RB Global (TSE:RBA) Shares Pass Above 200 Day Moving Average – What’s Next?

RB Global, Inc. (TSE:RBA) (NYSE:RBA) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$109.02 and traded as high as C$130.12. RB Global shares last traded at C$127.62, with a volume of 216,575 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets upgraded RB Global to a “strong-buy” rating in a research note on Thursday, September 5th.

RB Global Stock Up 0.7 %

The company has a debt-to-equity ratio of 80.04, a current ratio of 1.29 and a quick ratio of 1.00. The business has a 50 day simple moving average of C$115.86 and a 200 day simple moving average of C$109.41. The company has a market capitalization of C$24.09 billion, a price-to-earnings ratio of 53.14, a PEG ratio of 2.43 and a beta of 0.93.

RB Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be paid a $0.392 dividend. This is a boost from RB Global’s previous quarterly dividend of $0.37. This represents a $1.57 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Wednesday, November 27th. RB Global’s dividend payout ratio (DPR) is presently 64.23%.

Insider Activity

In related news, Senior Officer James Jeffrey Jeter sold 3,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$85.55, for a total value of C$256,650.00. Insiders own 0.29% of the company’s stock.

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.