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

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 15.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MJP Associates Inc. ADV grew its position in RB Global by 9.0% during the 4th 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 in the last quarter. Janus Henderson Group PLC grew its position in 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 purchasing an additional 19,895 shares in the last quarter. Focus Partners Wealth purchased a new position in RB Global during the 4th quarter worth approximately $253,000. Fullcircle Wealth LLC purchased a new position in RB Global during the 4th quarter worth approximately $217,000. Finally, D. E. Shaw & Co. Inc. grew its position in RB Global by 190.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 20,058 shares of the business services provider's stock worth $1,809,000 after purchasing an additional 13,158 shares in the last quarter. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

RB Global Stock Down 1.2%

NYSE:RBA traded down $1.30 during trading hours on Friday, reaching $107.24. The company's stock had a trading volume of 982,874 shares, compared to its average volume of 1,120,409. The company has a market cap of $19.86 billion, a price-to-earnings ratio of 53.35, a price-to-earnings-growth ratio of 4.95 and a beta of 0.78. RB Global, Inc. has a one year low of $70.27 and a one year high of $109.25. The business's 50-day moving average is $100.11 and its 200-day moving average is $96.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17.

RB Global (NYSE:RBA - Get Free Report) 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. The firm had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.02 billion. RB Global had a net margin of 9.64% and a return on equity of 8.00%. RB Global's revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.90 earnings per share. Equities research analysts predict 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. Investors of record on Thursday, May 29th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Thursday, May 29th. RB Global's dividend payout ratio is presently 57.14%.

Insider Buying and Selling

In related news, CRO James J. Jeter sold 600 shares of the company's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $98.63, for a total value of $59,178.00. Following the completion of the sale, the executive now directly owns 19,667 shares in the company, valued at approximately $1,939,756.21. This represents a 2.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Andrew John Fesler sold 9,075 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $104.72, for a total transaction of $950,334.00. Following the sale, the insider now owns 5,532 shares of the company's stock, valued at $579,311.04. This trade represents a 62.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,472 shares of company stock worth $3,867,745. Corporate insiders own 4.32% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. National Bankshares lowered their price target on shares of RB Global from $118.00 to $115.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. CIBC boosted their price target on shares of RB Global from $116.00 to $118.00 and gave the company an "outperformer" rating in a report on Friday, May 9th. BMO Capital Markets boosted their price target on shares of RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Wall Street Zen upgraded shares of RB Global from a "hold" rating to a "buy" rating in a report on Tuesday. Finally, Raymond James boosted their price target on shares of RB Global from $118.00 to $125.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, RB Global currently has a consensus rating of "Moderate Buy" and an average target price of $114.50.

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.