Insider Selling: RB Global (NYSE:RBA) CAO Sells $15,400.00 in Stock

RB Global, Inc. (NYSE:RBA) (TSE:RBA) CAO Christopher Carlson sold 140 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $110.00, for a total value of $15,400.00. Following the completion of the transaction, the chief accounting officer directly owned 3,664 shares of the company’s stock, valued at $403,040. The trade was a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

RB Global Price Performance

RB Global stock opened at $103.18 on Friday. RB Global, Inc. has a one year low of $93.58 and a one year high of $119.58. The business has a fifty day moving average price of $101.15 and a 200-day moving average price of $103.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.14 and a quick ratio of 1.02. The firm has a market capitalization of $19.18 billion, a P/E ratio of 47.99, a PEG ratio of 1.67 and a beta of 0.57.

RB Global (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings results on Monday, May 4th. The business services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. RB Global had a return on equity of 12.33% and a net margin of 9.55%.The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the company earned $0.89 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. As a group, equities research analysts forecast that RB Global, Inc. will post 4.04 EPS for the current year.

RB Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Wednesday, May 27th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, May 27th. RB Global’s dividend payout ratio (DPR) is presently 57.67%.

Institutional Investors Weigh In On RB Global

A number of large investors have recently added to or reduced their stakes in the company. Personal CFO Solutions LLC raised its position in RB Global by 0.9% during the first 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 in the last quarter. Covestor Ltd raised its position in RB Global by 11.6% during the fourth quarter. Covestor Ltd now owns 933 shares of the business services provider’s stock valued at $96,000 after purchasing an additional 97 shares in the last quarter. Geneos Wealth Management Inc. raised its position in RB Global by 21.9% during the first quarter. Geneos Wealth Management Inc. now owns 540 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 97 shares in the last quarter. Coldstream Capital Management Inc. raised its position in RB Global by 5.4% during the third quarter. Coldstream Capital Management Inc. now owns 2,044 shares of the business services provider’s stock valued at $221,000 after purchasing an additional 105 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in RB Global by 12.9% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 938 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on RBA shares. Stephens reissued an “equal weight” rating and set a $96.00 price objective on shares of RB Global in a research note on Tuesday. BMO Capital Markets reissued an “outperform” rating and set a $135.00 price objective (up from $130.00) on shares of RB Global in a research note on Tuesday. Weiss Ratings raised RB Global from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 26th. Raymond James Financial lifted their price objective on RB Global from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Finally, Royal Bank Of Canada lifted their price objective on RB Global from $146.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.43.

About RB Global

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.