RB Global, Inc. (NYSE:RBA) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $122.8750.

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada raised their price target on shares of RB Global from $132.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. National Bankshares cut their target price on RB Global from $113.00 to $111.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 9th. National Bank Financial upgraded RB Global from a “sector perform” rating to an “outperform” rating and set a $124.00 price target on the stock in a report on Monday, November 24th. Weiss Ratings cut RB Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Finally, Wall Street Zen lowered RB Global from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th.

Insider Buying and Selling at RB Global

In related news, insider Michael Thomas Steven Lewis sold 2,151 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $118.15, for a total value of $254,140.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Deborah Stein acquired 1,000 shares of the stock in a transaction on Thursday, November 13th. The stock was bought at an average price of $101.26 per share, with a total value of $101,260.00. Following the completion of the acquisition, the director directly owned 1,000 shares of the company’s stock, valued at $101,260. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.28% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RBA. LPL Financial LLC grew its stake in RB Global by 0.4% in the first quarter. LPL Financial LLC now owns 70,586 shares of the business services provider’s stock worth $7,080,000 after purchasing an additional 261 shares during the period. Federated Hermes Inc. boosted its holdings in shares of RB Global by 4.4% during the 1st quarter. Federated Hermes Inc. now owns 19,100 shares of the business services provider’s stock valued at $1,916,000 after buying an additional 802 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of RB Global in the 1st quarter worth about $236,000. Natixis Advisors LLC increased its stake in shares of RB Global by 56.6% in the 1st quarter. Natixis Advisors LLC now owns 29,569 shares of the business services provider’s stock worth $2,966,000 after acquiring an additional 10,692 shares in the last quarter. Finally, Scotia Capital Inc. increased its stake in shares of RB Global by 5.9% in the 1st quarter. Scotia Capital Inc. now owns 67,545 shares of the business services provider’s stock worth $6,719,000 after acquiring an additional 3,769 shares in the last quarter. Institutional investors own 95.37% of the company’s stock.

RB Global Price Performance

Shares of RB Global stock opened at $99.64 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.23 and a quick ratio of 1.15. RB Global has a one year low of $86.68 and a one year high of $119.58. The business’s 50 day simple moving average is $101.00 and its two-hundred day simple moving average is $106.97. The stock has a market capitalization of $18.50 billion, a P/E ratio of 47.68, a price-to-earnings-growth ratio of 2.17 and a beta of 0.56.

RB Global (NYSE:RBA) (TSE:RBA) last issued its earnings results on Thursday, November 6th. The business services provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.10. RB Global had a net margin of 9.65% and a return on equity of 9.66%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the business earned $0.71 earnings per share. The business’s revenue was up 12.0% on a year-over-year basis. Analysts forecast that RB Global will post 2.5 EPS for the current year.

RB Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 26th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, November 26th. RB Global’s payout ratio is presently 59.33%.

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.