RB Global (TSE:RBA) Hits New 12-Month High – Still a Buy?

RB Global, Inc. (TSE:RBA) (NYSE:RBA)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$133.41 and last traded at C$133.29, with a volume of 76247 shares trading hands. The stock had previously closed at C$131.07.

Analyst Upgrades and Downgrades

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

RB Global Stock Up 1.6 %

The stock’s fifty day moving average is C$117.31 and its two-hundred day moving average is C$110.26. The firm has a market cap of C$24.54 billion, a P/E ratio of 53.28, a price-to-earnings-growth ratio of 2.43 and a beta of 0.93. The company has a current ratio of 1.29, a quick ratio of 1.00 and a debt-to-equity ratio of 80.04.

RB Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a $0.392 dividend. This is a boost from RB Global’s previous quarterly dividend of $0.37. This represents a $1.57 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Wednesday, November 27th. RB Global’s dividend payout ratio is presently 64.23%.

Insider Transactions at RB Global

In other 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. 0.29% of the stock is currently owned by company insiders.

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.