Insider Selling: RB Global, Inc. (NYSE:RBA) CRO Sells 600 Shares of Stock

RB Global, Inc. (NYSE:RBA) (TSE:RBA) CRO James J. Jeter sold 600 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $98.63, for a total value of $59,178.00. Following the transaction, the executive now owns 19,667 shares in the company, valued at approximately $1,939,756.21. This represents a 2.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

RB Global Stock Performance

NYSE RBA opened at $100.12 on Tuesday. The stock has a market cap of $18.49 billion, a PE ratio of 49.81, a P/E/G ratio of 4.95 and a beta of 0.94. RB Global, Inc. has a twelve month low of $69.83 and a twelve month high of $106.90. The stock has a fifty day simple moving average of $95.57 and a 200-day simple moving average of $91.03. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50.

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

RB Global Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently commented on RBA shares. Robert W. Baird lifted their price objective on RB Global from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Raymond James lifted their price target on RB Global from $110.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. BMO Capital Markets boosted their price target on shares of RB Global from $116.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. StockNews.com upgraded shares of RB Global from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th. Finally, Royal Bank of Canada boosted their target price on shares of RB Global from $107.00 to $116.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, RB Global has an average rating of “Moderate Buy” and an average price target of $107.64.

Institutional Trading of RB Global

Several hedge funds have recently made changes to their positions in RBA. CoreCap Advisors LLC grew its holdings in shares of RB Global by 74.5% in the fourth quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 117 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in RB Global in the 4th quarter valued at approximately $27,000. Versant Capital Management Inc grew its stake in shares of RB Global by 136.4% in the fourth quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock worth $28,000 after acquiring an additional 176 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of RB Global by 49.4% during the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider’s stock worth $35,000 after acquiring an additional 129 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in shares of RB Global in the fourth quarter valued at $36,000. Institutional investors and hedge funds 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.