Mn Services Vermogensbeheer B.V. Sells 5,100 Shares of RB Global, Inc. (NYSE:RBA)

Mn Services Vermogensbeheer B.V. trimmed its stake in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 7.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,300 shares of the business services provider's stock after selling 5,100 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in RB Global were worth $6,653,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. CoreCap Advisors LLC raised its stake in RB Global by 74.5% in the 4th 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. MV Capital Management Inc. grew its holdings in shares of RB Global by 5,560.0% during the first quarter. MV Capital Management Inc. now owns 283 shares of the business services provider's stock worth $28,000 after buying an additional 278 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of RB Global by 49.4% in the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock valued at $35,000 after buying an additional 129 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of RB Global in the fourth quarter valued at approximately $36,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of RB Global during the 4th quarter worth $37,000. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

RB Global Stock Performance

Shares of RB Global stock traded up $0.16 during trading hours on Friday, reaching $104.77. The company's stock had a trading volume of 1,657,548 shares, compared to its average volume of 1,087,810. RB Global, Inc. has a one year low of $70.38 and a one year high of $109.25. The company's 50 day simple moving average is $103.35 and its 200 day simple moving average is $97.74. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.21 and a current ratio of 1.31. The stock has a market cap of $19.40 billion, a P/E ratio of 51.61, a price-to-earnings-growth ratio of 3.69 and a beta of 0.78.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last issued its earnings results 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 for the quarter, compared to analysts' expectations of $1.02 billion. RB Global had a net margin of 9.68% and a return on equity of 8.03%. RB Global's revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the company posted $0.90 earnings per share. As a group, analysts expect that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

RB Global Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Thursday, May 29th. This represents a $1.16 annualized dividend and a dividend yield of 1.11%. RB Global's payout ratio is 57.14%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on RBA shares. National Bank Financial lowered shares of RB Global from a "strong-buy" rating to a "hold" rating in a report on Sunday, May 25th. Raymond James Financial increased their price target on shares of RB Global from $118.00 to $125.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. National Bankshares decreased 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. Robert W. Baird lifted their target price on RB Global from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Finally, Wall Street Zen lowered RB Global from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.50.

Insider Activity at RB Global

In related news, insider Darren Jeffrey Watt sold 3,700 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $106.17, for a total value of $392,829.00. Following the completion of the sale, the insider now directly owns 24,874 shares in the company, valued at approximately $2,640,872.58. This represents a 12.95% 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, CRO James J. Jeter sold 3,500 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $104.38, for a total value of $365,330.00. Following the sale, the executive now owns 16,167 shares of the company's stock, valued at approximately $1,687,511.46. This trade represents a 17.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,075 shares of company stock worth $2,007,349 in the last 90 days. Corporate insiders own 4.32% of the company's stock.

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.