Janus Henderson Group PLC Boosts Holdings in RB Global, Inc. (NYSE:RBA)

Janus Henderson Group PLC boosted its position in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,403,086 shares of the business services provider’s stock after buying an additional 19,895 shares during the quarter. Janus Henderson Group PLC’s holdings in RB Global were worth $307,033,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Natixis Advisors LLC boosted its stake in RB Global by 69.5% during the fourth quarter. Natixis Advisors LLC now owns 18,877 shares of the business services provider’s stock worth $1,703,000 after buying an additional 7,737 shares during the period. Mawer Investment Management Ltd. lifted its position in shares of RB Global by 15.7% during the fourth quarter. Mawer Investment Management Ltd. now owns 120,564 shares of the business services provider’s stock worth $10,876,000 after purchasing an additional 16,397 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of RB Global by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 24,916,629 shares of the business services provider’s stock worth $2,248,060,000 after purchasing an additional 358,752 shares during the last quarter. MetLife Investment Management LLC lifted its position in shares of RB Global by 9.2% during the fourth quarter. MetLife Investment Management LLC now owns 103,934 shares of the business services provider’s stock worth $9,376,000 after purchasing an additional 8,723 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its position in shares of RB Global by 16.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 100,318 shares of the business services provider’s stock worth $9,050,000 after purchasing an additional 13,836 shares during the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. CIBC lifted their target price on RB Global from $116.00 to $118.00 and gave the stock an “outperformer” rating in a research report on Friday. BMO Capital Markets lifted their target price on RB Global from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Raymond James lifted their target price on RB Global from $118.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday. National Bankshares decreased their price objective on RB Global from $118.00 to $115.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Finally, Royal Bank of Canada lifted their price objective on RB Global from $107.00 to $116.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, RB Global has a consensus rating of “Moderate Buy” and a consensus target price of $114.50.

Insider Transactions at RB Global

In related news, CRO James J. Jeter sold 7,597 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $97.85, for a total value of $743,366.45. Following the sale, the executive now owns 20,267 shares in the company, valued at $1,983,125.95. This represents a 27.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James Francis Kessler sold 15,700 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $97.81, for a total value of $1,535,617.00. Following the completion of the sale, the chief executive officer now owns 107,569 shares in the company, valued at approximately $10,521,323.89. This represents a 12.74% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,897 shares of company stock worth $2,338,161. Insiders own 4.32% of the company’s stock.

RB Global Stock Performance

Shares of RB Global stock opened at $105.91 on Monday. The company has a market capitalization of $19.61 billion, a PE ratio of 52.69, a P/E/G ratio of 4.95 and a beta of 0.78. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.29. The company has a 50-day simple moving average of $98.33 and a two-hundred day simple moving average of $94.93. RB Global, Inc. has a one year low of $70.27 and a one year high of $107.37.

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

RB Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.10%. RB Global’s dividend payout ratio is presently 57.14%.

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.