RB Global (NYSE:RBA) Director Deborah Stein Buys 400 Shares of Stock

RB Global, Inc. (NYSE:RBA) (TSE:RBA) Director Deborah Stein purchased 400 shares of the company’s stock in a transaction dated Wednesday, March 18th. The stock was purchased at an average price of $98.74 per share, with a total value of $39,496.00. Following the completion of the purchase, the director directly owned 1,400 shares in the company, valued at $138,236. The trade was a 40.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

RB Global Price Performance

Shares of RBA opened at $96.09 on Friday. RB Global, Inc. has a 12-month low of $87.87 and a 12-month high of $119.58. The business has a 50-day simple moving average of $107.65 and a two-hundred day simple moving average of $105.83. The company has a quick ratio of 1.02, a current ratio of 1.10 and a debt-to-equity ratio of 0.41. The stock has a market cap of $17.87 billion, a PE ratio of 47.10, a PEG ratio of 1.48 and a beta of 0.57.

RB Global (NYSE:RBA) (TSE:RBA) last posted its earnings results on Tuesday, February 17th. The business services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $0.99 by $0.12. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.17 billion. RB Global had a return on equity of 11.12% and a net margin of 9.33%.The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company earned $0.95 earnings per share. Analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, February 9th. RB Global’s dividend payout ratio (DPR) is 60.78%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on RBA shares. Royal Bank Of Canada upped their price target on shares of RB Global from $137.00 to $146.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. National Bank Financial upgraded shares of RB Global from a “sector perform” rating to an “outperform” rating and set a $124.00 price target on the stock in a report on Monday, November 24th. BMO Capital Markets boosted their price objective on shares of RB Global from $135.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Weiss Ratings upgraded RB Global from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 26th. Finally, Raymond James Financial raised their target price on RB Global from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, RB Global presently has a consensus rating of “Buy” and an average price target of $129.29.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of RB Global by 0.5% in the 3rd 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 last quarter. Massachusetts Financial Services Co. MA raised its stake in RB Global by 1.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,892,186 shares of the business services provider’s stock worth $1,120,479,000 after buying an additional 165,260 shares during the last quarter. EdgePoint Investment Group Inc. lifted its holdings in RB Global by 11.9% in the fourth quarter. EdgePoint Investment Group Inc. now owns 7,701,648 shares of the business services provider’s stock valued at $792,934,000 after buying an additional 821,319 shares during the period. Vontobel Holding Ltd. lifted its holdings in RB Global by 10.3% in the third quarter. Vontobel Holding Ltd. now owns 7,215,414 shares of the business services provider’s stock valued at $781,862,000 after buying an additional 672,450 shares during the period. Finally, State Street Corp boosted its position in RB Global by 1.7% during the fourth quarter. State Street Corp now owns 6,290,640 shares of the business services provider’s stock valued at $647,118,000 after acquiring an additional 104,286 shares during the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

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.