National Bankshares Issues Pessimistic Forecast for RB Global (NYSE:RBA) Stock Price

RB Global (NYSE:RBA - Free Report) TSE: RBA had its price target trimmed by National Bankshares from $118.00 to $115.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the business services provider's stock.

RBA has been the subject of several other research reports. StockNews.com cut RB Global from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Royal Bank of Canada raised their price objective on RB Global from $107.00 to $116.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. CIBC reduced their target price on RB Global from $109.00 to $108.00 and set an "outperformer" rating for the company in a report on Monday, February 3rd. Robert W. Baird lifted their price target on RB Global from $105.00 to $110.00 and gave the stock an "outperform" rating in a research 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 six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $108.56.

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RB Global Trading Up 0.7 %

NYSE:RBA traded up $0.72 during trading hours on Wednesday, reaching $97.84. 1,035,787 shares of the stock were exchanged, compared to its average volume of 1,073,187. RB Global 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 of $97.69 and a two-hundred day moving average of $92.38. The company has a market capitalization of $18.08 billion, a price-to-earnings ratio of 48.68, a PEG ratio of 4.95 and a beta of 0.90.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last posted its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.58 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.06 billion. During the same period in the previous year, the business posted $0.82 EPS. On average, equities analysts predict that RB Global will post 2.5 EPS for the current year.

RB Global Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Friday, February 14th. RB Global's dividend payout ratio (DPR) is presently 57.71%.

Insider Buying and Selling

In other news, CEO James Francis Kessler sold 15,700 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $97.81, for a total value of $1,535,617.00. Following the sale, the chief executive officer now directly owns 107,569 shares in the company, valued at $10,521,323.89. This represents a 12.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO James J. Jeter sold 7,597 shares of RB Global 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 sale, the executive now owns 20,267 shares of the company's stock, valued at approximately $1,983,125.95. This represents a 27.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,897 shares of company stock worth $2,338,161 in the last three months. Corporate insiders own 4.32% of the company's stock.

Institutional Trading of RB Global

A number of hedge funds have recently bought and sold shares of RBA. Natixis Advisors LLC lifted its stake in shares of RB Global by 69.5% during the 4th quarter. Natixis Advisors LLC now owns 18,877 shares of the business services provider's stock worth $1,703,000 after purchasing an additional 7,737 shares during the period. Mawer Investment Management Ltd. increased its stake in RB Global by 15.7% in the fourth quarter. Mawer Investment Management Ltd. now owns 120,564 shares of the business services provider's stock valued at $10,876,000 after purchasing an additional 16,397 shares during the last quarter. Vanguard Group Inc. lifted its position in RB Global by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 24,916,629 shares of the business services provider's stock worth $2,248,060,000 after buying an additional 358,752 shares during the period. Central Pacific Bank Trust Division acquired a new stake in RB Global in the 4th quarter worth about $27,000. Finally, Diversified Trust Co grew its holdings in RB Global by 48.9% in the 4th quarter. Diversified Trust Co now owns 63,119 shares of the business services provider's stock valued at $5,694,000 after buying an additional 20,724 shares during the period. Institutional investors and hedge funds own 95.37% of the company's stock.

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.