RB Global, Inc. (NYSE:RBA) Given Average Rating of “Moderate Buy” by Analysts

RB Global, Inc. (NYSE:RBA) (TSE:RBA) has earned an average rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $126.1250.

A number of equities analysts have weighed in on the company. Stephens restated an “equal weight” rating and issued a $96.00 price target on shares of RB Global in a report on Tuesday, May 5th. Royal Bank Of Canada upped their price target on RB Global from $146.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Weiss Ratings restated a “buy (b-)” rating on shares of RB Global in a report on Tuesday, May 26th. Barclays assumed coverage on RB Global in a report on Thursday, May 28th. They issued an “overweight” rating and a $124.00 price target for the company. Finally, 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 report on Tuesday, May 5th.

RB Global Trading Down 0.5%

NYSE RBA opened at $104.73 on Wednesday. RB Global has a 12 month low of $93.58 and a 12 month high of $119.58. The company has a 50-day moving average of $102.16 and a 200-day moving average of $103.96. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.14 and a quick ratio of 1.07. The company has a market cap of $19.47 billion, a P/E ratio of 48.71, a P/E/G ratio of 1.68 and a beta of 0.57.

RB Global (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings data on Monday, May 4th. The business services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. RB Global had a net margin of 9.55% and a return on equity of 12.33%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the company posted $0.89 EPS. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. As a group, equities analysts predict that RB Global will post 4.09 earnings per share for the current year.

RB Global Announces Dividend

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

Insider Activity at RB Global

In other RB Global news, Director Deborah Stein bought 425 shares of RB Global stock in a transaction dated Tuesday, May 19th. The stock was bought at an average cost of $103.15 per share, for a total transaction of $43,838.75. Following the purchase, the director owned 1,825 shares in the company, valued at $188,248.75. This represents a 30.36% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On RB Global

Large investors have recently added to or reduced their stakes in the stock. Caprock Group LLC acquired a new stake in RB Global in the third quarter worth $1,724,000. Cibc World Market Inc. increased its position in RB Global by 60.7% in the third quarter. Cibc World Market Inc. now owns 179,707 shares of the business services provider’s stock worth $19,461,000 after buying an additional 67,860 shares during the period. Fiera Capital Corp increased its position in RB Global by 4.9% in the third quarter. Fiera Capital Corp now owns 4,067,003 shares of the business services provider’s stock worth $440,353,000 after buying an additional 190,408 shares during the period. TD Asset Management Inc increased its holdings in shares of RB Global by 1.2% during the third quarter. TD Asset Management Inc now owns 949,779 shares of the business services provider’s stock valued at $102,896,000 after purchasing an additional 10,877 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of RB Global by 0.5% during the third quarter. Vanguard Group Inc. now owns 25,330,426 shares of the business services provider’s stock valued at $2,744,455,000 after purchasing an additional 124,926 shares during the period. 95.37% of the stock is owned by institutional investors and hedge funds.

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.