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

MML Investors Services LLC boosted its position in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 28.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,179 shares of the business services provider’s stock after buying an additional 2,938 shares during the period. MML Investors Services LLC’s holdings in RB Global were worth $1,189,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in RBA. Natixis Advisors LLC grew its position in RB Global by 69.5% in the fourth quarter. Natixis Advisors LLC now owns 18,877 shares of the business services provider’s stock valued at $1,703,000 after acquiring an additional 7,737 shares during the last quarter. Mawer Investment Management Ltd. grew its holdings in shares of RB Global by 15.7% during the 4th quarter. Mawer Investment Management Ltd. now owns 120,564 shares of the business services provider’s stock valued at $10,876,000 after purchasing an additional 16,397 shares during the last quarter. Vanguard Group Inc. lifted its stake in RB Global by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 24,916,629 shares of the business services provider’s stock valued at $2,248,060,000 after purchasing an additional 358,752 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in RB Global in the fourth quarter valued at approximately $27,000. Finally, Pictet Asset Management Holding SA grew its stake in shares of RB Global by 16.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 100,318 shares of the business services provider’s stock worth $9,050,000 after buying an additional 13,836 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

RB Global Trading Down 0.7 %

NYSE RBA opened at $100.02 on Friday. RB Global, Inc. has a one year low of $69.83 and a one year high of $106.90. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17. The business has a 50 day simple moving average of $98.10 and a 200 day simple moving average of $93.93. The stock has a market capitalization of $18.52 billion, a P/E ratio of 49.76, a P/E/G ratio of 4.95 and a beta of 0.90.

RB Global (NYSE:RBA) (TSE:RBA) last released its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.23). The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.06 billion. RB Global had a net margin of 9.64% and a return on equity of 8.00%. During the same quarter in the prior year, the firm earned $0.82 EPS. Research analysts expect that RB Global, Inc. will post 2.5 earnings per share for the current year.

Insider Activity

In other RB Global news, CRO James J. Jeter sold 7,597 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $97.85, for a total value of $743,366.45. Following the completion of the sale, the executive now owns 20,267 shares of the company’s stock, valued at approximately $1,983,125.95. This trade represents a 27.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO James Francis Kessler sold 15,700 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $97.81, for a total value of $1,535,617.00. Following the transaction, the chief executive officer now directly owns 107,569 shares in the company, valued at $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 sold a total of 23,897 shares of company stock worth $2,338,161 in the last three months. Company insiders own 4.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Raymond James boosted their price objective on RB Global from $110.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. National Bankshares dropped their price objective on shares of RB Global from $118.00 to $115.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Robert W. Baird upped their price target on shares of RB Global from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. BMO Capital Markets lifted their price target 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. Finally, StockNews.com lowered RB Global from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $111.36.

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.