RB Global (NYSE:RBA) Director Buys $100,488.00 in Stock

RB Global, Inc. (NYSE:RBAGet Free Report) (TSE:RBA) Director Chloe Harford purchased 1,200 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was purchased at an average cost of $83.74 per share, with a total value of $100,488.00. Following the purchase, the director owned 1,200 shares in the company, valued at $100,488. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

RB Global Stock Up 1.0%

NYSE RBA traded up $0.86 during trading on Tuesday, reaching $84.93. The company’s stock had a trading volume of 1,031,646 shares, compared to its average volume of 1,385,997. The stock has a market capitalization of $15.72 billion, a PE ratio of 36.52, a PEG ratio of 1.49 and a beta of 0.56. The business has a 50-day moving average price of $105.23 and a 200-day moving average price of $103.96. The company has a current ratio of 1.31, a quick ratio of 1.22 and a debt-to-equity ratio of 0.51. RB Global, Inc. has a 1-year low of $82.03 and a 1-year high of $119.58.

RB Global (NYSE:RBAGet Free Report) (TSE:RBA) last issued its quarterly earnings data on Tuesday, August 4th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.04. RB Global had a net margin of 9.99% and a return on equity of 12.37%. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.21 billion. On average, research analysts forecast that RB Global, Inc. will post 4.06 earnings per share for the current fiscal year.

RB Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Tuesday, August 25th will be paid a $0.33 dividend. The ex-dividend date is Tuesday, August 25th. This is a positive change from RB Global’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.6%. RB Global’s dividend payout ratio is presently 53.22%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RBA. BlackRock Inc. bought a new position in RB Global during the 2nd quarter worth about $1,816,059,000. EdgePoint Investment Group Inc. increased its stake in shares of 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 last quarter. State Street Corp raised 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 buying an additional 104,286 shares during the period. Royal Bank of Canada raised its stake in RB Global by 13.1% in the 1st quarter. Royal Bank of Canada now owns 5,043,648 shares of the business services provider’s stock valued at $483,432,000 after acquiring an additional 585,617 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of RB Global by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 5,000,897 shares of the business services provider’s stock worth $513,930,000 after buying an additional 250,887 shares during the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on RBA shares. Zacks Research cut RB Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Royal Bank Of Canada increased their target price on RB Global from $150.00 to $152.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Wall Street Zen downgraded shares of RB Global from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Weiss Ratings cut RB Global from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Finally, Barclays lowered their price target on shares of RB Global from $124.00 to $121.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $128.00.

View Our Latest Stock Analysis on RBA

RB Global Company Profile

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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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