RB Global (NYSE:RBA) Insider Sells $254,140.65 in Stock

by · The Cerbat Gem

RB Global, Inc. (NYSE:RBA – Get Free Report) (TSE:RBA) insider Michael Thomas Steven Lewis sold 2,151 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $118.15, for a total transaction of $254,140.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

RB Global Trading Up 0.6%

Shares of RBA opened at $118.18 on Thursday. The firm has a market cap of $21.93 billion, a price-to-earnings ratio of 58.50, a PEG ratio of 2.73 and a beta of 0.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.22 and a current ratio of 1.28. RB Global, Inc. has a fifty-two week low of $78.08 and a fifty-two week high of $118.91. The firm has a 50 day moving average price of $113.01 and a 200-day moving average price of $105.68.

RB Global (NYSE:RBA – Get Free Report) (TSE:RBA) last announced its quarterly earnings data on Wednesday, August 6th. The business services provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.12. RB Global had a net margin of 9.46% and a return on equity of 9.42%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the business posted $0.94 EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts forecast that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th will be given a $0.31 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from RB Global’s previous quarterly dividend of $0.29. RB Global’s payout ratio is currently 61.39%.

Analyst Upgrades and Downgrades

Several analysts recently commented on RBA shares. Royal Bank Of Canada increased their price objective on shares of RB Global from $125.00 to $132.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. National Bank Financial cut shares of RB Global from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 25th. Raymond James Financial raised their target price on shares of RB Global from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. National Bankshares raised their target price on shares of RB Global from $112.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. Finally, Wall Street Zen cut shares of RB Global from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, RB Global presently has a consensus rating of “Moderate Buy” and an average price target of $124.33.

Get Our Latest Report on RB Global

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RBA. BNP Paribas Financial Markets purchased a new position in RB Global during the fourth quarter worth $1,578,000. D. E. Shaw & Co. Inc. boosted its stake in shares of RB Global by 190.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 20,058 shares of the business services provider’s stock valued at $1,809,000 after purchasing an additional 13,158 shares during the period. Focus Partners Wealth bought a new position in shares of RB Global in the fourth quarter worth about $253,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of RB Global by 15.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,354 shares of the business services provider’s stock worth $2,829,000 after purchasing an additional 4,126 shares during the last quarter. Finally, Quantinno Capital Management LP grew its holdings in shares of RB Global by 7.3% in the fourth quarter. Quantinno Capital Management LP now owns 30,005 shares of the business services provider’s stock worth $2,707,000 after purchasing an additional 2,032 shares during the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

RB Global Company Profile

(Get Free Report)

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.

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