MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Holdings in RB Global, Inc. (NYSE:RBA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 15.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,354 shares of the business services provider’s stock after purchasing an additional 4,126 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in RB Global were worth $2,829,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CoreCap Advisors LLC increased its holdings in shares of RB Global by 74.5% in the fourth quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 117 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in RB Global by 49.4% during the 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider’s stock worth $35,000 after acquiring an additional 129 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in RB Global during the 4th quarter worth approximately $37,000. Geneos Wealth Management Inc. purchased a new position in shares of RB Global in the fourth quarter valued at $40,000. Finally, SRS Capital Advisors Inc. increased its position in shares of RB Global by 163.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 645 shares of the business services provider’s stock worth $58,000 after acquiring an additional 400 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors.

RB Global Stock Up 0.3%

Shares of RBA opened at $108.99 on Wednesday. The stock has a fifty day moving average of $99.46 and a 200-day moving average of $95.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.29. RB Global, Inc. has a 52 week low of $70.27 and a 52 week high of $109.11. The stock has a market capitalization of $20.18 billion, a price-to-earnings ratio of 54.22, a PEG ratio of 4.95 and a beta of 0.78.

RB Global (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.89. RB Global had a net margin of 9.64% and a return on equity of 8.00%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the firm posted $0.90 EPS. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, May 29th. RB Global’s payout ratio is 57.14%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RBA. StockNews.com upgraded RB Global from a “hold” rating to a “buy” rating in a research note on Tuesday. CIBC lifted their price target on RB Global from $116.00 to $118.00 and gave the company an “outperformer” rating in a research report on Friday, May 9th. Raymond James upped their price target on shares of RB Global from $118.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. Robert W. Baird increased their target price on shares of RB Global from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. Finally, BMO Capital Markets raised their price objective on shares of RB Global from $116.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, RB Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.50.

Insider Transactions at RB Global

In other news, CEO James Francis Kessler sold 15,700 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $97.81, for a total transaction of $1,535,617.00. Following the transaction, the chief executive officer now directly owns 107,569 shares in the company, valued at $10,521,323.89. The trade was a 12.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO James J. Jeter sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $106.96, for a total transaction of $213,920.00. Following the transaction, the executive now directly owns 14,167 shares of the company’s stock, valued at $1,515,302.32. The trade was a 12.37% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,472 shares of company stock worth $3,867,745. Company insiders own 4.32% of the company’s stock.

About RB Global

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.