Janus Henderson Group PLC Has $241.12 Million Stock Position in RB Global, Inc. (NYSE:RBA)

Janus Henderson Group PLC lessened its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 0.5% during the first quarter, HoldingsChannel reports. The fund owned 3,165,568 shares of the business services provider’s stock after selling 15,767 shares during the quarter. Janus Henderson Group PLC’s holdings in RB Global were worth $241,122,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in RBA. Mutual Advisors LLC raised its holdings in shares of RB Global by 6.9% in the 4th quarter. Mutual Advisors LLC now owns 4,786 shares of the business services provider’s stock worth $320,000 after acquiring an additional 309 shares during the last quarter. Trust Point Inc. acquired a new stake in shares of RB Global in the 4th quarter worth about $1,470,000. International Assets Investment Management LLC acquired a new stake in shares of RB Global in the 4th quarter worth about $900,000. Cerity Partners LLC acquired a new stake in shares of RB Global in the 4th quarter worth about $201,000. Finally, Bray Capital Advisors acquired a new stake in shares of RB Global in the 4th quarter worth about $984,000. Institutional investors and hedge funds own 95.37% of the company’s stock.

Insider Buying and Selling

In related news, insider Baron Concors sold 13,230 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $75.05, for a total value of $992,911.50. Following the completion of the transaction, the insider now directly owns 15,487 shares of the company’s stock, valued at approximately $1,162,299.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other RB Global news, insider Baron Concors sold 13,230 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $75.05, for a total value of $992,911.50. Following the sale, the insider now directly owns 15,487 shares in the company, valued at approximately $1,162,299.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO James J. Jeter sold 14,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $75.43, for a total transaction of $1,056,020.00. Following the completion of the sale, the executive now owns 28,267 shares in the company, valued at $2,132,179.81. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,867 shares of company stock valued at $3,370,272. Company insiders own 4.32% of the company’s stock.

RB Global Stock Performance

Shares of RB Global stock traded down $0.41 on Tuesday, reaching $79.39. 679,213 shares of the company traded hands, compared to its average volume of 1,132,125. RB Global, Inc. has a 52 week low of $55.54 and a 52 week high of $81.87. The company has a 50 day moving average of $77.45 and a 200 day moving average of $73.77. The firm has a market capitalization of $14.52 billion, a PE ratio of 48.07, a PEG ratio of 5.41 and a beta of 0.91. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.29 and a quick ratio of 1.17.

RB Global (NYSE:RBA) (TSE:RBA) last released its earnings results on Thursday, May 9th. The business services provider reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.15. RB Global had a net margin of 8.08% and a return on equity of 6.87%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. Equities analysts forecast that RB Global, Inc. will post 2.04 earnings per share for the current year.

RB Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Wednesday, May 29th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.36%. The ex-dividend date was Wednesday, May 29th. RB Global’s dividend payout ratio (DPR) is presently 65.06%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RBA. Scotiabank upped their target price on shares of RB Global from $88.00 to $89.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 24th. Bank of America upped their price objective on shares of RB Global from $68.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Finally, CIBC initiated coverage on shares of RB Global in a research report on Tuesday, June 18th. They issued a “sector outperform” rating and a $95.00 price objective for the company. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, RB Global presently has a consensus rating of “Moderate Buy” and an average target price of $86.50.

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.