Insider Selling: RB Global, Inc. (NYSE:RBA) CRO Sells 600 Shares of Stock

RB Global, Inc. (NYSE:RBA - Get Free Report) TSE: RBA CRO James J. Jeter sold 600 shares of the firm's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $98.63, for a total transaction of $59,178.00. Following the transaction, the executive now owns 19,667 shares of the company's stock, valued at $1,939,756.21. This trade represents a 2.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

RB Global Trading Down 2.4 %

Shares of RB Global stock traded down $2.39 during trading hours on Friday, reaching $97.90. The stock had a trading volume of 512,211 shares, compared to its average volume of 1,043,643. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. RB Global, Inc. has a 1 year low of $69.83 and a 1 year high of $106.90. The firm has a market capitalization of $18.09 billion, a price-to-earnings ratio of 48.70, a P/E/G ratio of 4.95 and a beta of 0.94. The firm has a 50 day simple moving average of $96.21 and a two-hundred day simple moving average of $91.28.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last announced its quarterly 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 business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the firm earned $0.82 earnings per share. As a group, equities research analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current year.

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RB Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 1.18%. RB Global's dividend payout ratio is currently 57.71%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. CoreCap Advisors LLC grew its stake in shares of RB Global by 74.5% in the fourth quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider's stock valued at $25,000 after buying an additional 117 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in RB Global in the 4th quarter worth approximately $27,000. Versant Capital Management Inc grew its position in RB Global by 136.4% in the fourth quarter. Versant Capital Management Inc now owns 305 shares of the business services provider's stock valued at $28,000 after acquiring an additional 176 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of RB Global by 49.4% during the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock valued at $35,000 after purchasing an additional 129 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in shares of RB Global during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 95.37% of the company's stock.

Analyst Upgrades and Downgrades

RBA has been the subject of a number of recent research reports. StockNews.com cut shares of RB Global from a "buy" rating to a "hold" rating in a research note on Wednesday. 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 research note on Wednesday, February 19th. CIBC dropped their price objective on shares of RB Global from $109.00 to $108.00 and set an "outperformer" rating for the company in a research note on Monday, February 3rd. BMO Capital Markets increased their price objective on shares of RB Global from $116.00 to $120.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Finally, Raymond James raised their target price on shares of RB Global from $110.00 to $118.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.