Key Points
- RB Global director Deborah Stein bought 425 shares on May 19 at an average price of $103.15, a $43,838.75 purchase that increased her stake by 30.36% to 1,825 shares.
- The company recently reported strong quarterly results, with EPS of $1.01 beating estimates and revenue of $1.21 billion topping expectations; revenue rose 11.4% year over year.
- RB Global also announced a quarterly dividend of $0.31 per share, payable June 18, and analysts currently have a consensus rating of Moderate Buy with an average price target of $126.43.
RB Global, Inc. (NYSE:RBA - Get Free Report) (TSE:RBA) Director Deborah Stein acquired 425 shares of the company's stock in a transaction on Tuesday, May 19th. The stock was acquired at an average price of $103.15 per share, for a total transaction of $43,838.75. Following the completion of the purchase, the director owned 1,825 shares of the company's stock, valued at $188,248.75. This trade represents a 30.36% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Deborah Stein also recently made the following trade(s):
- On Wednesday, March 18th, Deborah Stein purchased 400 shares of RB Global stock. The shares were bought at an average cost of $98.74 per share, with a total value of $39,496.00.
RB Global Price Performance
Shares of NYSE RBA opened at $103.19 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.14 and a quick ratio of 1.07. The stock has a fifty day moving average price of $101.28 and a 200 day moving average price of $103.59. RB Global, Inc. has a 1-year low of $93.58 and a 1-year high of $119.58. The company has a market cap of $19.18 billion, a PE ratio of 47.99, a P/E/G ratio of 1.64 and a beta of 0.57.
RB Global (NYSE:RBA - Get Free Report) (TSE:RBA) last announced its quarterly earnings data on Monday, May 4th. The business services provider reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.04. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.13 billion. RB Global had a net margin of 9.55% and a return on equity of 12.33%. RB Global's quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 EPS. Sell-side analysts forecast that RB Global, Inc. will post 4.09 EPS for the current year.
RB Global Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Wednesday, May 27th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, May 27th. RB Global's dividend payout ratio is currently 57.67%.
Analyst Ratings Changes
RBA has been the topic of a number of analyst reports. Weiss Ratings raised RB Global from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, February 26th. Royal Bank Of Canada raised their price target on RB Global from $146.00 to $150.00 and gave the company an "outperform" rating in a report on Tuesday, May 5th. Stephens restated an "equal weight" rating and issued a $96.00 price target on shares of RB Global in a research note on Tuesday, May 5th. BMO Capital Markets reaffirmed an "outperform" rating and set a $135.00 price objective (up from $130.00) on shares of RB Global in a report on Tuesday, May 5th. Finally, Raymond James Financial increased their price objective on RB Global from $135.00 to $145.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 20th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, RB Global currently has a consensus rating of "Moderate Buy" and an average price target of $126.43.
Get Our Latest Report on RB Global
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MV Capital Management Inc. acquired a new position in RB Global during the fourth quarter worth about $29,000. Bayban acquired a new position in RB Global during the fourth quarter worth about $34,000. Central Pacific Bank Trust Division lifted its holdings in shares of RB Global by 41.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 363 shares of the business services provider's stock valued at $37,000 after purchasing an additional 107 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of RB Global in the first quarter valued at approximately $43,000. Finally, State of Wyoming acquired a new stake in shares of RB Global in the second quarter valued at approximately $46,000. 95.37% of the stock is currently owned by institutional investors and hedge funds.
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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