Shares of RB Global, Inc. (NYSE:RBA - Get Free Report) TSE: RBA have received a consensus recommendation of "Moderate Buy" from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $115.79.
RBA has been the subject of several research analyst reports. Robert W. Baird boosted their target price 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. Raymond James Financial boosted their target price 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. Royal Bank Of Canada set a $125.00 target price on shares of RB Global and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. CIBC boosted their target price on shares of RB Global from $116.00 to $118.00 and gave the stock an "outperformer" rating in a research report on Friday, May 9th. Finally, National Bankshares dropped their target price on shares of RB Global from $118.00 to $115.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th.
View Our Latest Research Report on RB Global
RB Global Stock Up 1.0%
Shares of NYSE:RBA traded up $1.06 during midday trading on Friday, hitting $105.76. 592,440 shares of the company's stock traded hands, compared to its average volume of 956,469. 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 company has a market cap of $19.59 billion, a PE ratio of 52.10, a P/E/G ratio of 3.73 and a beta of 0.77. The firm's fifty day moving average price is $105.46 and its two-hundred day moving average price is $98.74. RB Global has a twelve month low of $70.38 and a twelve month high of $109.25.
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 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.89. RB Global had a net margin of 9.68% and a return on equity of 8.03%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the firm posted $0.90 EPS. The firm's quarterly revenue was up 4.1% on a year-over-year basis. On average, equities research analysts anticipate that RB Global will post 2.5 EPS for the current fiscal year.
RB Global Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Thursday, May 29th were given a $0.29 dividend. The ex-dividend date was Thursday, May 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.10%. RB Global's payout ratio is 57.14%.
Insider Activity at RB Global
In other RB Global news, Director Adam Dewitt sold 800 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $106.17, for a total value of $84,936.00. Following the completion of the sale, the director owned 5,865 shares in the company, valued at $622,687.05. This represents a 12.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Darren Jeffrey Watt sold 3,700 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $106.17, for a total transaction of $392,829.00. Following the transaction, the insider owned 24,874 shares in the company, valued at approximately $2,640,872.58. This trade represents a 12.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,075 shares of company stock worth $2,007,349 in the last quarter. 4.32% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of RBA. CoreCap Advisors LLC grew its position in 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 purchasing an additional 117 shares during the last quarter. SouthState Corp acquired a new stake in RB Global in the 1st quarter worth $26,000. MV Capital Management Inc. grew its position in RB Global by 5,560.0% in the 1st 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 during the last quarter. SVB Wealth LLC acquired a new stake in RB Global in the 1st quarter worth $28,000. Finally, Jones Financial Companies Lllp grew its position in 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 purchasing an additional 129 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.
RB Global Company Profile
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Get Free ReportRB 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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