Deborah Stein Buys 500 Shares of RB Global (NYSE:RBA) Stock

RB Global, Inc. (NYSE:RBA) (TSE:RBA) Director Deborah Stein bought 500 shares of the stock in a transaction dated Wednesday, September 9th. The stock was bought at an average price of $80.91 per share, with a total value of $40,455.00. Following the acquisition, the director owned 2,325 shares in the company, valued at approximately $188,115.75. This represents a 27.40% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

RB Global Stock Performance

Shares of NYSE RBA traded down $0.81 during midday trading on Thursday, reaching $80.52. 2,003,822 shares of the company were exchanged, compared to its average volume of 1,821,218. The stock has a market cap of $14.91 billion, a P/E ratio of 34.56, a PEG ratio of 1.39 and a beta of 0.52. RB Global, Inc. has a 1 year low of $79.75 and a 1 year high of $119.58. The stock has a fifty day simple moving average of $97.85 and a 200 day simple moving average of $101.59. The company has a current ratio of 1.31, a quick ratio of 1.22 and a debt-to-equity ratio of 0.51.

RB Global (NYSE:RBA) (TSE:RBA) last released its earnings results 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 analysts’ expectations of $1.21 billion. RB Global had a net margin of 9.99% and a return on equity of 12.37%. On average, research analysts forecast that RB Global, Inc. will post 4.06 earnings per share for the current fiscal 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 paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $1.32 annualized dividend and a dividend yield of 1.6%. This is a boost from RB Global’s previous quarterly dividend of $0.31. RB Global’s dividend payout ratio is presently 56.65%.

Institutional Investors Weigh In On RB Global

A number of institutional investors and hedge funds have recently bought and sold shares of RBA. Addison Advisors LLC acquired a new stake in RB Global during the second quarter valued at approximately $26,000. J.Safra Asset Management Corp acquired a new position in shares of RB Global in the 2nd quarter worth $32,000. MV Capital Management Inc. acquired a new stake in shares of RB Global during the fourth quarter worth $29,000. Integrated Wealth Concepts LLC purchased a new stake in shares of RB Global during the second quarter valued at $35,000. Finally, Bayban purchased a new position in RB Global in the 4th quarter worth about $34,000. 95.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RBA has been the subject of several recent research reports. National Bank Financial upped their price target on shares of RB Global from $132.00 to $133.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada boosted their price objective on RB Global from $150.00 to $152.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of RB Global in a research report on Wednesday, August 5th. Raymond James Financial raised RB Global from an “outperform” rating to a “strong-buy” rating and set a $145.00 price target for the company in a research note on Tuesday, June 30th. Finally, Barclays reduced their price objective on shares of RB Global from $124.00 to $121.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $128.00.

RB Global Company Profile

RB Global, Inc (NYSE: RBA) operates a global marketplace for the sale and management of used equipment, vehicles and other commercial assets. The company serves construction, transportation, agriculture, energy, government and other industrial sectors, helping businesses buy, sell, manage and value assets through digital and physical channels.

Its services include unreserved live and online auctions, timed auctions, private sales, equipment listings, inspections, valuations, financing and asset-management solutions.