Members Wealth LLC Decreases Stock Holdings in RB Global, Inc. $RBA

Members Wealth LLC decreased its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 77.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,515 shares of the business services provider’s stock after selling 21,787 shares during the period. Members Wealth LLC’s holdings in RB Global were worth $670,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Central Pacific Bank Trust Division raised its position in RB Global by 41.8% in the 4th quarter. Central Pacific Bank Trust Division now owns 363 shares of the business services provider’s stock worth $37,000 after buying an additional 107 shares during the last quarter. Spire Wealth Management raised its position in RB Global by 1,090.6% in the 3rd quarter. Spire Wealth Management now owns 381 shares of the business services provider’s stock worth $41,000 after buying an additional 349 shares during the last quarter. State of Wyoming purchased a new position in RB Global in the 2nd quarter worth about $46,000. Geneos Wealth Management Inc. raised its position in RB Global by 21.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 540 shares of the business services provider’s stock worth $54,000 after buying an additional 97 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in RB Global by 53.1% in the 1st quarter. NewEdge Advisors LLC now owns 588 shares of the business services provider’s stock worth $59,000 after buying an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on RBA shares. Weiss Ratings raised RB Global from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. Raymond James Financial boosted their target price on RB Global from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. BMO Capital Markets upped their price objective on RB Global from $135.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Royal Bank Of Canada upped their price objective on RB Global from $137.00 to $146.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Finally, Stephens started coverage on RB Global in a research report on Friday, April 17th. They set an “equal weight” rating and a $96.00 price objective for the company. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, RB Global has an average rating of “Moderate Buy” and a consensus price target of $125.13.

RB Global Stock Up 3.6%

RB Global stock opened at $106.30 on Friday. The stock has a market cap of $19.76 billion, a PE ratio of 52.11, a price-to-earnings-growth ratio of 1.56 and a beta of 0.57. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.02 and a current ratio of 1.10. RB Global, Inc. has a one year low of $93.58 and a one year high of $119.58. The stock has a fifty day moving average of $100.61 and a 200 day moving average of $103.41.

RB Global (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings data on Tuesday, February 17th. The business services provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.12. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.17 billion. RB Global had a return on equity of 11.12% and a net margin of 9.33%.RB Global’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 earnings per share. As a group, sell-side analysts predict that RB Global, Inc. will post 4.04 EPS for the current year.

Insider Buying and Selling

In related news, Director Deborah Stein purchased 400 shares of RB Global stock in a transaction on Wednesday, March 18th. The stock was acquired at an average price of $98.74 per share, for a total transaction of $39,496.00. Following the completion of the transaction, the director directly owned 1,400 shares in the company, valued at $138,236. This represents a 40.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.57% of the stock is currently 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.