James J. Jeter Sells 3,500 Shares of RB Global, Inc. (NYSE:RBA) Stock

RB Global, Inc. (NYSE:RBA) (TSE:RBA) CRO James J. Jeter sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $104.38, for a total value of $365,330.00. Following the completion of the transaction, the executive now owns 16,167 shares in the company, valued at $1,687,511.46. The trade was a 17.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

RB Global Trading Up 1.3%

Shares of RBA stock opened at $106.87 on Friday. The company’s fifty day simple moving average is $98.75 and its two-hundred day simple moving average is $95.35. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17. RB Global, Inc. has a 1 year low of $70.27 and a 1 year high of $107.99. The stock has a market capitalization of $19.79 billion, a price-to-earnings ratio of 53.17, a PEG ratio of 4.95 and a beta of 0.78.

RB Global (NYSE:RBA) (TSE:RBA) last issued its earnings results on Wednesday, May 7th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.89. RB Global had a net margin of 9.64% and a return on equity of 8.00%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the firm posted $0.90 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be issued a dividend of $0.29 per share. The ex-dividend date is Thursday, May 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.09%. RB Global’s payout ratio is 57.14%.

Analyst Upgrades and Downgrades

RBA has been the topic of a number of research reports. Royal Bank of Canada lifted their price target on shares of RB Global from $107.00 to $116.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Raymond James lifted their price target on shares of RB Global from $118.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. StockNews.com raised shares of RB Global from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Robert W. Baird lifted their price target on shares of RB Global from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Finally, BMO Capital Markets lifted their price target on shares of RB Global from $116.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, RB Global currently has an average rating of “Moderate Buy” and an average price target of $114.50.

Institutional Investors Weigh In On RB Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Natixis Advisors LLC increased its holdings in shares of RB Global by 69.5% in the fourth quarter. Natixis Advisors LLC now owns 18,877 shares of the business services provider’s stock worth $1,703,000 after purchasing an additional 7,737 shares during the period. Mawer Investment Management Ltd. increased its holdings in shares of RB Global by 15.7% in the fourth quarter. Mawer Investment Management Ltd. now owns 120,564 shares of the business services provider’s stock worth $10,876,000 after purchasing an additional 16,397 shares during the period. Vanguard Group Inc. increased its holdings in shares of RB Global by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 24,916,629 shares of the business services provider’s stock worth $2,248,060,000 after purchasing an additional 358,752 shares during the period. MetLife Investment Management LLC increased its holdings in shares of RB Global by 9.2% in the fourth quarter. MetLife Investment Management LLC now owns 103,934 shares of the business services provider’s stock worth $9,376,000 after purchasing an additional 8,723 shares during the period. Finally, Pictet Asset Management Holding SA increased its holdings in shares of RB Global by 16.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 100,318 shares of the business services provider’s stock worth $9,050,000 after purchasing an additional 13,836 shares during the period. Institutional investors own 95.37% of the company’s stock.

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.