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

Janus Henderson Group PLC trimmed its stake in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 0.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,165,568 shares of the business services provider’s stock after selling 15,767 shares during the quarter. Janus Henderson Group PLC owned 1.73% of RB Global worth $241,122,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Triasima Portfolio Management inc. boosted its holdings in RB Global by 1,152.4% during the fourth quarter. Triasima Portfolio Management inc. now owns 193,118 shares of the business services provider’s stock valued at $12,947,000 after purchasing an additional 177,698 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in RB Global during the fourth quarter valued at approximately $2,009,000. Intech Investment Management LLC acquired a new stake in RB Global during the first quarter valued at approximately $613,000. Charles Schwab Investment Management Inc. boosted its holdings in RB Global by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,030,810 shares of the business services provider’s stock valued at $68,951,000 after purchasing an additional 24,684 shares in the last quarter. Finally, TD Asset Management Inc boosted its holdings in RB Global by 3.9% during the fourth quarter. TD Asset Management Inc now owns 603,261 shares of the business services provider’s stock valued at $40,567,000 after purchasing an additional 22,636 shares in the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

RB Global Trading Down 0.5 %

RBA stock traded down $0.41 during trading on Tuesday, hitting $79.39. The company had a trading volume of 679,213 shares, compared to its average volume of 1,132,125. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $77.45 and a 200-day moving average price of $73.77. RB Global, Inc. has a 12 month low of $55.54 and a 12 month high of $81.87. The stock has a market cap of $14.52 billion, a price-to-earnings ratio of 48.07, a PEG ratio of 5.41 and a beta of 0.91.

RB Global (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings data on Thursday, May 9th. The business services provider reported $0.53 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.02 billion. As a group, analysts predict that RB Global, Inc. will post 2.04 earnings per share for the current year.

RB Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Wednesday, May 29th were given 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%.

Insider Buying and Selling

In other RB Global news, insider Baron Concors sold 13,230 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $75.05, for a total transaction of $992,911.50. Following the completion of the sale, the insider now owns 15,487 shares in the company, valued at approximately $1,162,299.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other RB Global news, CEO James Francis Kessler sold 8,000 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $80.91, for a total transaction of $647,280.00. Following the completion of the sale, the chief executive officer now owns 78,104 shares in the company, valued at approximately $6,319,394.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Baron Concors sold 13,230 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $75.05, for a total transaction of $992,911.50. Following the sale, the insider now owns 15,487 shares of the company’s stock, valued at approximately $1,162,299.35. The disclosure for this sale can be found here. Insiders sold 43,867 shares of company stock worth $3,370,272 in the last quarter. Insiders own 4.32% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.