RB Global, Inc. (NYSE:RBA) CEO James Francis Kessler Sells 45,658 Shares

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 on Monday, July 14th. The shares were sold at an average price of $110.00, for a total transaction of $5,022,380.00. Following the completion of the transaction, the chief executive officer directly owned 107,569 shares of the company's stock, valued at $11,832,590. This trade represents a 29.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

RB Global Price Performance

Shares of NYSE RBA traded up $0.98 during midday trading on Thursday, reaching $110.29. 759,714 shares of the company were exchanged, compared to its average volume of 958,680. The company has a quick ratio of 1.21, a current ratio of 1.31 and a debt-to-equity ratio of 0.50. RB Global, Inc. has a one year low of $70.38 and a one year high of $111.07. The stock has a market cap of $20.42 billion, a P/E ratio of 54.33, a PEG ratio of 2.52 and a beta of 0.77. The stock's 50-day moving average price is $106.25 and its 200-day moving average price is $99.48.

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

RB Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Thursday, May 29th were paid 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 Upgrades and Downgrades

Several research firms recently commented on RBA. National Bank Financial cut shares of RB Global from a "strong-buy" rating to a "hold" rating in a research report on Sunday, May 25th. National Bankshares decreased their price objective 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. Royal Bank Of Canada set a $125.00 price target on RB Global and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Robert W. Baird raised their price target on shares of RB Global from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, Wall Street Zen cut RB Global from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $115.79.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. 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 bought a new position in RB Global in the 1st quarter valued at about $26,000. MV Capital Management Inc. lifted its holdings in shares of RB Global by 5,560.0% in the first 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 in the last quarter. SVB Wealth LLC purchased a new position in RB Global during the 1st quarter worth $28,000. Finally, Jones Financial Companies Lllp grew its stake 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 worth $35,000 after acquiring an additional 129 shares in the last quarter. Institutional investors own 95.37% of the company's stock.

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.