RB Global, Inc. (NYSE:RBA) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC raised its position in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 0.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,383,191 shares of the business services provider's stock after purchasing an additional 24,101 shares during the period. Janus Henderson Group PLC owned 1.83% of RB Global worth $272,293,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Cetera Investment Advisers grew its position in shares of RB Global by 1,177.0% in the 1st quarter. Cetera Investment Advisers now owns 43,572 shares of the business services provider's stock valued at $3,319,000 after buying an additional 40,160 shares during the last quarter. Cetera Advisors LLC grew its position in RB Global by 24.5% during the 1st quarter. Cetera Advisors LLC now owns 7,488 shares of the business services provider's stock worth $570,000 after purchasing an additional 1,472 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in RB Global by 3.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 26,116 shares of the business services provider's stock worth $1,989,000 after purchasing an additional 761 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in shares of RB Global by 58.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 446 shares of the business services provider's stock worth $34,000 after acquiring an additional 165 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of RB Global by 348.7% in the 2nd quarter. SG Americas Securities LLC now owns 81,076 shares of the business services provider's stock worth $6,191,000 after acquiring an additional 63,007 shares during the period. 95.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RBA. Robert W. Baird raised their price objective on shares of RB Global from $86.00 to $100.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. Bank of America raised their target price on shares of RB Global from $79.00 to $92.50 and gave the company a "neutral" rating in a report on Monday, August 26th. Royal Bank of Canada raised their target price on shares of RB Global from $99.00 to $107.00 and gave the company an "outperform" rating in a report on Monday, November 11th. Raymond James raised their target price on shares of RB Global from $95.00 to $98.00 and gave the company an "outperform" rating in a report on Thursday, August 8th. Finally, BMO Capital Markets raised their target price on shares of RB Global from $105.00 to $107.00 and gave the company an "outperform" rating in a report on Monday, November 11th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $98.36.

RB Global Trading Up 0.8 %

RB Global stock traded up $0.74 during trading on Wednesday, reaching $98.22. The company had a trading volume of 1,211,373 shares, compared to its average volume of 1,014,107. RB Global, Inc. has a 12-month low of $60.84 and a 12-month high of $99.79. The stock's 50 day moving average price is $87.72 and its two-hundred day moving average price is $82.50. The firm has a market capitalization of $18.11 billion, a price-to-earnings ratio of 53.38, a PEG ratio of 4.67 and a beta of 0.95. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.17 and a current ratio of 1.28.

RB Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be issued a $0.29 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $1.16 dividend on an annualized basis and a yield of 1.18%. RB Global's payout ratio is 63.04%.

Insider Activity at RB Global

In other RB Global news, CEO James Francis Kessler sold 17,883 shares of RB Global stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $84.19, for a total transaction of $1,505,569.77. Following the transaction, the chief executive officer now directly owns 86,247 shares of the company's stock, valued at $7,261,134.93. The trade was a 17.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.10% of the stock is owned by insiders.

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.