Deborah Stein Acquires 425 Shares of RB Global (NYSE:RBA) Stock

RB Global, Inc. (NYSE:RBA) (TSE:RBA) Director Deborah Stein acquired 425 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was purchased at an average cost of $103.15 per share, for a total transaction of $43,838.75. Following the completion of the acquisition, the director directly owned 1,825 shares of the company’s stock, valued at approximately $188,248.75. This trade represents a 30.36% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at 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 purchased at an average cost of $98.74 per share, for a total transaction of $39,496.00.

RB Global Stock Up 1.1%

Shares of RBA stock opened at $104.46 on Thursday. The stock’s 50-day simple moving average is $101.26 and its 200-day simple moving average is $103.62. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.07 and a current ratio of 1.14. The firm has a market capitalization of $19.42 billion, a PE ratio of 48.59, a P/E/G ratio of 1.65 and a beta of 0.57. RB Global, Inc. has a fifty-two week low of $93.58 and a fifty-two week high of $119.58.

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 analysts’ consensus estimates of $0.97 by $0.04. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.13 billion. RB Global had a return on equity of 12.33% and a net margin of 9.55%.The company’s revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.89 earnings per share. Equities analysts expect that RB Global, Inc. will post 4.09 earnings per share for the current year.

RB Global Dividend Announcement

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

Institutional Trading of RB Global

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of RB Global by 0.5% in the third quarter. Vanguard Group Inc. now owns 25,330,426 shares of the business services provider’s stock worth $2,744,455,000 after buying an additional 124,926 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of RB Global by 1.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,892,186 shares of the business services provider’s stock worth $1,120,479,000 after buying an additional 165,260 shares during the last quarter. EdgePoint Investment Group Inc. boosted its stake in shares of RB Global by 14.4% in the first quarter. EdgePoint Investment Group Inc. now owns 8,812,865 shares of the business services provider’s stock worth $845,337,000 after buying an additional 1,111,217 shares during the last quarter. State Street Corp boosted its stake in shares of RB Global by 1.7% in the fourth quarter. State Street Corp now owns 6,290,640 shares of the business services provider’s stock worth $647,118,000 after buying an additional 104,286 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of RB Global by 13.1% in the first quarter. Royal Bank of Canada now owns 5,043,648 shares of the business services provider’s stock worth $483,432,000 after buying an additional 585,617 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

Analyst Upgrades and Downgrades

RBA has been the topic of a number of research reports. Weiss Ratings raised RB Global from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 26th. Stephens reissued an “equal weight” rating and issued a $96.00 price objective on shares of RB Global in a report on Tuesday, May 5th. Royal Bank Of Canada increased their price objective on RB Global from $146.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $135.00 price objective (up from $130.00) on shares of RB Global in a report on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, RB Global currently has a consensus rating of “Moderate Buy” and a consensus target price 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.