Insider Selling: RB Global, Inc. (NYSE:RBA) CRO Sells 7,597 Shares of Stock

RB Global, Inc. (NYSE:RBA - Get Free Report) TSE: RBA CRO James J. Jeter sold 7,597 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $97.85, for a total value of $743,366.45. Following the transaction, the executive now 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 SEC, which is available at the SEC website.

RB Global Stock Up 0.3 %

NYSE:RBA traded up $0.27 during trading hours on Friday, reaching $99.14. 2,341,044 shares of the stock were exchanged, compared to its average volume of 1,020,636. RB Global, Inc. has a twelve month low of $69.83 and a twelve month high of $106.90. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17. The firm has a 50 day moving average of $95.35 and a 200 day moving average of $90.87. The stock has a market cap of $18.32 billion, a PE ratio of 49.33, a PEG ratio of 4.95 and a beta of 0.94.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last released 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 return on equity of 8.00% and a net margin of 9.64%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the company earned $0.82 EPS. On average, equities analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, February 14th. RB Global's dividend payout ratio is currently 57.71%.

Institutional Investors Weigh In On RB Global

Institutional investors and hedge funds have recently made changes to their positions in the stock. CoreCap Advisors LLC raised its stake in shares of RB Global by 74.5% during the 4th quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider's stock worth $25,000 after purchasing an additional 117 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of RB Global during the 4th quarter worth approximately $27,000. Versant Capital Management Inc raised its stake in shares of RB Global by 136.4% during the 4th quarter. Versant Capital Management Inc now owns 305 shares of the business services provider's stock worth $28,000 after purchasing 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 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock worth $35,000 after purchasing an additional 129 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of RB Global during the 4th quarter worth approximately $36,000. Institutional investors own 95.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Royal Bank of Canada boosted their target price on RB Global from $107.00 to $116.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. CIBC decreased their price objective on RB Global from $109.00 to $108.00 and set an "outperformer" rating for the company in a research report on Monday, February 3rd. Robert W. Baird boosted their price objective on RB Global from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. BMO Capital Markets boosted their price objective on RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Finally, StockNews.com upgraded RB Global from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, RB Global presently has an average rating of "Moderate Buy" and a consensus price target 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.