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

RB Global, Inc. (NYSE:RBA) (TSE:RBA) CRO James J. Jeter sold 2,000 shares of the company’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $106.96, for a total value of $213,920.00. Following the transaction, the executive now directly 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 filing with the Securities & Exchange Commission, which can be accessed through this link.

RB Global Stock Up 1.3%

Shares of RBA opened at $108.24 on Friday. The company has a market capitalization of $20.04 billion, a price-to-earnings ratio of 53.85, a PEG ratio of 4.95 and a beta of 0.78. RB Global, Inc. has a 52 week low of $70.27 and a 52 week high of $108.30. The stock’s 50-day moving average price is $98.94 and its 200-day moving average price is $95.56. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.50.

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

RB Global Dividend Announcement

The business also recently announced 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 yield of 1.07%. The ex-dividend date is Thursday, May 29th. RB Global’s dividend payout ratio (DPR) is 57.14%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Raymond James upped their target price on RB Global from $118.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. Royal Bank of Canada upped their target price on RB Global from $107.00 to $116.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. StockNews.com upgraded RB Global from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Robert W. Baird boosted their price target on RB Global from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Finally, BMO Capital Markets boosted their price target on RB Global from $116.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.50.

Institutional Trading of RB Global

Several hedge funds and other institutional investors have recently bought and sold shares of RBA. CoreCap Advisors LLC grew its holdings in RB Global by 74.5% during the fourth quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider’s stock worth $25,000 after acquiring an additional 117 shares during the period. SouthState Corp purchased a new position in RB Global during the first quarter worth approximately $26,000. MV Capital Management Inc. boosted its position in RB Global by 5,560.0% during the first quarter. MV Capital Management Inc. now owns 283 shares of the business services provider’s stock worth $28,000 after purchasing an additional 278 shares in the last quarter. SVB Wealth LLC purchased a new position in RB Global during the first quarter worth approximately $28,000. Finally, Jones Financial Companies Lllp boosted its position in RB Global by 49.4% during the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider’s stock worth $35,000 after purchasing an additional 129 shares in the last quarter. 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.