Key Points
- Director Deborah Stein bought 400 RB Global shares on March 18 at an average price of $98.74 (a $39,496 purchase), raising her holdings to 1,400 shares—a 40% increase—according to an SEC filing.
- RB Global beat Q4 expectations with EPS of $1.11 vs. $0.99 and revenue of $1.20B vs. $1.17B (revenue +5.4% YoY), and analysts have mostly upgraded the stock to Buy with an average target of $129.29.
- The company pays a quarterly dividend of $0.31 (annualized $1.24, ~1.3% yield) and is highly institutionally owned (about 95.37% of shares), with a market cap near $17.9 billion.
RB Global, Inc. (NYSE:RBA - Get Free Report) (TSE:RBA) Director Deborah Stein bought 400 shares of the business's stock in a transaction that occurred on Wednesday, March 18th. The shares were acquired at an average price of $98.74 per share, for a total transaction of $39,496.00. Following the transaction, the director owned 1,400 shares in the company, valued at $138,236. This represents a 40.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
RB Global Trading Up 0.3%
NYSE RBA opened at $96.09 on Friday. The stock has a market capitalization of $17.87 billion, a P/E ratio of 47.10, a P/E/G ratio of 1.48 and a beta of 0.57. The business has a 50 day simple moving average of $107.65 and a 200 day simple moving average of $105.83. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.10 and a quick ratio of 1.02. RB Global, Inc. has a one year low of $87.87 and a one year high of $119.58.
RB Global (NYSE:RBA - Get Free Report) (TSE:RBA) last issued its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.12. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.17 billion. RB Global had a return on equity of 11.12% and a net margin of 9.33%.The company's revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.95 earnings per share. Research analysts expect that RB Global, Inc. will post 2.5 earnings per share for the current year.
RB Global Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, February 9th. RB Global's payout ratio is presently 60.78%.
Institutional Trading of RB Global
Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in RB Global by 0.5% during 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 grew its holdings in shares of RB Global by 1.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,892,186 shares of the business services provider's stock valued at $1,120,479,000 after buying an additional 165,260 shares during the last quarter. EdgePoint Investment Group Inc. grew its holdings in shares of RB Global by 11.9% during the fourth quarter. EdgePoint Investment Group Inc. now owns 7,701,648 shares of the business services provider's stock valued at $792,934,000 after buying an additional 821,319 shares during the last quarter. Vontobel Holding Ltd. increased its position in shares of RB Global by 10.3% during the third quarter. Vontobel Holding Ltd. now owns 7,215,414 shares of the business services provider's stock worth $781,862,000 after acquiring an additional 672,450 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of RB Global by 1.7% in the 4th quarter. State Street Corp now owns 6,290,640 shares of the business services provider's stock worth $647,118,000 after acquiring an additional 104,286 shares during the last quarter. Institutional investors own 95.37% of the company's stock.
Analyst Upgrades and Downgrades
RBA has been the subject of a number of research reports. BMO Capital Markets raised their price target on shares of RB Global from $135.00 to $140.00 and gave the stock an "outperform" rating in a report on Wednesday, February 18th. Royal Bank Of Canada upped their price objective on shares of RB Global from $137.00 to $146.00 and gave the company an "outperform" rating in a report on Wednesday, February 18th. National Bank Financial raised shares of RB Global from a "sector perform" rating to an "outperform" rating and set a $124.00 price objective on the stock in a research report on Monday, November 24th. Weiss Ratings upgraded RB Global from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, February 26th. Finally, Raymond James Financial boosted their target price on RB Global from $135.00 to $145.00 and gave the company an "outperform" rating in a research report on Tuesday, January 20th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $129.29.
Read Our Latest Stock Analysis on RB Global
About RB Global
(
Get Free Report)
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.
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