RB Global
About: RB Global operates the world's largest auction for heavy equipment. The company started as a live auctioneer of industrial equipment; since then it has greatly expanded its operations to include the sale of construction, agricultural, oilfield, and transportation equipment. RB Global operates over 40 live auction sites in more than 12 countries, along with online marketplaces, including IronPlanet, Marketplace-E, and GovPlanet. Its agricultural auctions are frequently much smaller venues and can include liquidations of single farms. The company holds over 300 auctions yearly and sells $6 billion worth of equipment.
Employees: 7,900
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
78% more first-time investments, than exits
New positions opened: 66 | Existing positions closed: 37
6% more funds holding
Funds holding: 417 [Q2] → 441 (+24) [Q3]
0% more capital invested
Capital invested by funds: $13.5B [Q2] → $13.5B (+$46M) [Q3]
5% less call options, than puts
Call options by funds: $38.2M | Put options by funds: $40.3M
5.08% less ownership
Funds ownership: 96.03% [Q2] → 90.95% (-5.08%) [Q3]
6% less funds holding in top 10
Funds holding in top 10: 16 [Q2] → 15 (-1) [Q3]
24% less repeat investments, than reductions
Existing positions increased: 133 | Existing positions reduced: 175
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
CIBC | 22%upside $109 | Outperformer Maintained | 12 Dec 2024 |
RBC Capital Arthur Nagorny 80% 1-year accuracy 4 / 5 met price target | 20%upside $107 | Outperform Maintained | 11 Nov 2024 |
BMO Capital John Gibson 20% 1-year accuracy 1 / 5 met price target | 20%upside $107 | Outperform Maintained | 11 Nov 2024 |
Baird Craig Kennison 34% 1-year accuracy 10 / 29 met price target | 12%upside $100 | Outperform Maintained | 11 Nov 2024 |
Financial journalist opinion
Based on 7 articles about RBA published over the past 30 days
