Mn Services Vermogensbeheer B.V. Has $6.65 Million Stock Holdings in RB Global, Inc. (NYSE:RBA)

Mn Services Vermogensbeheer B.V. trimmed its position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 7.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,300 shares of the business services provider's stock after selling 5,100 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in RB Global were worth $6,653,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Natixis Advisors LLC boosted its stake in RB Global by 69.5% during the 4th quarter. Natixis Advisors LLC now owns 18,877 shares of the business services provider's stock worth $1,703,000 after acquiring an additional 7,737 shares during the last quarter. Mawer Investment Management Ltd. boosted its stake in RB Global by 15.7% during the 4th quarter. Mawer Investment Management Ltd. now owns 120,564 shares of the business services provider's stock worth $10,876,000 after acquiring an additional 16,397 shares during the last quarter. Vanguard Group Inc. boosted its stake in RB Global by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 24,916,629 shares of the business services provider's stock worth $2,248,060,000 after acquiring an additional 358,752 shares during the last quarter. MetLife Investment Management LLC boosted its stake in RB Global by 9.2% during the 4th quarter. MetLife Investment Management LLC now owns 103,934 shares of the business services provider's stock worth $9,376,000 after acquiring an additional 8,723 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its stake in RB Global by 16.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 100,318 shares of the business services provider's stock worth $9,050,000 after acquiring an additional 13,836 shares during the last quarter. Institutional investors own 95.37% of the company's stock.

RB Global Price Performance

NYSE RBA traded down $0.36 during trading on Wednesday, hitting $104.58. 570,550 shares of the company's stock were exchanged, compared to its average volume of 1,085,381. The company has a current ratio of 1.31, a quick ratio of 1.21 and a debt-to-equity ratio of 0.50. The company has a market cap of $19.37 billion, a PE ratio of 51.52, a P/E/G ratio of 3.71 and a beta of 0.78. RB Global, Inc. has a fifty-two week low of $70.38 and a fifty-two week high of $109.25. The stock's 50 day moving average price is $103.16 and its two-hundred day moving average price is $97.69.

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 EPS for the quarter, hitting the consensus estimate of $0.89. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. RB Global had a return on equity of 8.03% and a net margin of 9.68%. The business's quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 earnings per share. Research analysts expect that RB Global, Inc. will post 2.5 EPS for the current 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 given a $0.29 dividend. The ex-dividend date is Thursday, May 29th. This represents a $1.16 annualized dividend and a yield of 1.11%. RB Global's dividend payout ratio is presently 57.14%.

Insider Buying and Selling at RB Global

In other news, CRO James J. Jeter sold 2,000 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $106.96, for a total transaction of $213,920.00. Following the completion of the transaction, the executive now owns 14,167 shares of the company's stock, valued at approximately $1,515,302.32. This trade represents a 12.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew John Fesler sold 9,075 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $104.72, for a total value of $950,334.00. Following the transaction, 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 19,675 shares of company stock worth $2,066,527. 4.32% of the stock is currently owned by insiders.

Analyst Ratings Changes

RBA has been the topic of several recent analyst reports. BMO Capital Markets lifted their price objective on RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Raymond James Financial boosted their price target on RB Global from $118.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Wall Street Zen cut shares of RB Global from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. CIBC boosted their price target on RB Global from $116.00 to $118.00 and gave the company an "outperformer" rating in a research note on Friday, May 9th. Finally, National Bank Financial lowered RB Global from a "strong-buy" rating to a "hold" rating in a report on Sunday, May 25th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $114.50.

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.