RB Global, Inc. (NYSE:RBA) CEO Sells $5,022,380.00 in Stock

RB Global, Inc. (NYSE:RBA - Get Free Report) TSE: RBA CEO James Francis Kessler sold 45,658 shares of the business's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $110.00, for a total value of $5,022,380.00. Following the completion of the transaction, the chief executive officer owned 107,569 shares in the company, valued at $11,832,590. The trade was a 29.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

RB Global Trading Down 0.3%

RBA stock traded down $0.29 during midday trading on Friday, reaching $110.06. 1,041,186 shares of the company traded hands, compared to its average volume of 960,314. RB Global, Inc. has a 52-week low of $70.38 and a 52-week high of $111.71. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.21 and a current ratio of 1.31. The business has a 50 day moving average of $106.33 and a 200-day moving average of $99.62. The firm has a market capitalization of $20.38 billion, a price-to-earnings ratio of 54.22, a P/E/G ratio of 2.54 and a beta of 0.77.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last issued its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.89. RB Global had a return on equity of 8.03% and a net margin of 9.68%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the business posted $0.90 earnings per share. The company's quarterly revenue was up 4.1% compared to the same quarter last year. As a group, sell-side analysts expect that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Announces Dividend

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

Analyst Ratings Changes

RBA has been the topic of a number of research analyst reports. CIBC boosted their target price on RB Global from $118.00 to $121.00 and gave the stock an "outperformer" rating in a research report on Friday. Raymond James Financial boosted their target price on RB Global from $118.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. National Bankshares decreased their target price on RB Global from $118.00 to $115.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Wall Street Zen downgraded RB Global from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, National Bank Financial downgraded RB Global from a "strong-buy" rating to a "hold" rating in a research report on Sunday, May 25th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, RB Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $116.21.

Institutional Investors Weigh In On RB Global

Several hedge funds and other institutional investors have recently modified their holdings of the business. CoreCap Advisors LLC raised its position in shares of RB Global by 74.5% in the 4th quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider's stock worth $25,000 after acquiring an additional 117 shares in the last quarter. SouthState Corp purchased a new stake in RB Global during the 1st quarter valued at about $26,000. MV Capital Management Inc. grew its stake in RB Global by 5,560.0% during the 1st quarter. MV Capital Management Inc. now owns 283 shares of the business services provider's stock valued at $28,000 after purchasing an additional 278 shares during the last quarter. SVB Wealth LLC purchased a new stake in RB Global during the 1st quarter valued at about $28,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of RB Global by 49.4% in the 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock valued at $35,000 after buying an additional 129 shares during the period. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

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.