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

Shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) have earned an average rating of “Moderate Buy” from the eight analysts that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $122.8750.

RBA has been the subject of several recent analyst reports. National Bank Financial upgraded shares of RB Global from a “sector perform” rating to an “outperform” rating and set a $124.00 price objective for the company in a report on Monday, November 24th. Bank of America cut their target price on RB Global from $120.00 to $114.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Weiss Ratings cut RB Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Wall Street Zen downgraded RB Global from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, National Bankshares decreased their target price on 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.

Insider Activity

In related news, Director Deborah Stein bought 1,000 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were bought at an average cost 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 of the company’s stock, valued at approximately $101,260. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.32% of the stock is owned by corporate insiders.

Institutional Trading of RB Global

A number of hedge funds have recently bought and sold shares of the company. Rise Advisors LLC purchased a new position in shares of RB Global in the first quarter worth approximately $38,000. Spire Wealth Management boosted its stake in RB Global by 1,090.6% in the 3rd quarter. Spire Wealth Management now owns 381 shares of the business services provider’s stock worth $41,000 after purchasing an additional 349 shares during the period. State of Wyoming purchased a new position in RB Global during the 2nd quarter worth approximately $46,000. Whipplewood Advisors LLC raised its stake in RB Global by 42.9% during the 2nd quarter. Whipplewood Advisors LLC now owns 456 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 137 shares during the period. Finally, SouthState Corp lifted its holdings in shares of RB Global by 75.6% in the second quarter. SouthState Corp now owns 453 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 195 shares in the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

RB Global Trading Down 1.7%

NYSE:RBA opened at $102.93 on Friday. The stock has a market cap of $19.13 billion, a price-to-earnings ratio of 49.25, a PEG ratio of 2.24 and a beta of 0.57. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.15 and a current ratio of 1.23. RB Global has a 1 year low of $86.68 and a 1 year high of $119.58. The business has a fifty day moving average of $100.81 and a 200-day moving average of $106.68.

RB Global (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings data on Thursday, November 6th. The business services provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.10. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.05 billion. RB Global had a net margin of 9.65% and a return on equity of 9.66%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.71 earnings per share. Equities analysts predict that RB Global will post 2.5 earnings per share for the current year.

RB Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 26th were given a dividend of $0.31 per share. The ex-dividend date was Wednesday, November 26th. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. RB Global’s dividend payout ratio (DPR) is 59.33%.

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.