Christopher Carlson Sells 140 Shares of RB Global (NYSE:RBA) Stock

RB Global, Inc. (NYSE:RBA) (TSE:RBA) CAO Christopher Carlson sold 140 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $110.00, for a total transaction of $15,400.00. Following the completion of the transaction, the chief accounting officer owned 3,664 shares in the company, valued at $403,040. This represents a 3.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

RB Global Trading Down 2.3%

Shares of NYSE RBA opened at $103.45 on Friday. The company’s 50 day simple moving average is $101.15 and its 200 day simple moving average is $103.49. RB Global, Inc. has a fifty-two week low of $93.58 and a fifty-two week high of $119.58. The firm has a market capitalization of $19.23 billion, a P/E ratio of 48.12, a P/E/G ratio of 1.71 and a beta of 0.57. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.14 and a quick ratio of 1.02.

RB Global (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings data 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. RB Global had a net margin of 9.55% and a return on equity of 12.33%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the business posted $0.89 earnings per share. RB Global’s revenue was up 11.4% compared to the same quarter last year. On average, analysts predict that RB Global, Inc. will post 4.04 EPS for the current year.

RB Global Dividend Announcement

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

Institutional Investors Weigh In On RB Global

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MV Capital Management Inc. acquired a new stake in shares of RB Global during the fourth quarter worth $29,000. Bayban acquired a new stake in shares of RB Global during the fourth quarter worth $34,000. Central Pacific Bank Trust Division raised its holdings in shares of RB Global by 41.8% during 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 period. Spire Wealth Management raised its holdings in shares of RB Global by 1,090.6% during the third quarter. Spire Wealth Management now owns 381 shares of the business services provider’s stock worth $41,000 after acquiring an additional 349 shares during the period. Finally, State of Wyoming acquired a new stake in shares of RB Global during the second quarter worth $46,000. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on RBA shares. Stephens restated an “equal weight” rating and issued a $96.00 price objective on shares of RB Global in a report on Tuesday. Raymond James Financial increased their target price on shares of RB Global from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Royal Bank Of Canada increased their target price on shares of RB Global from $146.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday. BMO Capital Markets reiterated an “outperform” rating and issued a $135.00 target price (up from $130.00) on shares of RB Global in a report on Tuesday. Finally, Weiss Ratings upgraded shares of RB Global from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 26th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $126.43.

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.