MML Investors Services LLC Has $1.19 Million Position in RB Global, Inc. (NYSE:RBA)

MML Investors Services LLC increased its stake in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 28.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,179 shares of the business services provider's stock after purchasing an additional 2,938 shares during the quarter. MML Investors Services LLC's holdings in RB Global were worth $1,189,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Central Pacific Bank Trust Division acquired a new stake in shares of RB Global during the 4th quarter worth approximately $27,000. Versant Capital Management Inc increased its holdings in RB Global by 136.4% in the 4th quarter. Versant Capital Management Inc now owns 305 shares of the business services provider's stock valued at $28,000 after buying an additional 176 shares during the period. Jones Financial Companies Lllp raised its stake in shares of RB Global by 49.4% in the 4th 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 in the last quarter. Proficio Capital Partners LLC bought a new position in shares of RB Global during the 4th quarter worth about $36,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of RB Global during the 4th quarter valued at about $37,000. Institutional investors own 95.37% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Royal Bank of Canada raised their price target on shares of RB Global from $107.00 to $116.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. StockNews.com lowered RB Global from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. CIBC dropped their price objective on RB Global from $109.00 to $108.00 and set an "outperformer" rating for the company in a research note on Monday, February 3rd. BMO Capital Markets boosted their target price on shares of RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Finally, National Bankshares dropped their target price on shares of RB Global from $118.00 to $115.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $111.36.

Insider Activity

In other news, CRO James J. Jeter sold 7,597 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $97.85, for a total value of $743,366.45. Following the completion of the transaction, the executive now owns 20,267 shares in the company, valued at $1,983,125.95. This represents a 27.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Francis Kessler sold 15,700 shares of the firm's stock in a transaction on Monday, March 17th. The stock was 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 owns 107,569 shares in the company, valued at approximately $10,521,323.89. The trade was a 12.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,897 shares of company stock worth $2,338,161 in the last 90 days. Corporate insiders own 4.32% of the company's stock.

RB Global Trading Up 0.1 %

RBA traded up $0.14 during trading on Tuesday, reaching $101.62. 590,755 shares of the company's stock were exchanged, compared to its average volume of 1,092,055. The firm has a market capitalization of $18.81 billion, a PE ratio of 50.56, a P/E/G ratio of 4.95 and a beta of 0.78. The company's fifty day moving average price is $98.15 and its 200-day moving average price is $94.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.29. RB Global, Inc. has a fifty-two week low of $70.27 and a fifty-two week high of $106.90.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last announced its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.23). The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.06 billion. RB Global had a net margin of 9.64% and a return on equity of 8.00%. During the same period last year, the firm earned $0.82 EPS. As a group, equities analysts forecast that RB Global, Inc. will post 2.5 EPS for the current year.

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.