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

RB Global, Inc. (NYSE:RBA) (TSE:RBA) Director Chloe Harford purchased 1,200 shares of the business’s stock in a transaction 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 completion of the acquisition, the director owned 1,200 shares in the company, valued at approximately $100,488. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

RB Global Stock Up 0.2%

RBA opened at $85.90 on Friday. The firm has a market capitalization of $15.90 billion, a P/E ratio of 36.87, a price-to-earnings-growth ratio of 1.46 and a beta of 0.56. RB Global, Inc. has a one year low of $82.03 and a one year high of $119.58. The company has a fifty day moving average price of $103.79 and a 200-day moving average price of $103.31. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.31 and a quick ratio of 1.22.

RB Global (NYSE:RBA) (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. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.21 billion. RB Global had a return on equity of 12.37% and a net margin of 9.99%. Equities research analysts expect that RB Global, Inc. will post 4.06 earnings per share for the current fiscal year.

RB Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Tuesday, August 25th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, August 25th. This is an increase from RB Global’s previous quarterly dividend of $0.31. RB Global’s payout ratio is 56.65%.

Hedge Funds Weigh In On RB Global

Hedge funds and other institutional investors have recently modified their holdings of the company. Addison Advisors LLC purchased a new position in shares of RB Global during the 2nd quarter valued at about $26,000. MV Capital Management Inc. bought a new stake in RB Global in the 4th quarter worth approximately $29,000. J.Safra Asset Management Corp bought a new stake in RB Global in the 2nd quarter worth approximately $32,000. Bayban purchased a new stake in RB Global in the fourth quarter worth approximately $34,000. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in RB Global in the first quarter worth approximately $43,000. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on RBA shares. Weiss Ratings lowered RB Global from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of RB Global in a research note on Wednesday, August 5th. Royal Bank Of Canada lifted their target price on shares of RB Global from $150.00 to $152.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. National Bank Financial boosted their price target on shares of RB Global from $132.00 to $133.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen lowered shares of RB Global from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $128.00.

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.