James J. Jeter Sells 7,597 Shares of RB Global, Inc. (NYSE:RBA) Stock

RB Global, Inc. (NYSE:RBA) (TSE:RBA) CRO James J. Jeter sold 7,597 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $97.85, for a total value of $743,366.45. Following the completion of the transaction, the executive now directly owns 20,267 shares of the company’s stock, valued at $1,983,125.95. The trade was a 27.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

RB Global Trading Up 2.0 %

Shares of NYSE RBA traded up $1.96 during midday trading on Wednesday, reaching $99.22. The company had a trading volume of 850,765 shares, compared to its average volume of 1,107,533. RB Global, Inc. has a one year low of $69.83 and a one year high of $106.90. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.50. The firm’s fifty day moving average price is $94.80 and its 200-day moving average price is $90.61. The stock has a market cap of $18.33 billion, a PE ratio of 49.36, a price-to-earnings-growth ratio of 4.95 and a beta of 0.94.

RB Global (NYSE:RBA) (TSE:RBA) last released its earnings results on Tuesday, February 18th. The business services provider reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.23). RB Global had a net margin of 9.64% and a return on equity of 8.00%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the firm posted $0.82 EPS. On average, equities research analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Friday, February 14th. RB Global’s dividend payout ratio (DPR) is presently 57.71%.

Institutional Investors Weigh In On RB Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its holdings in RB Global by 18.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,883 shares of the business services provider’s stock valued at $441,000 after purchasing an additional 752 shares during the period. Members Wealth LLC purchased a new position in RB Global during the 4th quarter valued at about $2,738,000. Lansforsakringar Fondforvaltning AB publ purchased a new position in RB Global during the 4th quarter valued at about $3,590,000. Ascent Group LLC increased its holdings in RB Global by 2.7% during the 4th quarter. Ascent Group LLC now owns 11,285 shares of the business services provider’s stock valued at $1,018,000 after purchasing an additional 295 shares during the period. Finally, CTC Alternative Strategies Ltd. purchased a new position in RB Global during the 4th quarter valued at about $209,000. Institutional investors own 95.37% of the company’s stock.

Analyst Ratings Changes

RBA has been the subject of a number of analyst reports. Royal Bank of Canada raised their price target on RB Global from $107.00 to $116.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Raymond James raised their price target on RB Global from $110.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. BMO Capital Markets raised their price target on RB Global from $116.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. CIBC cut their price target on RB Global from $109.00 to $108.00 and set an “outperformer” rating for the company in a report on Monday, February 3rd. Finally, Robert W. Baird raised their price target on RB Global from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, RB Global currently has an average rating of “Moderate Buy” and an average target price of $107.64.

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.