RB Global, Inc. (NYSE:RBA) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of RB Global, Inc. (NYSE:RBA - Get Free Report) TSE: RBA have received an average rating of "Moderate Buy" from the six brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $107.64.

RBA has been the subject of several analyst reports. CIBC cut their price objective on shares of RB Global from $109.00 to $108.00 and set an "outperformer" rating for the company in a report on Monday, February 3rd. Royal Bank of Canada raised their price target on RB Global from $107.00 to $116.00 and gave the stock an "outperform" rating in a 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 note on Wednesday, February 19th. Raymond James lifted their target price on RB Global from $110.00 to $118.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Finally, StockNews.com cut RB Global from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th.

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Insider Buying and Selling

In other RB Global news, CEO James Francis Kessler sold 15,700 shares of RB Global stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 107,569 shares of the company's stock, valued at $10,521,323.89. The trade was a 12.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO James J. Jeter sold 7,597 shares of the company'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 completion of 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 23,897 shares of company stock worth $2,338,161. 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. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of RB Global by 0.3% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,729 shares of the business services provider's stock worth $3,674,000 after acquiring an additional 113 shares in the last quarter. CoreCap Advisors LLC grew its holdings 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 valued at $25,000 after purchasing an additional 117 shares during the last quarter. Jones Financial Companies Lllp raised its position in RB Global by 49.4% in 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 during the period. Summit Trail Advisors LLC lifted its stake in RB Global by 4.6% in the fourth quarter. Summit Trail Advisors LLC now owns 3,089 shares of the business services provider's stock worth $279,000 after purchasing an additional 137 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in RB Global by 25.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 706 shares of the business services provider's stock valued at $64,000 after buying an additional 143 shares during the period. Institutional investors own 95.37% of the company's stock.

RB Global Stock Performance

Shares of RBA traded up $2.64 during mid-day trading on Friday, hitting $100.53. The stock had a trading volume of 1,610,070 shares, compared to its average volume of 1,045,831. RB Global has a 52 week low of $69.83 and a 52 week 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 business has a fifty day moving average price of $96.61 and a 200-day moving average price of $91.59. The firm has a market cap of $18.57 billion, a P/E ratio of 50.01, a PEG ratio of 4.95 and a beta of 0.94.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last announced its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.58 earnings per share (EPS) 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 firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. On average, equities research analysts expect that RB Global will post 2.5 EPS for the current year.

RB Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Friday, February 14th. RB Global's payout ratio is 57.71%.

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.