RB Global, Inc. Receives Increased Stake from Arlington Partners LLC

October 21, 2024 05:00 PM PDT | By Team Kalkine Media

Google News:

RB Global, Inc. Receives Increased Stake from Arlington Partners LLC — Image source: Shutterstocks

Recent News

Kalkine Valens Semiconductor Joins NYSE Composite Amid Rising Sector A...

Kalkine FinVolution Group’s Role in the NYSE Composite Landscape

CoreCard Co. Listed in Russell 1000 Index by Kalkine

S&P 500 Chart with Kalkine Key Trends and Market Movements

Headlines

Arlington Partners LLC expands its stake in RB Global, Inc.

Key institutional investors, including Vanguard and Principal Financial, increase their holdings.

Recent insider transactions reveal significant stock sales by company executives.

Arlington Partners LLC has expanded its investment in RB Global, Inc. (NYSE:RBA), boosting its stake by a significant margin in the third quarter. The latest filing with the SEC revealed that Arlington Partners now holds a notable number of shares in the business services provider. This move reflects the confidence that institutional investors continue to place in RB Global, Inc.

Other prominent hedge funds have also adjusted their stakes in the company. Vanguard Group Inc. increased its position, holding a large portion of the company’s shares. Similarly, Bank of New York Mellon Corp saw substantial growth in its position, adding a significant number of shares in the last quarter. CIBC Asset Management Inc. and Principal Financial Group Inc. also expanded their positions, indicating growing institutional interest in RB Global.

Additionally, insider transactions have caught attention. CEO James Francis Kessler recently sold shares in the company, with the transaction publicly disclosed. Other executives, including CRO James J. Jeter, were also involved in stock sales over recent months. These transactions, while reducing their positions, are a standard practice for company insiders and are carefully monitored by regulatory bodies.

RB Global remains under the spotlight for its consistent institutional backing, as 95.37% of its shares are held by hedge funds and other institutional investors. Meanwhile, recent insider activity adds another layer of interest to the company’s evolving narrative.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.