James J. Jeter Sells 7,597 Shares of RB Global, Inc. (NYSE:RBA) Stock

RB Global, Inc. (NYSE:RBA) (TSE:RBA) CRO James J. Jeter sold 7,597 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $97.85, for a total value of $743,366.45. Following the sale, the executive now owns 20,267 shares in the company, valued at approximately $1,983,125.95. This represents a 27.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

RB Global Trading Up 0.3 %

RBA stock opened at $99.14 on Friday. The company has a market cap of $18.32 billion, a P/E ratio of 49.33, a PEG ratio of 4.95 and a beta of 0.94. RB Global, Inc. has a twelve month low of $69.83 and a twelve month high of $106.90. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.50. The business has a fifty day moving average of $95.35 and a 200-day moving average of $90.82.

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

RB Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.17%. RB Global’s dividend payout ratio is presently 57.71%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RBA. Robert W. Baird boosted their price target on RB Global from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Royal Bank of Canada boosted their price objective on RB Global from $107.00 to $116.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. 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 note on Wednesday, February 19th. StockNews.com raised RB Global from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, BMO Capital Markets boosted their price objective on RB Global from $116.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.64.

Institutional Investors Weigh In On RB Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC increased its holdings in RB Global by 18.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,883 shares of the business services provider’s stock valued at $441,000 after purchasing an additional 752 shares during the last quarter. Members Wealth LLC bought a new stake in RB Global in the fourth quarter valued at about $2,738,000. Lansforsakringar Fondforvaltning AB publ bought a new stake in RB Global in the fourth quarter valued at about $3,590,000. Ascent Group LLC increased its holdings in RB Global by 2.7% in the fourth quarter. Ascent Group LLC now owns 11,285 shares of the business services provider’s stock valued at $1,018,000 after purchasing an additional 295 shares during the last quarter. Finally, CTC Alternative Strategies Ltd. bought a new stake in RB Global in the fourth quarter valued at about $209,000. Institutional investors own 95.37% of the company’s stock.

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.