RB Global (NYSE:RBA) Director Deborah Stein Acquires 1,000 Shares of Stock

RB Global, Inc. (NYSE:RBA) (TSE:RBA) Director Deborah Stein acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was acquired at an average price of $101.26 per share, with a total value of $101,260.00. Following the completion of the transaction, the director directly owned 1,000 shares in the company, valued at $101,260. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

RB Global Stock Up 1.0%

Shares of RBA stock traded up $1.02 on Friday, hitting $101.72. 262,848 shares of the stock were exchanged, compared to its average volume of 1,087,702. The firm has a market capitalization of $18.89 billion, a P/E ratio of 50.34, a price-to-earnings-growth ratio of 2.48 and a beta of 0.65. RB Global, Inc. has a fifty-two week low of $86.68 and a fifty-two week high of $119.58. The business has a 50-day moving average of $106.52 and a 200 day moving average of $107.62. The company has a current ratio of 1.28, a quick ratio of 1.22 and a debt-to-equity ratio of 0.46.

RB Global (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings results on Thursday, November 6th. The business services provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.83 by $0.10. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.05 billion. RB Global had a return on equity of 9.42% and a net margin of 9.46%.The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 earnings per share. Equities analysts anticipate that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 26th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. RB Global’s dividend payout ratio is 59.33%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Bank of America reduced their price objective on shares of RB Global from $120.00 to $114.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Royal Bank Of Canada lifted their target price on RB Global from $132.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Raymond James Financial increased their target price on shares of RB Global from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. National Bankshares decreased their price objective on shares of RB Global from $113.00 to $111.00 and set a “sector perform” rating for the company in a research note on Thursday, October 9th. Finally, Wall Street Zen lowered RB Global from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $122.71.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in RBA. Vident Advisory LLC lifted its stake in shares of RB Global by 6.2% during the 3rd quarter. Vident Advisory LLC now owns 5,867 shares of the business services provider’s stock valued at $636,000 after buying an additional 340 shares in the last quarter. iSAM Funds UK Ltd purchased a new position in shares of RB Global during the third quarter valued at approximately $1,549,000. Harvest Fund Management Co. Ltd boosted its holdings in RB Global by 437.2% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 779 shares of the business services provider’s stock valued at $84,000 after acquiring an additional 634 shares during the period. Onex Canada Asset Management Inc. boosted its stake in shares of RB Global by 3.4% during the third quarter. Onex Canada Asset Management Inc. now owns 172,648 shares of the business services provider’s stock valued at $18,708,000 after purchasing an additional 5,621 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in RB Global by 135.2% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 624,563 shares of the business services provider’s stock valued at $67,634,000 after buying an additional 359,049 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors.

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.