RB Global, Inc. (NYSE:RBA) CRO James J. Jeter Sells 2,000 Shares

RB Global, Inc. (NYSE:RBA) (TSE:RBA) CRO James J. Jeter sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $106.96, for a total transaction of $213,920.00. Following the completion of the transaction, the executive now owns 14,167 shares in the company, valued at $1,515,302.32. This represents a 12.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

RB Global Stock Performance

Shares of RBA opened at $108.24 on Monday. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The firm has a market cap of $20.04 billion, a PE ratio of 53.85, a price-to-earnings-growth ratio of 4.95 and a beta of 0.78. The company’s 50 day simple moving average is $98.94 and its 200-day simple moving average is $95.63. RB Global, Inc. has a 12-month low of $70.27 and a 12-month high of $108.80.

RB Global (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.89 earnings per share for the quarter, hitting the consensus estimate of $0.89. RB Global had a return on equity of 8.00% and a net margin of 9.64%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the company earned $0.90 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. As a group, equities analysts predict that RB Global, Inc. will post 2.5 EPS for the current year.

RB Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, May 29th. RB Global’s dividend payout ratio is presently 57.14%.

Institutional Investors Weigh In On RB Global

Several hedge funds have recently modified their holdings of the stock. Park Avenue Securities LLC lifted its holdings in RB Global by 8.9% in the fourth quarter. Park Avenue Securities LLC now owns 8,082 shares of the business services provider’s stock valued at $729,000 after acquiring an additional 658 shares during the period. Cypress Wealth Services LLC acquired a new stake in RB Global in the fourth quarter valued at $224,000. Avanza Fonder AB acquired a new stake in RB Global in the fourth quarter valued at $1,234,000. Integrated Investment Consultants LLC lifted its holdings in RB Global by 8.9% in the fourth quarter. Integrated Investment Consultants LLC now owns 3,134 shares of the business services provider’s stock valued at $283,000 after acquiring an additional 257 shares during the period. Finally, UMB Bank n.a. lifted its holdings in RB Global by 60.1% in the fourth quarter. UMB Bank n.a. now owns 938 shares of the business services provider’s stock valued at $85,000 after acquiring an additional 352 shares during the period. 95.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. National Bankshares dropped their price target on shares of RB Global from $118.00 to $115.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Royal Bank of Canada increased their price target on shares of RB Global from $107.00 to $116.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. StockNews.com upgraded shares of RB Global from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. CIBC increased their price target on shares of RB Global from $116.00 to $118.00 and gave the company an “outperformer” rating in a research note on Friday, May 9th. Finally, BMO Capital Markets increased their price target on shares of RB Global from $116.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $114.50.

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.