RB Global (TSE:RBA) Shares Pass Above 200 Day Moving Average of $104.28

RB Global, Inc. (TSE:RBA) (NYSE:RBA)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$104.28 and traded as high as C$114.02. RB Global shares last traded at C$113.55, with a volume of 105,862 shares trading hands.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets raised RB Global to a “strong-buy” rating in a research note on Thursday.

RB Global Price Performance

The company has a market cap of C$20.65 billion, a PE ratio of 46.05, a price-to-earnings-growth ratio of 2.43 and a beta of 0.90. The business has a 50 day moving average of C$109.43 and a 200 day moving average of C$104.58. The company has a debt-to-equity ratio of 80.04, a current ratio of 1.29 and a quick ratio of 1.00.

RB Global (TSE:RBA) (NYSE:RBA) last announced its earnings results on Tuesday, August 6th. The company reported C$0.74 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.82 by C($0.08). RB Global had a net margin of 8.68% and a return on equity of 6.61%. The company had revenue of C$1.50 billion for the quarter, compared to the consensus estimate of C$1.54 billion.

RB Global Increases Dividend

The company also recently announced a 1 dividend, which was paid on Wednesday, August 28th. Stockholders of record on Friday, January 1st were given a $1.602 dividend. The ex-dividend date was Wednesday, September 18th. This is a positive change from RB Global’s previous 1 dividend of $1.49. RB Global’s dividend payout ratio is currently 63.67%.

Insider Activity

In other news, Senior Officer James Jeffrey Jeter sold 3,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of C$85.55, for a total value of C$256,650.00. In related news, Senior Officer James Francis Kessler sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of C$80.41, for a total transaction of C$643,280.00. Also, Senior Officer James Jeffrey Jeter sold 3,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$85.55, for a total value of C$256,650.00. Insiders sold a total of 14,857 shares of company stock worth $1,206,184 in the last quarter. 0.29% of the stock is owned by company insiders.

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.