RB Global, Inc. (NYSE:RBA) CEO James Francis Kessler Sells 15,700 Shares

RB Global, Inc. (NYSE:RBA - Get Free Report) TSE: RBA CEO James Francis Kessler sold 15,700 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $97.81, for a total transaction of $1,535,617.00. Following the sale, the chief executive officer now owns 107,569 shares in the company, valued at approximately $10,521,323.89. This trade represents a 12.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

RB Global Stock Up 0.3 %

Shares of NYSE RBA traded up $0.27 during mid-day trading on Friday, reaching $99.14. The company had a trading volume of 2,341,044 shares, compared to its average volume of 1,020,636. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The firm has a 50 day simple moving average of $95.35 and a two-hundred day simple moving average of $90.87. The stock has a market cap of $18.32 billion, a P/E ratio of 49.33, a PEG ratio of 4.95 and a beta of 0.94. RB Global, Inc. has a 52-week low of $69.83 and a 52-week high of $106.90.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last issued its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.58 earnings per share (EPS) 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 analysts' expectations of $1.06 billion. During the same period in the previous year, the business posted $0.82 earnings per share. Sell-side analysts predict that RB Global, Inc. will post 2.5 earnings per share for the current year.

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RB Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.17%. The ex-dividend date was Friday, February 14th. RB Global's payout ratio is currently 57.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. BMO Capital Markets increased their price objective on shares of RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Robert W. Baird increased their price objective on shares of RB Global from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Royal Bank of Canada increased their price objective on shares of RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a research report 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 on the stock in a research report on Monday, February 3rd. Finally, StockNews.com raised shares of RB Global from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $107.64.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RBA. Vanguard Group Inc. boosted its holdings in shares of RB Global by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 24,916,629 shares of the business services provider's stock valued at $2,248,060,000 after acquiring an additional 358,752 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of RB Global by 9.8% in the fourth quarter. Vontobel Holding Ltd. now owns 8,451,146 shares of the business services provider's stock valued at $762,378,000 after acquiring an additional 753,700 shares in the last quarter. State Street Corp boosted its holdings in shares of RB Global by 2.1% in the third quarter. State Street Corp now owns 5,045,188 shares of the business services provider's stock valued at $406,087,000 after acquiring an additional 103,080 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of RB Global by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 3,967,159 shares of the business services provider's stock valued at $357,434,000 after acquiring an additional 264,778 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of RB Global by 0.6% in the fourth quarter. Janus Henderson Group PLC now owns 3,403,086 shares of the business services provider's stock valued at $307,033,000 after acquiring an additional 19,895 shares in the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

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.