RB Global, Inc. $RBA Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 29.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,382 shares of the business services provider’s stock after selling 33,398 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in RB Global were worth $8,063,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Geneos Wealth Management Inc. grew its holdings in RB Global by 21.9% during the first quarter. Geneos Wealth Management Inc. now owns 540 shares of the business services provider’s stock worth $54,000 after acquiring an additional 97 shares during the period. Coldstream Capital Management Inc. grew its holdings in RB Global by 5.4% during the third quarter. Coldstream Capital Management Inc. now owns 2,044 shares of the business services provider’s stock worth $221,000 after acquiring an additional 105 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in RB Global by 12.9% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 938 shares of the business services provider’s stock worth $102,000 after acquiring an additional 107 shares during the period. Central Pacific Bank Trust Division grew its holdings in RB Global by 41.8% during the fourth quarter. Central Pacific Bank Trust Division now owns 363 shares of the business services provider’s stock worth $37,000 after acquiring an additional 107 shares during the period. Finally, Xponance Inc. grew its holdings in RB Global by 0.5% during the third quarter. Xponance Inc. now owns 22,039 shares of the business services provider’s stock worth $2,388,000 after acquiring an additional 118 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. BMO Capital Markets upped their target price on RB Global from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Weiss Ratings raised RB Global from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 26th. Royal Bank Of Canada upped their target price on RB Global from $137.00 to $146.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Stephens assumed coverage on RB Global in a report on Friday, April 17th. They issued an “equal weight” rating and a $96.00 target price on the stock. Finally, Raymond James Financial upped their target price on RB Global from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $125.13.

Insiders Place Their Bets

In other RB Global news, Director Deborah Stein bought 400 shares of RB Global stock in a transaction that occurred on Wednesday, March 18th. The shares were purchased at an average cost of $98.74 per share, for a total transaction of $39,496.00. Following the completion of the transaction, the director owned 1,400 shares of the company’s stock, valued at $138,236. This represents a 40.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.57% of the company’s stock.

RB Global Stock Up 3.6%

RBA opened at $106.30 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.10 and a debt-to-equity ratio of 0.41. The firm has a market cap of $19.76 billion, a P/E ratio of 52.11, a PEG ratio of 1.56 and a beta of 0.57. RB Global, Inc. has a 52 week low of $93.58 and a 52 week high of $119.58. The business’s fifty day simple moving average is $100.61 and its 200 day simple moving average is $103.41.

RB Global (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings data on Tuesday, February 17th. The business services provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.12. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.17 billion. RB Global had a return on equity of 11.12% and a net margin of 9.33%.The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.95 earnings per share. As a group, equities research analysts anticipate that RB Global, Inc. will post 4.04 EPS for the current fiscal year.

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.