a P/E ratio of 47.31, a price-to-earnings-growth ratio of 4.95 and a beta of 0.90. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $98.24 and a 200-day moving average price of $93.08. RB Global, Inc. has a 12 month low of $69.83 and a 12 month high of $106.90.

RB Global (NYSE:RBA) (TSE:RBA) last posted its earnings results on Tuesday, February 18th. The business services provider reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.23). RB Global had a return on equity of 8.00% and a net margin of 9.64%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm posted $0.82 EPS. As a group, equities research analysts anticipate that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO James Francis Kessler sold 15,700 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $97.81, for a total transaction of $1,535,617.00. Following the completion of the transaction, the chief executive officer now directly owns 107,569 shares of the company’s stock, valued at $10,521,323.89. This trade represents a 12.74 % decrease in their position. 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 600 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $98.63, for a total value of $59,178.00. Following the completion of the sale, the executive now owns 19,667 shares in the company, valued at $1,939,756.21. This trade represents a 2.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,897 shares of company stock valued at $2,338,161 in the last 90 days. Corporate insiders own 4.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. National Bankshares reduced their target price on shares of RB Global from $118.00 to $115.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. BMO Capital Markets increased their target price on shares of RB Global from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Royal Bank of Canada lifted their price target on shares of RB Global from $107.00 to $116.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Robert W. Baird increased their price target on RB Global from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Finally, CIBC dropped their price objective on RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a report on Monday, February 3rd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.56.

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.