K.J. Harrison & Partners Inc Sells 7,080 Shares of RB Global, Inc. (NYSE:RBA)

K.J. Harrison & Partners Inc cut its stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,815 shares of the business services provider’s stock after selling 7,080 shares during the period. RB Global accounts for 1.3% of K.J. Harrison & Partners Inc’s investment portfolio, making the stock its 17th largest holding. K.J. Harrison & Partners Inc owned about 0.06% of RB Global worth $7,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in shares of RB Global during the 3rd quarter worth approximately $26,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of RB Global during the 3rd quarter worth approximately $26,000. Oakworth Capital Inc. boosted its holdings in shares of RB Global by 53.3% during the 4th quarter. Oakworth Capital Inc. now owns 466 shares of the business services provider’s stock worth $31,000 after buying an additional 162 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of RB Global during the 4th quarter worth approximately $54,000. Finally, WASHINGTON TRUST Co acquired a new position in shares of RB Global during the third quarter worth approximately $56,000. 95.37% of the stock is currently owned by institutional investors.

RB Global Stock Performance

Shares of RB Global stock traded down $0.17 during trading hours on Friday, hitting $73.16. 456,708 shares of the company’s stock traded hands, compared to its average volume of 803,496. 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 stock has a market capitalization of $13.37 billion, a price-to-earnings ratio of 86.25, a PEG ratio of 5.52 and a beta of 0.87. RB Global, Inc. has a 12-month low of $51.07 and a 12-month high of $77.99. The company has a fifty day simple moving average of $74.51 and a 200-day simple moving average of $68.08.

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

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, insider Darren Jeffrey Watt sold 1,100 shares of RB Global stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $77.05, for a total value of $84,755.00. Following the completion of the sale, the insider now owns 21,103 shares of the company’s stock, valued at approximately $1,625,986.15. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Darren Jeffrey Watt sold 1,100 shares of RB Global stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $77.05, for a total value of $84,755.00. Following the completion of the sale, the insider now owns 21,103 shares of the company’s stock, valued at approximately $1,625,986.15. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CRO James J. Jeter sold 11,416 shares of RB Global 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 transaction, the executive now directly 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 90 days, insiders sold 14,816 shares of company stock valued at $1,133,055. 4.32% of the stock is owned by insiders.

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.