Deborah Stein Buys 500 Shares of RB Global (NYSE:RBA) Stock

RB Global, Inc. (NYSE:RBA) (TSE:RBA) Director Deborah Stein acquired 500 shares of RB Global stock in a transaction that occurred on Wednesday, September 9th. The shares were purchased at an average price of $80.91 per share, with a total value of $40,455.00. Following the transaction, the director owned 2,325 shares of the company’s stock, valued at $188,115.75. The trade was a 27.40% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

RB Global Stock Up 3.8%

RBA stock opened at $83.58 on Friday. The company has a market cap of $15.48 billion, a price-to-earnings ratio of 35.87, a P/E/G ratio of 1.38 and a beta of 0.52. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.22 and a current ratio of 1.31. The business’s 50-day moving average is $97.27 and its two-hundred day moving average is $101.46. RB Global, Inc. has a fifty-two week low of $79.75 and a fifty-two week high of $119.58.

RB Global (NYSE:RBA) (TSE:RBA) last released its quarterly earnings results on Tuesday, August 4th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.04. RB Global had a return on equity of 12.37% and a net margin of 9.99%.The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.21 billion. As a group, analysts forecast that RB Global, Inc. will post 4.06 earnings per share for the current year.

RB Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Tuesday, August 25th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.6%. This is a positive change from RB Global’s previous quarterly dividend of $0.31. The ex-dividend date is Tuesday, August 25th. RB Global’s dividend payout ratio (DPR) is presently 56.65%.

Wall Street Analysts Forecast Growth

RBA has been the subject of a number of recent research reports. Raymond James Financial raised shares of RB Global from an “outperform” rating to a “strong-buy” rating and set a $145.00 price objective for the company in a research report on Tuesday, June 30th. Wall Street Zen downgraded RB Global from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of RB Global in a report on Wednesday, August 5th. National Bank Financial upped their price target on RB Global from $132.00 to $133.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings downgraded RB Global from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $128.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RBA. Addison Advisors LLC purchased a new stake in RB Global during the 2nd quarter valued at approximately $26,000. MV Capital Management Inc. purchased a new position in shares of RB Global in the fourth quarter worth $29,000. J.Safra Asset Management Corp bought a new position in shares of RB Global during the second quarter worth $32,000. Bayban bought a new position in shares of RB Global during the fourth quarter worth $34,000. Finally, Integrated Wealth Concepts LLC purchased a new position in RB Global during the second quarter valued at $35,000. 95.37% of the stock is owned by hedge funds and other institutional investors.

RB Global Company Profile

RB Global, Inc (NYSE: RBA) operates a global marketplace for the sale and management of used equipment, vehicles and other commercial assets. The company serves construction, transportation, agriculture, energy, government and other industrial sectors, helping businesses buy, sell, manage and value assets through digital and physical channels.

Its services include unreserved live and online auctions, timed auctions, private sales, equipment listings, inspections, valuations, financing and asset-management solutions.