Yousif Capital Management LLC Increases Position in RB Global, Inc. (NYSE:RBA)

Yousif Capital Management LLC increased its stake in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 41.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,943 shares of the business services provider’s stock after buying an additional 1,455 shares during the period. Yousif Capital Management LLC’s holdings in RB Global were worth $331,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RBA. Oakworth Capital Inc. boosted its stake 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 acquiring an additional 162 shares in the last quarter. Signaturefd LLC grew its holdings in RB Global by 11.0% in the fourth quarter. Signaturefd LLC now owns 1,917 shares of the business services provider’s stock valued at $128,000 after purchasing an additional 190 shares during the last quarter. Claret Asset Management Corp increased its position 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 buying an additional 238 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of RB Global by 0.3% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 103,115 shares of the business services provider’s stock worth $6,445,000 after buying an additional 280 shares during the last quarter. Finally, Mutual Advisors LLC boosted its position in shares of RB Global by 6.9% in the 4th quarter. Mutual Advisors LLC now owns 4,786 shares of the business services provider’s stock worth $320,000 after buying an additional 309 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Darren Jeffrey Watt sold 2,300 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $76.97, for a total transaction of $177,031.00. Following the completion of the transaction, the insider now owns 21,103 shares of the company’s stock, valued at $1,624,297.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CRO James J. Jeter sold 11,416 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $76.32, for a total transaction of $871,269.12. Following the completion of the sale, the executive now owns 30,915 shares in the company, valued at approximately $2,359,432.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Darren Jeffrey Watt sold 2,300 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $76.97, for a total transaction of $177,031.00. Following the completion of the transaction, the insider now owns 21,103 shares in the company, valued at approximately $1,624,297.91. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,816 shares of company stock valued at $1,133,055. Insiders own 4.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. StockNews.com upgraded shares of RB Global from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Royal Bank of Canada increased their target price on RB Global from $75.00 to $93.00 and gave the company an “outperform” rating in a report on Monday, February 26th. Raymond James boosted their price target on RB Global from $78.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Finally, Scotiabank increased their price objective on RB Global from $88.00 to $89.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $83.00.

RB Global Trading Down 2.0 %

Shares of RBA opened at $70.80 on Tuesday. RB Global, Inc. has a fifty-two week low of $51.07 and a fifty-two week high of $77.99. The stock has a fifty day moving average of $74.70 and a two-hundred day moving average of $68.39. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.23 and a current ratio of 1.35. The company has a market capitalization of $12.94 billion, a PE ratio of 83.29, a price-to-earnings-growth ratio of 5.43 and a beta of 0.88.

RB Global (NYSE:RBA) (TSE:RBA) last released its earnings results 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. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.04 billion. RB Global had a return on equity of 4.19% and a net margin of 5.61%. The firm’s revenue for the quarter was up 134.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 earnings per share. As a group, analysts forecast that RB Global, Inc. will post 1.9 EPS for the current year.

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.