RB Global, Inc. (NYSE:RBA) CRO Sells $213,920.00 in Stock

RB Global, Inc. (NYSE:RBA) (TSE:RBA) CRO James J. Jeter sold 2,000 shares of the business’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $106.96, for a total transaction of $213,920.00. Following the transaction, the executive now directly owns 14,167 shares in the company, valued at approximately $1,515,302.32. The trade was a 12.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

RB Global Stock Up 1.3%

Shares of NYSE:RBA opened at $108.24 on Monday. 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 firm has a market capitalization of $20.04 billion, a PE ratio of 53.85, a price-to-earnings-growth ratio of 4.95 and a beta of 0.78. The firm’s 50-day moving average is $98.94 and its two-hundred day moving average is $95.63. RB Global, Inc. has a 1 year low of $70.27 and a 1 year high of $108.80.

RB Global (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.89. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. RB Global had a net margin of 9.64% and a return on equity of 8.00%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 earnings per share. Analysts predict that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, May 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.07%. RB Global’s dividend payout ratio (DPR) is presently 57.14%.

Institutional Trading of RB Global

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Natixis Advisors LLC increased its stake in shares of RB Global by 69.5% during the fourth quarter. Natixis Advisors LLC now owns 18,877 shares of the business services provider’s stock worth $1,703,000 after buying an additional 7,737 shares during the period. Mawer Investment Management Ltd. increased its stake in shares of RB Global by 15.7% during the fourth quarter. Mawer Investment Management Ltd. now owns 120,564 shares of the business services provider’s stock worth $10,876,000 after buying an additional 16,397 shares during the period. Vanguard Group Inc. increased its stake in shares of RB Global by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 24,916,629 shares of the business services provider’s stock worth $2,248,060,000 after buying an additional 358,752 shares during the period. MetLife Investment Management LLC increased its stake in shares of RB Global by 9.2% during the fourth quarter. MetLife Investment Management LLC now owns 103,934 shares of the business services provider’s stock worth $9,376,000 after buying an additional 8,723 shares during the period. Finally, Pictet Asset Management Holding SA increased 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 period. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on RBA. Robert W. Baird boosted their price target on shares of RB Global from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. Raymond James boosted their price objective on shares of RB Global from $118.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. National Bankshares reduced their price objective on shares of RB Global from $118.00 to $115.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Royal Bank of Canada boosted their price objective on shares of RB Global from $107.00 to $116.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Finally, StockNews.com upgraded shares of RB Global from a “hold” rating to a “buy” rating in a report on Friday, May 9th. One equities research 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, RB Global presently has a consensus rating of “Moderate Buy” and an average price target of $114.50.

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.