Oakworth Capital Inc. Acquires 162 Shares of RB Global, Inc. (NYSE:RBA)

Oakworth Capital Inc. grew its stake in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 53.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 466 shares of the business services provider’s stock after buying an additional 162 shares during the period. Oakworth Capital Inc.’s holdings in RB Global were worth $31,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Parkside Financial Bank & Trust boosted its stake in RB Global by 5.9% during the second quarter. Parkside Financial Bank & Trust now owns 3,388 shares of the business services provider’s stock valued at $203,000 after buying an additional 189 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of RB Global by 1.6% in the second quarter. Orion Portfolio Solutions LLC now owns 14,874 shares of the business services provider’s stock valued at $892,000 after purchasing an additional 237 shares in the last quarter. Claret Asset Management Corp grew its holdings in shares of RB Global by 1.7% in the third quarter. Claret Asset Management Corp now owns 14,217 shares of the business services provider’s stock valued at $889,000 after purchasing an additional 238 shares in the last quarter. Mariner LLC increased its position in RB Global by 2.4% in the first quarter. Mariner LLC now owns 10,469 shares of the business services provider’s stock worth $618,000 after purchasing an additional 248 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in RB Global by 0.3% during the third quarter. State Board of Administration of Florida Retirement System now owns 103,115 shares of the business services provider’s stock valued at $6,445,000 after purchasing an additional 280 shares in the last quarter. Institutional investors own 95.37% of the company’s stock.

RB Global Stock Down 1.0 %

Shares of NYSE RBA opened at $72.49 on Friday. The company has a market cap of $13.25 billion, a P/E ratio of 85.28, a PEG ratio of 5.56 and a beta of 0.87. The firm has a 50-day simple moving average of $74.02 and a two-hundred day simple moving average of $67.74. RB Global, Inc. has a 1 year low of $51.07 and a 1 year high of $77.99. 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 (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings results on Friday, February 23rd. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.14. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.04 billion. RB Global had a return on equity of 4.19% and a net margin of 5.61%. RB Global’s quarterly revenue was up 134.5% compared to the same quarter last year. During the same period last year, the company earned $0.40 EPS. Research analysts anticipate that RB Global, Inc. will post 1.88 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RBA shares. Raymond James boosted their target price on shares of RB Global from $78.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Royal Bank of Canada upped their price objective on RB Global from $75.00 to $93.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. StockNews.com upgraded RB Global from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Finally, Scotiabank boosted their target price on RB Global from $76.00 to $88.00 and gave the company a “sector outperform” rating in a research report on Monday, February 26th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.80.

Insider Transactions at RB Global

In other news, insider Darren Jeffrey Watt sold 2,300 shares of the company’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 transaction, the insider now directly owns 21,103 shares in the company, valued at $1,624,297.91. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other RB Global 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 transaction of $871,269.12. Following the transaction, the executive now directly owns 30,915 shares in the company, valued at approximately $2,359,432.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Darren Jeffrey Watt sold 2,300 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $76.97, for a total value of $177,031.00. Following the completion of the sale, the insider now owns 21,103 shares of the company’s stock, valued at $1,624,297.91. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,816 shares of company stock worth $1,133,055. 4.32% of the stock is currently owned by insiders.

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.