Darren Jeffrey Watt Sells 7,400 Shares of RB Global, Inc. (NYSE:RBA) Stock

RB Global, Inc. (NYSE:RBA - Get Free Report) TSE: RBA insider Darren Jeffrey Watt sold 7,400 shares of the firm's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $110.00, for a total transaction of $814,000.00. Following the transaction, the insider owned 24,874 shares in the company, valued at $2,736,140. This represents a 22.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Darren Jeffrey Watt also recently made the following trade(s):

• On Tuesday, June 10th, Darren Jeffrey Watt sold 3,700 shares of RB Global stock. The stock was sold at an average price of $106.17, for a total transaction of $392,829.00.

RB Global Price Performance

Shares of RB Global stock traded down $0.29 during trading on Friday, hitting $110.06. 1,041,186 shares of the company's stock traded hands, compared to its average volume of 960,314. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.31 and a quick ratio of 1.21. The firm's fifty day moving average price is $106.33 and its 200 day moving average price is $99.62. RB Global, Inc. has a twelve month low of $70.38 and a twelve month high of $111.71. The company has a market cap of $20.38 billion, a PE ratio of 54.22, a PEG ratio of 2.54 and a beta of 0.77.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last issued its earnings results on Wednesday, May 7th. The business services provider reported $0.89 earnings per share for the quarter, meeting the consensus estimate of $0.89. RB Global had a net margin of 9.68% and a return on equity of 8.03%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business earned $0.90 EPS. The firm's revenue was up 4.1% on a year-over-year basis. Analysts forecast that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Thursday, May 29th were given a dividend of $0.29 per share. The ex-dividend date was Thursday, May 29th. This represents a $1.16 annualized dividend and a dividend yield of 1.05%. RB Global's dividend payout ratio (DPR) is currently 57.14%.

Institutional Trading of RB Global

Several institutional investors have recently made changes to their positions in the business. HB Wealth Management LLC bought a new position in RB Global during the 2nd quarter valued at about $239,000. Avior Wealth Management LLC lifted its holdings in RB Global by 602.5% during the 2nd quarter. Avior Wealth Management LLC now owns 13,214 shares of the business services provider's stock valued at $1,403,000 after purchasing an additional 11,333 shares during the last quarter. Signaturefd LLC lifted its holdings in RB Global by 7.6% during the 2nd quarter. Signaturefd LLC now owns 4,505 shares of the business services provider's stock valued at $478,000 after purchasing an additional 320 shares during the last quarter. Kathmere Capital Management LLC bought a new position in RB Global during the 2nd quarter valued at about $476,000. Finally, Oliver Luxxe Assets LLC lifted its holdings in RB Global by 2.2% during the 2nd quarter. Oliver Luxxe Assets LLC now owns 29,042 shares of the business services provider's stock valued at $3,084,000 after purchasing an additional 634 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RBA has been the topic of several recent analyst reports. Robert W. Baird lifted their target price on shares of RB Global from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. National Bankshares dropped their target price on shares of RB Global from $118.00 to $115.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. National Bank Financial downgraded shares of RB Global from a "strong-buy" rating to a "hold" rating in a report on Sunday, May 25th. Raymond James Financial raised their price target on shares of RB Global from $118.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, CIBC raised their price target on shares of RB Global from $118.00 to $121.00 and gave the stock an "outperformer" rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, RB Global has an average rating of "Moderate Buy" and a consensus target price of $116.21.

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.