Chicago Partners Investment Group LLC Invests $237,000 in RB Global, Inc. (NYSE:RBA)

Chicago Partners Investment Group LLC purchased a new stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,762 shares of the business services provider’s stock, valued at approximately $237,000.

A number of other large investors also recently bought and sold shares of the business. Mawer Investment Management Ltd. increased its position in shares of RB Global by 83.4% in the first quarter. Mawer Investment Management Ltd. now owns 104,398 shares of the business services provider’s stock valued at $7,952,000 after buying an additional 47,474 shares in the last quarter. Duality Advisers LP acquired a new stake in shares of RB Global in the first quarter valued at about $842,000. SG Americas Securities LLC raised its stake in shares of RB Global by 365.3% in the 1st quarter. SG Americas Securities LLC now owns 18,069 shares of the business services provider’s stock valued at $1,376,000 after acquiring an additional 14,186 shares during the period. Tectonic Advisors LLC lifted its holdings in shares of RB Global by 7.2% in the 1st quarter. Tectonic Advisors LLC now owns 88,309 shares of the business services provider’s stock worth $6,726,000 after acquiring an additional 5,966 shares during the last quarter. Finally, Orion Portfolio Solutions LLC boosted its position in shares of RB Global by 4.9% during the 1st quarter. Orion Portfolio Solutions LLC now owns 15,359 shares of the business services provider’s stock worth $1,170,000 after purchasing an additional 713 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s stock.

Wall Street Analysts Forecast Growth

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

RB Global Trading Up 1.4 %

Shares of NYSE:RBA opened at $86.62 on Wednesday. RB Global, Inc. has a 52 week low of $58.85 and a 52 week high of $87.45. The company’s 50 day moving average is $83.38 and its two-hundred day moving average is $79.41. The company has a market cap of $15.97 billion, a PE ratio of 48.66, a P/E/G ratio of 5.55 and a beta of 0.92. The company has a current ratio of 1.29, a quick ratio of 1.20 and a debt-to-equity ratio of 0.55.

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

Insider Transactions at RB Global

In other news, insider Darren Jeffrey Watt sold 2,915 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $82.80, for a total transaction of $241,362.00. Following the sale, the insider now owns 19,271 shares of the company’s stock, valued at approximately $1,595,638.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Darren Jeffrey Watt sold 2,915 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $82.80, for a total value of $241,362.00. Following the transaction, the insider now directly owns 19,271 shares of the company’s stock, valued at $1,595,638.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO James Francis Kessler sold 17,883 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $83.09, for a total transaction of $1,485,898.47. Following the completion of the sale, the chief executive officer now directly owns 86,247 shares of the company’s stock, valued at approximately $7,166,263.23. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,601 shares of company stock valued at $3,720,043. 4.10% of the stock is currently owned by corporate insiders.

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.