Running Oak Capital LLC Acquires 20,395 Shares of RB Global, Inc. (NYSE:RBA)

Running Oak Capital LLC raised its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 17.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 134,997 shares of the business services provider’s stock after purchasing an additional 20,395 shares during the quarter. RB Global makes up about 1.8% of Running Oak Capital LLC’s investment portfolio, making the stock its 29th largest position. Running Oak Capital LLC owned approximately 0.07% of RB Global worth $9,030,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC bought a new stake in shares of RB Global during the third quarter worth $26,000. Headlands Technologies LLC acquired a new stake in shares of RB Global during the third quarter worth $26,000. Oakworth Capital Inc. grew its stake in shares of RB Global by 53.3% during the fourth quarter. Oakworth Capital Inc. now owns 466 shares of the business services provider’s stock worth $31,000 after purchasing an additional 162 shares during the period. GAMMA Investing LLC acquired a new stake in shares of RB Global during the fourth quarter worth $54,000. Finally, Oliver Lagore Vanvalin Investment Group grew its stake in shares of RB Global by 63.4% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 1,448 shares of the business services provider’s stock worth $97,000 after purchasing an additional 562 shares during the period. Institutional investors own 95.37% of the company’s stock.

Insider Activity

In related news, insider Darren Jeffrey Watt sold 1,100 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $77.05, for a total transaction of $84,755.00. Following the sale, the insider now owns 21,103 shares of the company’s stock, valued at $1,625,986.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $871,269.12. Following the sale, the executive now owns 30,915 shares of the company’s stock, valued at approximately $2,359,432.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Darren Jeffrey Watt sold 1,100 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were 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 directly owns 21,103 shares in the company, valued at approximately $1,625,986.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,816 shares of company stock valued at $1,133,055. 4.32% of the stock is owned by insiders.

Analysts Set New Price Targets

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

RB Global Stock Performance

NYSE:RBA traded down $0.18 on Thursday, hitting $71.19. The company’s stock had a trading volume of 467,409 shares, compared to its average volume of 790,567. The company has a current ratio of 1.35, a quick ratio of 1.23 and a debt-to-equity ratio of 0.61. The stock has a fifty day moving average of $74.86 and a two-hundred day moving average of $68.25. The firm has a market capitalization of $13.01 billion, a P/E ratio of 84.44, a price-to-earnings-growth ratio of 5.38 and a beta of 0.88. RB Global, Inc. has a one year low of $51.07 and a one year high of $77.99.

RB Global (NYSE:RBA) (TSE:RBA) last released its quarterly earnings data 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. RB Global had a return on equity of 4.19% and a net margin of 5.61%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the company earned $0.40 earnings per share. The business’s revenue for the quarter was up 134.5% compared to the same quarter last year. Research analysts predict that RB Global, Inc. will post 1.9 earnings per share for the current year.

RB Global Company 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.