Insider Buying: RB Global (NYSE:RBA) Director Acquires $43,838.75 in Stock

RB Global, Inc. (NYSE:RBA) (TSE:RBA) Director Deborah Stein bought 425 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average price of $103.15 per share, for a total transaction of $43,838.75. Following the completion of the transaction, the director owned 1,825 shares in the company, valued at $188,248.75. This represents a 30.36% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Deborah Stein also recently made the following trade(s):

• On Wednesday, March 18th, Deborah Stein bought 400 shares of RB Global stock. The shares were acquired at an average price of $98.74 per share, for a total transaction of $39,496.00.

RB Global Price Performance

Shares of RB Global stock opened at $102.68 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.07 and a current ratio of 1.14. The firm’s 50-day simple moving average is $101.24 and its 200-day simple moving average is $103.64. RB Global, Inc. has a twelve month low of $93.58 and a twelve month high of $119.58. The firm has a market cap of $19.09 billion, a P/E ratio of 47.76, a price-to-earnings-growth ratio of 1.67 and a beta of 0.57.

RB Global (NYSE:RBA) (TSE:RBA) last issued its earnings results on Monday, May 4th. The business services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.04. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.13 billion. RB Global had a net margin of 9.55% and a return on equity of 12.33%. The firm’s revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.89 EPS. As a group, research analysts expect that RB Global, Inc. will post 4.09 EPS for the current fiscal year.

RB Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Wednesday, May 27th will be given a $0.31 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. RB Global’s payout ratio is 57.67%.

Hedge Funds Weigh In On RB Global

Institutional investors have recently modified their holdings of the stock. MV Capital Management Inc. bought a new position in shares of RB Global in the fourth quarter worth about $29,000. Bayban bought a new position in shares of RB Global in the fourth quarter worth about $34,000. Central Pacific Bank Trust Division raised its stake in shares of RB Global by 41.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 363 shares of the business services provider’s stock worth $37,000 after acquiring an additional 107 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of RB Global in the first quarter worth about $43,000. Finally, State of Wyoming bought a new position in shares of RB Global in the second quarter worth about $46,000. 95.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RBA shares. BMO Capital Markets restated an “outperform” rating and issued a $135.00 price target (up from $130.00) on shares of RB Global in a research report on Tuesday, May 5th. Weiss Ratings upgraded shares of RB Global from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. Royal Bank Of Canada boosted their price target on shares of RB Global from $146.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Finally, Stephens restated an “equal weight” rating and issued a $96.00 price target on shares of RB Global in a research report on Tuesday, May 5th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.43.

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.