MML Investors Services LLC Has $824,000 Stock Holdings in RB Global, Inc. (NYSE:RBA)

MML Investors Services LLC lowered its position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 5.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,241 shares of the business services provider’s stock after selling 638 shares during the quarter. MML Investors Services LLC’s holdings in RB Global were worth $824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in RBA. UMB Bank n.a. grew its holdings in RB Global by 196.0% during the 3rd quarter. UMB Bank n.a. now owns 586 shares of the business services provider’s stock worth $47,000 after acquiring an additional 388 shares during the last quarter. Quarry LP bought a new stake in shares of RB Global in the second quarter worth $53,000. Nisa Investment Advisors LLC increased its holdings in RB Global by 33.5% in the second quarter. Nisa Investment Advisors LLC now owns 836 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 210 shares during the period. Covestor Ltd raised its position in RB Global by 533.1% during the 3rd quarter. Covestor Ltd now owns 804 shares of the business services provider’s stock worth $65,000 after purchasing an additional 677 shares during the last quarter. Finally, Hollencrest Capital Management lifted its holdings in RB Global by 99.8% during the 3rd quarter. Hollencrest Capital Management now owns 875 shares of the business services provider’s stock worth $70,000 after buying an additional 437 shares during the period. Institutional investors own 95.37% of the company’s stock.

RB Global Trading Down 0.4 %

NYSE:RBA opened at $90.51 on Friday. The firm has a fifty day simple moving average of $91.13 and a two-hundred day simple moving average of $84.11. RB Global, Inc. has a 12 month low of $60.84 and a 12 month high of $99.79. The stock has a market capitalization of $16.69 billion, a price-to-earnings ratio of 49.19, a PEG ratio of 4.56 and a beta of 0.95. The company has a current ratio of 1.28, a quick ratio of 1.17 and a debt-to-equity ratio of 0.52.

RB Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Wednesday, November 27th. RB Global’s dividend payout ratio (DPR) is currently 63.04%.

Insiders Place Their Bets

In other RB Global news, CEO James Francis Kessler sold 17,883 shares of the company’s stock in a transaction 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 owns 86,247 shares in the company, valued at approximately $7,261,134.93. This represents a 17.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.32% of the company’s stock.

Wall Street Analyst Weigh In

RBA has been the subject of several recent research reports. BMO Capital Markets increased their price target on RB Global from $105.00 to $107.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Bank of America raised their price target on shares of RB Global from $79.00 to $92.50 and gave the stock a “neutral” rating in a report on Monday, August 26th. Royal Bank of Canada upped their price objective on shares of RB Global from $99.00 to $107.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Robert W. Baird lifted their target price on shares of RB Global from $86.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Finally, CIBC upped their price target on shares of RB Global from $102.00 to $109.00 and gave the company an “outperformer” rating in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $100.36.

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.