RB Global, Inc. (NYSE:RBA) Director Sells $84,936.00 in Stock

RB Global, Inc. (NYSE:RBA - Get Free Report) TSE: RBA Director Adam Dewitt sold 800 shares of RB Global stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $106.17, for a total transaction of $84,936.00. Following the completion of the sale, the director now directly owns 5,865 shares of the company's stock, valued at approximately $622,687.05. The trade was a 12.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

RB Global Price Performance

Shares of RB Global stock traded down $0.14 during trading on Thursday, hitting $107.41. 674,209 shares of the company's stock traded hands, compared to its average volume of 1,110,598. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17. The firm's fifty day moving average price is $101.79 and its 200 day moving average price is $97.41. RB Global, Inc. has a twelve month low of $70.38 and a twelve month high of $109.25. The company has a market cap of $19.89 billion, a PE ratio of 53.44, a PEG ratio of 4.95 and a beta of 0.78.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last released its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.89 EPS for the quarter, meeting 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 9.64% and a return on equity of 8.00%. 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 business earned $0.90 earnings per share. Analysts forecast that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be given a $0.29 dividend. The ex-dividend date is Thursday, May 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.08%. RB Global's dividend payout ratio (DPR) is presently 57.14%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on RBA shares. Royal Bank of Canada boosted their price objective on shares of RB Global from $107.00 to $116.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Raymond James boosted their price objective on shares of RB Global from $118.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. BMO Capital Markets boosted their price objective on shares of RB Global from $116.00 to $120.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. National Bankshares dropped 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. Finally, CIBC boosted their price objective on shares of RB Global from $116.00 to $118.00 and gave the stock an "outperformer" rating in a report on Friday, May 9th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $114.50.

Hedge Funds Weigh In On RB Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. SouthState Corp acquired a new position in shares of RB Global during the first quarter worth approximately $26,000. CoreCap Advisors LLC lifted its position in shares of RB Global by 74.5% during the fourth quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider's stock worth $25,000 after purchasing an additional 117 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of RB Global during the first quarter worth approximately $28,000. MV Capital Management Inc. lifted its position in shares of RB Global by 5,560.0% during the first quarter. MV Capital Management Inc. now owns 283 shares of the business services provider's stock worth $28,000 after purchasing an additional 278 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in shares of RB Global by 348.8% during the first quarter. IFP Advisors Inc now owns 359 shares of the business services provider's stock worth $36,000 after purchasing an additional 279 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

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.