Janus Henderson Group PLC Increases Stock Position in RB Global, Inc. (NYSE:RBA)

Janus Henderson Group PLC grew its stake in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,403,086 shares of the business services provider's stock after acquiring an additional 19,895 shares during the quarter. Janus Henderson Group PLC owned about 1.84% of RB Global worth $307,033,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. CoreCap Advisors LLC boosted its holdings in shares of RB Global by 74.5% during the 4th quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider's stock valued at $25,000 after acquiring an additional 117 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of RB Global by 49.4% during the 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock valued at $35,000 after acquiring an additional 129 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of RB Global during the 4th quarter valued at about $36,000. Whipplewood Advisors LLC purchased a new stake in shares of RB Global during the 4th quarter valued at about $37,000. Finally, Geneos Wealth Management Inc. bought a new position in shares of RB Global in the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 95.37% of the company's stock.

Insider Buying and Selling at RB Global

In other RB Global news, CRO James J. Jeter sold 600 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $98.63, for a total transaction of $59,178.00. Following the completion of the sale, the executive now directly owns 19,667 shares of the company's stock, valued at $1,939,756.21. This trade represents a 2.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO James Francis Kessler sold 15,700 shares of the 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 sale, the chief executive officer now directly owns 107,569 shares of the company's stock, valued at approximately $10,521,323.89. This trade represents a 12.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,897 shares of company stock valued at $2,338,161 in the last three months. 4.32% of the stock is currently owned by corporate insiders.

RB Global Price Performance

NYSE RBA opened at $105.91 on Monday. RB Global, Inc. has a 12 month low of $70.27 and a 12 month high of $107.37. The stock has a market cap of $19.61 billion, a price-to-earnings ratio of 52.69, a PEG ratio of 4.95 and a beta of 0.78. The company's 50 day moving average is $98.33 and its two-hundred day moving average is $94.93. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last announced its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.89. RB Global had a net margin of 9.64% and a return on equity of 8.00%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the firm posted $0.90 EPS. The company's revenue was up 4.1% on a year-over-year basis. As a group, research analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, May 29th. RB Global's dividend payout ratio (DPR) is currently 57.14%.

Analyst Ratings Changes

A number of research firms recently issued reports on RBA. BMO Capital Markets raised their price objective on shares of RB Global from $116.00 to $120.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. CIBC raised their price objective on shares of RB Global from $116.00 to $118.00 and gave the stock an "outperformer" rating in a report on Friday. Raymond James raised their price objective on shares of RB Global from $118.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday. StockNews.com raised shares of RB Global from a "hold" rating to a "buy" rating in a report on Friday. Finally, National Bankshares dropped their price objective 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. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, RB Global currently has an average rating of "Moderate Buy" and a consensus price target of $114.50.

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.

Want to see what other hedge funds are holding RBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.