RB Global (NYSE:RBA) Posts Earnings Results

Key Points

• RB Global reported quarterly EPS of $0.95, missing analysts' consensus by $0.02; the company posted a return on equity of 11.12% and a net margin of 9.33%.
• Shares traded up to $105.06 after the report; the stock carries a market cap of $19.53 billion and a P/E of 51.5, with a 1‑year range of $93.58–$119.58.
• Analysts are broadly positive—MarketBeat shows a "Moderate Buy" consensus and a $125.13 target—while director Deborah Stein bought 400 shares (a 40% increase) and institutions own about 95.37% of the stock.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA announced its quarterly earnings results on Monday. The business services provider reported $0.95 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.02), Zacks reports. RB Global had a return on equity of 11.12% and a net margin of 9.33%.

RB Global Stock Performance

Shares of NYSE RBA traded up $0.18 during trading hours on Monday, hitting $105.06. 1,404,434 shares of the company's stock were exchanged, compared to its average volume of 1,393,160. RB Global has a 1-year low of $93.58 and a 1-year high of $119.58. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.10 and a quick ratio of 1.02. The stock has a market capitalization of $19.53 billion, a price-to-earnings ratio of 51.50, a PEG ratio of 1.59 and a beta of 0.57. The company's 50-day moving average price is $100.81 and its 200-day moving average price is $103.41.

Insider Activity at RB Global

In related news, Director Deborah Stein acquired 400 shares of the business's stock in a transaction dated Wednesday, March 18th. The stock was acquired at an average price of $98.74 per share, with a total value of $39,496.00. Following the completion of the transaction, the director owned 1,400 shares of the company's stock, valued at approximately $138,236. This represents a 40.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.57% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. lifted its position in shares of RB Global by 21.9% in 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 period. Coldstream Capital Management Inc. lifted its position in shares of RB Global by 5.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,044 shares of the business services provider's stock worth $221,000 after acquiring an additional 105 shares during the period. California State Teachers Retirement System lifted its position in shares of RB Global by 1.1% in the 2nd quarter. California State Teachers Retirement System now owns 11,693 shares of the business services provider's stock worth $1,242,000 after acquiring an additional 124 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of RB Global by 5.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,330 shares of the business services provider's stock worth $244,000 after acquiring an additional 128 shares during the period. Finally, UMB Bank n.a. lifted its position in shares of RB Global by 5.5% in the 4th quarter. UMB Bank n.a. now owns 2,551 shares of the business services provider's stock worth $262,000 after acquiring an additional 133 shares during the period. Institutional investors and hedge funds own 95.37% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on RBA. Royal Bank Of Canada boosted their price target on RB Global from $137.00 to $146.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 18th. Weiss Ratings raised RB Global from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, February 26th. Stephens started coverage on RB Global in a research report on Friday, April 17th. They set an "equal weight" rating and a $96.00 price objective for the company. BMO Capital Markets boosted their price objective on RB Global from $135.00 to $140.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 18th. Finally, Raymond James Financial boosted their price objective on RB Global from $135.00 to $145.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 20th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, RB Global has a consensus rating of "Moderate Buy" and a consensus price target of $125.13.

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.

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