RB Global (NYSE:RBA) Director Deborah Stein Purchases 500 Shares

RB Global, Inc. (NYSE:RBAGet Free Report) (TSE:RBA) Director Deborah Stein purchased 500 shares of the stock in a transaction on Wednesday, September 9th. The shares were purchased at an average cost of $80.91 per share, with a total value of $40,455.00. Following the transaction, the director owned 2,325 shares of the company’s stock, valued at $188,115.75. This trade represents a 27.40% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

RB Global Stock Down 1.0%

Shares of NYSE:RBA opened at $80.52 on Friday. The stock has a 50-day simple moving average of $97.85 and a 200-day simple moving average of $101.59. The stock has a market capitalization of $14.91 billion, a P/E ratio of 34.56, a PEG ratio of 1.39 and a beta of 0.52. RB Global, Inc. has a 1 year low of $79.75 and a 1 year high of $119.58. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.22 and a current ratio of 1.31.

RB Global (NYSE:RBAGet Free Report) (TSE:RBA) last posted its quarterly earnings results on Tuesday, August 4th. The business services provider reported $1.13 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.21 billion. Equities analysts forecast that RB Global, Inc. will post 4.06 earnings per share for the current year.

RB Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Tuesday, August 25th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, August 25th. This is a positive change from RB Global’s previous quarterly dividend of $0.31. RB Global’s dividend payout ratio (DPR) is presently 56.65%.

Institutional Trading of RB Global

A number of hedge funds and other institutional investors have recently modified their holdings of RBA. Public Employees Retirement System of Ohio boosted its position in shares of RB Global by 9.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 207,778 shares of the business services provider’s stock valued at $19,873,000 after purchasing an additional 17,489 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of RB Global by 7.8% during the first quarter. Bank of America Corp DE now owns 1,452,438 shares of the business services provider’s stock worth $139,216,000 after acquiring an additional 104,560 shares in the last quarter. Legacy Wealth Asset Management LLC raised its holdings in shares of RB Global by 127.3% during the second quarter. Legacy Wealth Asset Management LLC now owns 26,343 shares of the business services provider’s stock worth $3,068,000 after acquiring an additional 14,755 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in RB Global in the second quarter valued at about $17,590,000. Finally, Moore Capital Management LP grew its stake in shares of RB Global by 125.0% in the 4th quarter. Moore Capital Management LP now owns 305,557 shares of the business services provider’s stock valued at $31,433,000 after buying an additional 169,755 shares in the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on RBA shares. Barclays reduced their price objective on RB Global from $124.00 to $121.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Raymond James Financial upgraded RB Global from an “outperform” rating to a “strong-buy” rating and set a $145.00 target price for the company in a research note on Tuesday, June 30th. Zacks Research downgraded RB Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of RB Global in a report on Wednesday, August 5th. Finally, Wall Street Zen downgraded shares of RB Global from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $128.00.

Read Our Latest Analysis on RBA

About RB Global

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RB Global, Inc (NYSE: RBA) operates a global marketplace for the sale and management of used equipment, vehicles and other commercial assets. The company serves construction, transportation, agriculture, energy, government and other industrial sectors, helping businesses buy, sell, manage and value assets through digital and physical channels.

Its services include unreserved live and online auctions, timed auctions, private sales, equipment listings, inspections, valuations, financing and asset-management solutions.

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