RB Global (NYSE:RBA) Director Buys $40,455.00 in Stock

RB Global, Inc. (NYSE:RBA) (TSE:RBA) Director Deborah Stein purchased 500 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was bought at an average cost of $80.91 per share, with a total value of $40,455.00. Following the completion of the acquisition, the director owned 2,325 shares of the company’s stock, valued at approximately $188,115.75. The trade was a 27.40% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

RB Global Stock Up 3.8%

RBA opened at $83.58 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.51. The firm has a market cap of $15.48 billion, a P/E ratio of 35.87, a PEG ratio of 1.43 and a beta of 0.52. RB Global, Inc. has a 52 week low of $79.75 and a 52 week high of $119.58. The business’s fifty day simple moving average is $97.27 and its 200 day simple moving average is $101.46.

RB Global (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings data on Tuesday, August 4th. The business services provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.04. RB Global had a return on equity of 12.37% and a net margin of 9.99%.The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.21 billion. As a group, equities research analysts anticipate that RB Global, Inc. will post 4.06 EPS for the current fiscal year.

RB Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Tuesday, August 25th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from RB Global’s previous quarterly dividend of $0.31. The ex-dividend date is Tuesday, August 25th. RB Global’s payout ratio is presently 56.65%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RBA. Addison Advisors LLC purchased a new stake in RB Global in the second quarter valued at approximately $26,000. MV Capital Management Inc. purchased a new position in RB Global during the fourth quarter worth approximately $29,000. J.Safra Asset Management Corp acquired a new position in shares of RB Global in the 2nd quarter valued at $32,000. Bayban acquired a new position in shares of RB Global in the 4th quarter valued at $34,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of RB Global during the 2nd quarter valued at $35,000. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RBA. Wall Street Zen downgraded shares of RB Global from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. National Bank Financial boosted their price target on RB Global from $132.00 to $133.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Weiss Ratings lowered RB Global from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of RB Global in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada lifted their price objective on RB Global from $150.00 to $152.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, RB Global has a consensus rating of “Moderate Buy” and a consensus price target of $128.00.

RB Global Company Profile

RB Global, Inc (NYSE: RBA) operates a global marketplace for the sale and management of used equipment, vehicles and other commercial assets. The company serves construction, transportation, agriculture, energy, government and other industrial sectors, helping businesses buy, sell, manage and value assets through digital and physical channels.

Its services include unreserved live and online auctions, timed auctions, private sales, equipment listings, inspections, valuations, financing and asset-management solutions.