Chloe Harford Purchases 1,200 Shares of RB Global (NYSE:RBA) Stock

RB Global, Inc. (NYSE:RBA) (TSE:RBA) Director Chloe Harford purchased 1,200 shares of RB Global stock in a transaction dated Monday, August 24th. The shares were bought at an average price of $83.74 per share, with a total value of $100,488.00. Following the completion of the transaction, the director owned 1,200 shares in the company, valued at approximately $100,488. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

RB Global Price Performance

Shares of NYSE:RBA opened at $85.71 on Thursday. The firm has a market capitalization of $15.87 billion, a price-to-earnings ratio of 36.79, a price-to-earnings-growth ratio of 1.45 and a beta of 0.56. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.31 and a quick ratio of 1.22. The business’s 50 day simple moving average is $104.29 and its 200-day simple moving average is $103.53. RB Global, Inc. has a 12 month low of $82.03 and a 12 month high of $119.58.

RB Global (NYSE:RBA) (TSE:RBA) last released its quarterly earnings data on Tuesday, August 4th. The business services provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.04. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.21 billion. RB Global had a return on equity of 12.37% and a net margin of 9.99%. As a group, equities analysts forecast that RB Global, Inc. will post 4.06 earnings per share 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 given a $0.33 dividend. This is an increase from RB Global’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, August 25th. RB Global’s dividend payout ratio (DPR) is 56.65%.

Analysts Set New Price Targets

Several equities research analysts recently commented on RBA shares. Weiss Ratings lowered shares of RB Global from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Wall Street Zen cut shares of RB Global from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Stephens reaffirmed an “equal weight” rating and issued a $96.00 price target on shares of RB Global in a report on Tuesday, May 5th. Zacks Research lowered shares of RB Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Finally, Royal Bank Of Canada raised their price objective on shares of RB Global from $150.00 to $152.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, RB Global has a consensus rating of “Moderate Buy” and an average price target of $128.00.

Institutional Investors Weigh In On RB Global

Hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC grew its position in shares of RB Global by 94.3% in the first quarter. AQR Capital Management LLC now owns 10,489 shares of the business services provider’s stock valued at $1,031,000 after purchasing an additional 5,090 shares during the period. NewEdge Advisors LLC lifted its position in RB Global by 53.1% during the first quarter. NewEdge Advisors LLC now owns 588 shares of the business services provider’s stock worth $59,000 after buying an additional 204 shares during the period. Jones Financial Companies Lllp boosted its stake in RB Global by 857.9% in the 1st quarter. Jones Financial Companies Lllp now owns 3,736 shares of the business services provider’s stock worth $375,000 after buying an additional 3,346 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in RB Global by 35.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 338,385 shares of the business services provider’s stock worth $33,940,000 after buying an additional 88,813 shares during the last quarter. Finally, Woodline Partners LP purchased a new stake in RB Global in the 1st quarter valued at about $4,103,000. Institutional investors and hedge funds own 95.37% of the company’s stock.

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.