RB Global (NYSE:RBA) Director Deborah Stein Purchases 425 Shares

RB Global, Inc. (NYSE:RBA) (TSE:RBA) Director Deborah Stein acquired 425 shares of RB Global stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired 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 of the company’s stock, valued at $188,248.75. The trade was a 30.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

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

RB Global Trading Up 0.3%

Shares of RB Global stock traded up $0.35 during trading on Tuesday, hitting $103.19. The company’s stock had a trading volume of 1,009,249 shares, compared to its average volume of 1,158,025. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.14 and a quick ratio of 1.07. RB Global, Inc. has a 52 week low of $93.58 and a 52 week high of $119.58. The stock has a market cap of $19.18 billion, a price-to-earnings ratio of 47.99, a price-to-earnings-growth ratio of 1.64 and a beta of 0.57. The stock has a 50-day moving average price of $101.28 and a two-hundred day moving average price of $103.59.

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

RB Global Dividend Announcement

The company also recently announced 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. The ex-dividend date is Wednesday, May 27th. This represents a $1.24 annualized dividend and a yield of 1.2%. RB Global’s payout ratio is presently 57.67%.

Hedge Funds Weigh In On RB Global

Institutional investors have recently made changes to their positions in the stock. MV Capital Management Inc. acquired a new position in shares of RB Global during the fourth quarter valued at about $29,000. Bayban acquired a new position in shares of RB Global during the fourth quarter valued at about $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 valued at $37,000 after purchasing an additional 107 shares during the period. State of Wyoming acquired a new position in shares of RB Global during the second quarter valued at about $46,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in shares of RB Global during the first quarter valued at about $43,000. Institutional investors and hedge funds own 95.37% of the company’s stock.

Analyst Upgrades and Downgrades

RBA has been the topic of several recent analyst reports. BMO Capital Markets restated an “outperform” rating and issued a $135.00 target price (up from $130.00) on shares of RB Global in a report on Tuesday, May 5th. Stephens restated an “equal weight” rating and issued a $96.00 target price on shares of RB Global in a report on Tuesday, May 5th. Royal Bank Of Canada boosted their target price on shares of RB Global from $146.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded shares of RB Global from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 26th. Finally, Raymond James Financial boosted their target price on shares of RB Global from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. 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 currently has an average rating of “Moderate Buy” and an average 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.