RB Global (NYSE:RBA) Given New $115.00 Price Target at National Bankshares

RB Global (NYSE:RBA) (TSE:RBA) had its price objective lowered by National Bankshares from $118.00 to $115.00 in a research note released on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the business services provider’s stock.

RBA has been the topic of a number of other research reports. BMO Capital Markets raised their price objective on RB Global from $116.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. CIBC cut their price objective on shares of RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a research report on Monday, February 3rd. Royal Bank of Canada increased their target price on shares of RB Global from $107.00 to $116.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Raymond James lifted their price target on shares of RB Global from $110.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Finally, StockNews.com lowered RB Global from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.56.

RB Global Stock Down 3.2 %

RB Global stock traded down $3.08 during midday trading on Wednesday, hitting $93.02. 359,738 shares of the company’s stock were exchanged, compared to its average volume of 1,123,172. RB Global has a 12 month low of $69.83 and a 12 month high of $106.90. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.29. The company has a market cap of $17.19 billion, a PE ratio of 46.28, a P/E/G ratio of 4.95 and a beta of 0.90. The firm has a 50-day moving average of $97.39 and a two-hundred day moving average of $92.12.

RB Global (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.23). The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.06 billion. RB Global had a net margin of 9.64% and a return on equity of 8.00%. During the same period in the previous year, the business earned $0.82 earnings per share. As a group, analysts expect that RB Global will post 2.5 earnings per share for the current fiscal year.

RB Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Friday, February 14th. RB Global’s payout ratio is 57.71%.

Insider Activity at RB Global

In other news, CEO James Francis Kessler sold 15,700 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $97.81, for a total value of $1,535,617.00. Following the completion of the transaction, the chief executive officer now owns 107,569 shares of the company’s stock, valued at $10,521,323.89. The trade was a 12.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO James J. Jeter sold 7,597 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $97.85, for a total value of $743,366.45. Following the completion of the sale, the executive now owns 20,267 shares in the company, valued at $1,983,125.95. The trade was a 27.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,897 shares of company stock worth $2,338,161 over the last quarter. Insiders own 4.32% of the company’s stock.

Institutional Investors Weigh In On RB Global

Several hedge funds have recently bought and sold shares of the stock. Natixis Advisors LLC boosted its holdings in RB Global by 69.5% during the fourth quarter. Natixis Advisors LLC now owns 18,877 shares of the business services provider’s stock worth $1,703,000 after buying an additional 7,737 shares in the last quarter. Vanguard Group Inc. grew its position in shares of RB Global by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 24,916,629 shares of the business services provider’s stock valued at $2,248,060,000 after acquiring an additional 358,752 shares during the period. Mawer Investment Management Ltd. increased its stake in shares of RB Global by 15.7% in the 4th quarter. Mawer Investment Management Ltd. now owns 120,564 shares of the business services provider’s stock valued at $10,876,000 after purchasing an additional 16,397 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in RB Global in the 4th quarter worth about $27,000. Finally, Diversified Trust Co boosted its position in RB Global by 48.9% during the fourth quarter. Diversified Trust Co now owns 63,119 shares of the business services provider’s stock worth $5,694,000 after purchasing an additional 20,724 shares in the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

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.