RB Global, Inc. (NYSE:RBA) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 5.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,765 shares of the business services provider’s stock after selling 5,065 shares during the period. Amalgamated Bank’s holdings in RB Global were worth $7,064,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Intech Investment Management LLC acquired a new stake in RB Global in the first quarter valued at $613,000. Price T Rowe Associates Inc. MD raised its position in shares of RB Global by 25.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 366,625 shares of the business services provider’s stock worth $27,927,000 after acquiring an additional 74,809 shares in the last quarter. Arlington Partners LLC lifted its stake in RB Global by 22.3% during the third quarter. Arlington Partners LLC now owns 49,180 shares of the business services provider’s stock worth $3,958,000 after purchasing an additional 8,961 shares during the last quarter. MJP Associates Inc. ADV boosted its holdings in RB Global by 10.7% in the second quarter. MJP Associates Inc. ADV now owns 4,159 shares of the business services provider’s stock valued at $318,000 after purchasing an additional 401 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in RB Global by 1,177.0% in the first quarter. Cetera Investment Advisers now owns 43,572 shares of the business services provider’s stock valued at $3,319,000 after purchasing an additional 40,160 shares during the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

RB Global Stock Performance

NYSE RBA opened at $89.35 on Thursday. The business’s 50-day moving average price is $83.46 and its 200 day moving average price is $79.48. The company has a quick ratio of 1.20, a current ratio of 1.29 and a debt-to-equity ratio of 0.55. The firm has a market cap of $16.48 billion, a P/E ratio of 50.20, a P/E/G ratio of 5.57 and a beta of 0.92. RB Global, Inc. has a 52-week low of $58.85 and a 52-week high of $89.57.

RB Global (NYSE:RBA) (TSE:RBA) last released its earnings results on Tuesday, August 6th. The business services provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. RB Global had a return on equity of 7.27% and a net margin of 8.67%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was down .9% compared to the same quarter last year. On average, equities research analysts expect that RB Global, Inc. will post 1.92 earnings per share for the current year.

Insider Buying and Selling at RB Global

In other news, CEO James Francis Kessler sold 17,883 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $83.09, for a total value of $1,485,898.47. Following the completion of the sale, the chief executive officer now owns 86,247 shares in the company, valued at approximately $7,166,263.23. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO James Francis Kessler sold 17,883 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $83.09, for a total transaction of $1,485,898.47. Following the completion of the transaction, the chief executive officer now directly owns 86,247 shares of the company’s stock, valued at approximately $7,166,263.23. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CRO James J. Jeter sold 2,920 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $78.96, for a total value of $230,563.20. Following the completion of the sale, the executive now directly owns 23,267 shares of the company’s stock, valued at $1,837,162.32. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,601 shares of company stock valued at $3,720,043. 4.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of RB Global from $80.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Royal Bank of Canada boosted their price target on shares of RB Global from $93.00 to $99.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Bank of America raised their price objective on RB Global from $79.00 to $92.50 and gave the stock a “neutral” rating in a report on Monday, August 26th. BMO Capital Markets began coverage on RB Global in a report on Thursday, September 5th. They issued an “outperform” rating and a $105.00 target price for the company. Finally, Raymond James raised their price target on RB Global from $95.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $92.19.

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.