RB Global, Inc. (NYSE:RBA) Insider Baron Concors Sells 13,230 Shares

RB Global, Inc. (NYSE:RBA - Get Free Report) TSE: RBA insider Baron Concors sold 13,230 shares of the business's stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $75.05, for a total transaction of $992,911.50. Following the transaction, the insider now directly owns 15,487 shares of the company's stock, valued at $1,162,299.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

RB Global Price Performance

RBA stock traded up $0.48 on Wednesday, hitting $76.01. 552,888 shares of the company's stock traded hands, compared to its average volume of 803,705. RB Global, Inc. has a 1-year low of $51.41 and a 1-year high of $80.67. The stock has a market cap of $13.90 billion, a price-to-earnings ratio of 45.79, a P/E/G ratio of 5.66 and a beta of 0.88. The stock has a fifty day moving average of $74.47 and a 200-day moving average of $69.20. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.58.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last released its quarterly earnings results on Friday, February 23rd. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.14. RB Global had a net margin of 8.08% and a return on equity of 6.87%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the business earned $0.40 earnings per share. The firm's revenue was up 134.5% compared to the same quarter last year. On average, analysts forecast that RB Global, Inc. will post 1.9 EPS for the current fiscal year.

RB Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Wednesday, May 29th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.42%. RB Global's dividend payout ratio is currently 65.06%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Raymond James upped their price target on shares of RB Global from $78.00 to $90.00 and gave the stock an "outperform" rating in a research note on Monday, February 26th. Scotiabank upped their price target on shares of RB Global from $88.00 to $89.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, April 24th. StockNews.com raised shares of RB Global from a "sell" rating to a "hold" rating in a research note on Friday, February 9th. Finally, Royal Bank of Canada upped their price target on shares of RB Global from $75.00 to $93.00 and gave the stock an "outperform" rating in a research note on Monday, February 26th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $83.00.

Institutional Investors Weigh In On RB Global

A number of large investors have recently made changes to their positions in RBA. Headlands Technologies LLC acquired a new position in RB Global in the 3rd quarter valued at approximately $26,000. Cary Street Partners Investment Advisory LLC acquired a new position in RB Global in the 3rd quarter valued at approximately $26,000. YHB Investment Advisors Inc. acquired a new position in RB Global in the 1st quarter valued at approximately $27,000. Oakworth Capital Inc. increased its stake in RB Global by 53.3% in the 4th quarter. Oakworth Capital Inc. now owns 466 shares of the business services provider's stock valued at $31,000 after buying an additional 162 shares during the period. Finally, Hollencrest Capital Management bought a new stake in RB Global in the first quarter worth approximately $33,000. 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.

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