RB Global, Inc. (NYSE:RBA) Insider Sells $392,829.00 in Stock

RB Global, Inc. (NYSE:RBA - Get Free Report) TSE: RBA insider Darren Jeffrey Watt sold 3,700 shares of the company's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $106.17, for a total value of $392,829.00. Following the completion of the sale, the insider now owns 24,874 shares of the company's stock, valued at approximately $2,640,872.58. The trade was a 12.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

RB Global Trading Down 0.9%

Shares of NYSE:RBA traded down $0.94 during trading on Friday, hitting $106.39. The company had a trading volume of 817,155 shares, compared to its average volume of 1,101,168. The stock has a market cap of $19.70 billion, a price-to-earnings ratio of 52.93, a price-to-earnings-growth ratio of 4.95 and a beta of 0.78. RB Global, Inc. has a one year low of $70.38 and a one year high of $109.25. The company has a fifty day simple moving average of $102.47 and a two-hundred day simple moving average of $97.53. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last posted its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.89. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. RB Global had a return on equity of 8.00% and a net margin of 9.64%. The company's revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the company earned $0.90 EPS. As a group, equities analysts forecast that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Thursday, May 29th. RB Global's payout ratio is 57.14%.

Institutional Investors Weigh In On RB Global

Several institutional investors have recently modified their holdings of the stock. Strs Ohio bought a new stake in shares of RB Global in the 1st quarter valued at approximately $1,849,000. Geneos Wealth Management Inc. lifted its stake in shares of RB Global by 21.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 540 shares of the business services provider's stock worth $54,000 after acquiring an additional 97 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of RB Global by 77.0% during the 1st quarter. Intech Investment Management LLC now owns 77,800 shares of the business services provider's stock worth $7,807,000 after acquiring an additional 33,845 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of RB Global by 1,469.4% during the 1st quarter. Jane Street Group LLC now owns 365,071 shares of the business services provider's stock worth $36,617,000 after acquiring an additional 341,809 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of RB Global by 2.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 451,101 shares of the business services provider's stock worth $45,245,000 after acquiring an additional 12,000 shares during the last quarter. 95.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

RBA has been the subject of several research analyst reports. Raymond James increased 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. Wall Street Zen cut RB Global from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. BMO Capital Markets increased their target price on RB Global from $116.00 to $120.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. National Bank Financial cut RB Global from a "strong-buy" rating to a "hold" rating in a research report on Sunday, May 25th. Finally, CIBC increased their target price on RB Global from $116.00 to $118.00 and gave the stock an "outperformer" rating in a research report on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.50.

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.