MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 4,126 Shares of RB Global, Inc. (NYSE:RBA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 15.2% during 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 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. MJP Associates Inc. ADV lifted its stake in RB Global by 9.0% during the fourth quarter. MJP Associates Inc. ADV now owns 4,344 shares of the business services provider's stock worth $392,000 after purchasing an additional 357 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of RB Global by 0.6% during the 4th quarter. Janus Henderson Group PLC now owns 3,403,086 shares of the business services provider's stock worth $307,033,000 after buying an additional 19,895 shares during the last quarter. Focus Partners Wealth acquired a new stake in RB Global in the fourth quarter valued at about $253,000. Fullcircle Wealth LLC bought a new position in RB Global in the fourth quarter valued at about $217,000. Finally, D. E. Shaw & Co. Inc. raised its stake in RB Global by 190.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 20,058 shares of the business services provider's stock worth $1,809,000 after acquiring an additional 13,158 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company's stock.

RB Global Trading Down 1.2%

RB Global stock traded down $1.30 during mid-day trading on Monday, hitting $107.24. 982,874 shares of the stock were exchanged, compared to its average volume of 1,122,614. The stock has a market capitalization of $19.86 billion, a price-to-earnings ratio of 53.35, a PEG ratio of 4.95 and a beta of 0.78. RB Global, Inc. has a 12 month low of $70.27 and a 12 month high of $109.25. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.50. The firm's fifty day simple moving average is $100.27 and its two-hundred day simple moving average is $96.48.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last announced its earnings results on Wednesday, May 7th. The business services provider reported $0.89 earnings per share 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%. RB Global's quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 earnings per share. Analysts forecast that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, May 29th. RB Global's dividend payout ratio is 57.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Raymond James upped their price objective on shares of RB Global from $118.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Robert W. Baird upped their price target on shares of RB Global from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Royal Bank of Canada raised 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. CIBC boosted their price objective on RB Global from $116.00 to $118.00 and gave the stock an "outperformer" rating in a research report on Friday, May 9th. Finally, BMO Capital Markets upped their target price on RB Global from $116.00 to $120.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, RB Global presently has an average rating of "Moderate Buy" and an average target price of $114.50.

Insider Activity at RB Global

In other news, CEO James Francis Kessler sold 15,700 shares of the firm'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 transaction of $1,535,617.00. Following the completion of the sale, the chief executive officer now owns 107,569 shares of the company's stock, valued at $10,521,323.89. This trade represents a 12.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CRO James J. Jeter sold 7,597 shares of RB Global stock in a transaction on Monday, March 17th. The shares were sold at an average price of $97.85, for a total transaction of $743,366.45. Following the completion of the sale, the executive now owns 20,267 shares of the company's stock, valued at $1,983,125.95. This represents a 27.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,472 shares of company stock worth $3,867,745 in the last 90 days. Corporate insiders own 4.32% of the company's stock.

RB Global 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.