RB Global, Inc. (NYSE:RBA – Get Free Report) (TSE:RBA) Director Deborah Stein acquired 425 shares of RB Global stock in a transaction dated Tuesday, May 19th. The stock was purchased at an average price 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 in the company, valued at approximately $188,248.75. This represents a 30.36% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 price of $98.74 per share, for a total transaction of $39,496.00.
RB Global Price Performance
Shares of RBA opened at $103.19 on Wednesday. RB Global, Inc. has a twelve month low of $93.58 and a twelve month high of $119.58. The firm’s fifty day simple moving average is $101.28 and its 200-day simple moving average is $103.59. The firm has a market capitalization of $19.18 billion, a price-to-earnings ratio of 47.99, a PEG ratio of 1.64 and a beta of 0.57. The company has a current ratio of 1.14, a quick ratio of 1.07 and a debt-to-equity ratio of 0.40.
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. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, May 27th. RB Global’s dividend payout ratio (DPR) is presently 57.67%.
Analyst Upgrades and Downgrades
RBA has been the topic of a number of analyst reports. Raymond James Financial raised their price objective on shares of RB Global from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. Weiss Ratings upgraded shares of RB Global from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 26th. Stephens restated an “equal weight” rating and issued a $96.00 price objective on shares of RB Global in a report on Tuesday, May 5th. BMO Capital Markets reiterated an “outperform” rating and set a $135.00 price target (up from $130.00) on shares of RB Global in a research note on Tuesday, May 5th. Finally, Royal Bank Of Canada boosted their price target on shares of RB Global from $146.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $126.43.
View Our Latest Analysis on RBA
Institutional Investors Weigh In On RB Global
Large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in RB Global by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 25,330,426 shares of the business services provider’s stock valued at $2,744,455,000 after purchasing an additional 124,926 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in RB Global by 1.5% during the 4th 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 purchasing an additional 165,260 shares during the period. EdgePoint Investment Group Inc. boosted its stake in RB Global by 14.4% during the 1st quarter. EdgePoint Investment Group Inc. now owns 8,812,865 shares of the business services provider’s stock worth $845,337,000 after purchasing an additional 1,111,217 shares during the period. State Street Corp increased its stake in 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 valued at $647,118,000 after purchasing an additional 104,286 shares during the period. Finally, Royal Bank of Canada increased its stake in 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 valued at $483,432,000 after purchasing an additional 585,617 shares during the period. 95.37% of the stock is owned by institutional investors and hedge funds.
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.
Read More
- Five stocks we like better than RB Global
- HIVE Weaponizes Power for an AI Pivot
- A Deep Dive Into NVIDIA’s Latest Portfolio Moves
- Brady Corp Wires Up a Massive AI-Powered Breakout
- Why Home Depot’s Sell-Off Could Become a Huge Opportunity
Receive News & Ratings for RB Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RB Global and related companies with MarketBeat.com's FREE daily email newsletter.
