RB Global (NYSE:RBA) Director Chloe Harford Acquires 1,200 Shares

RB Global, Inc. (NYSE:RBA) (TSE:RBA) Director Chloe Harford bought 1,200 shares of RB Global stock in a transaction on Monday, August 24th. The stock was acquired at an average cost of $83.74 per share, with a total value of $100,488.00. Following the acquisition, the director owned 1,200 shares in the company, valued at approximately $100,488. This represents a ? increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

RB Global Trading Up 1.2%

Shares of NYSE:RBA opened at $85.12 on Wednesday. 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, Inc. has a 1 year low of $82.03 and a 1 year high of $119.58. The company has a market cap of $15.76 billion, a P/E ratio of 36.53, a PEG ratio of 1.44 and a beta of 0.56. The stock’s fifty day moving average price is $104.72 and its 200-day moving average price is $103.74.

RB Global (NYSE:RBA) (TSE:RBA) last released its quarterly earnings data on Tuesday, August 4th. The business services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.09 by $0.04. The company had revenue of $1.66 billion during 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%. Sell-side analysts expect that RB Global, Inc. will post 4.06 earnings per share for the current year.

RB Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Tuesday, August 25th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, August 25th. This is a positive change from RB Global’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 1.6%. RB Global’s dividend payout ratio is presently 53.22%.

Hedge Funds Weigh In On RB Global

A number of institutional investors have recently bought and sold shares of the stock. Personal CFO Solutions LLC boosted its holdings in RB Global by 0.9% in the 1st quarter. Personal CFO Solutions LLC now owns 11,192 shares of the business services provider’s stock valued at $1,073,000 after purchasing an additional 96 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of RB Global by 21.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 540 shares of the business services provider’s stock worth $54,000 after buying an additional 97 shares during the last quarter. Covestor Ltd raised its position in shares of RB Global by 11.6% during the 4th quarter. Covestor Ltd now owns 933 shares of the business services provider’s stock valued at $96,000 after buying an additional 97 shares during the period. Coldstream Capital Management Inc. raised its position in shares of RB Global by 5.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,044 shares of the business services provider’s stock valued at $221,000 after buying an additional 105 shares during the period. Finally, Sigma Planning Corp lifted its holdings in RB Global by 1.4% in the fourth quarter. Sigma Planning Corp now owns 8,416 shares of the business services provider’s stock valued at $866,000 after acquiring an additional 114 shares during the last quarter. 95.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RBA has been the subject of a number of research reports. Stephens reiterated an “equal weight” rating and set a $96.00 target price on shares of RB Global in a research note on Tuesday, May 5th. National Bank Financial upped their price objective on RB Global from $132.00 to $133.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Zacks Research downgraded RB Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Barclays cut their price target on RB Global from $124.00 to $121.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Finally, Weiss Ratings cut shares of RB Global from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. One 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.