RB Global, Inc. (NYSE:RBA) CRO James J. Jeter Sells 600 Shares of Stock

RB Global, Inc. (NYSE:RBA) (TSE:RBA) CRO James J. Jeter sold 600 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $98.63, for a total transaction of $59,178.00. Following the completion of the sale, the executive now directly owns 19,667 shares of the company’s stock, valued at $1,939,756.21. The trade was a 2.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

RB Global Price Performance

Shares of RB Global stock opened at $100.12 on Tuesday. The firm has a market cap of $18.49 billion, a PE ratio of 49.81, a P/E/G ratio of 4.95 and a beta of 0.94. RB Global, Inc. has a twelve month low of $69.83 and a twelve month 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 business has a 50-day moving average price of $95.57 and a 200 day moving average price of $91.03.

RB Global (NYSE:RBA) (TSE:RBA) last announced its earnings results on Tuesday, February 18th. The business services provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.23). RB Global had a return on equity of 8.00% and a net margin of 9.64%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the company earned $0.82 earnings per share. Sell-side analysts predict that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Friday, February 14th. RB Global’s payout ratio is 57.71%.

Institutional Trading of RB Global

Institutional investors and hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its stake 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 worth $441,000 after buying an additional 752 shares in the last quarter. Members Wealth LLC purchased a new stake in shares of RB Global during the fourth quarter worth approximately $2,738,000. Lansforsakringar Fondforvaltning AB publ acquired a new position in RB Global in the 4th quarter valued at $3,590,000. Ascent Group LLC lifted its holdings in RB Global by 2.7% in 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 in the last quarter. Finally, CTC Alternative Strategies Ltd. acquired a new stake in RB Global during the 4th quarter worth $209,000. Hedge funds and other institutional investors own 95.37% of the company’s stock.

Analyst Upgrades and Downgrades

RBA has been the subject of a number of analyst reports. Raymond James upped their target price on RB Global from $110.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Royal Bank of Canada upped their price objective on RB Global from $107.00 to $116.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. BMO Capital Markets lifted their target price on RB Global from $116.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. StockNews.com upgraded shares of RB Global from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. Finally, CIBC reduced their price target on RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a research report on Monday, February 3rd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.64.

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.