RB Global (TSE:RBA) Reaches New 12-Month High - Still a Buy?

RB Global, Inc. (TSE:RBA - Get Free Report) NYSE: RBA's stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$120.56 and last traded at C$120.04, with a volume of 75689 shares. The stock had previously closed at C$119.55.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets raised shares of RB Global to a "strong-buy" rating in a report on Thursday, September 5th.

RB Global Trading Up 0.9 %

The company has a debt-to-equity ratio of 80.04, a current ratio of 1.29 and a quick ratio of 1.00. The stock's 50-day moving average is C$113.40 and its two-hundred day moving average is C$107.41. The stock has a market cap of C$22.22 billion, a P/E ratio of 48.41, a price-to-earnings-growth ratio of 2.43 and a beta of 0.93.

RB Global (TSE:RBA - Get Free Report) NYSE: RBA last released its quarterly earnings results on Tuesday, August 6th. The company reported C$0.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.82 by C($0.08). RB Global had a net margin of 8.68% and a return on equity of 6.61%. The business had revenue of C$1.50 billion for the quarter, compared to analysts' expectations of C$1.54 billion. Equities research analysts anticipate that RB Global, Inc. will post 5.0577819 EPS for the current year.

RB Global Increases Dividend

The firm also recently announced a 1 dividend, which was paid on Wednesday, August 28th. Shareholders of record on Friday, January 1st were given a dividend of $1.602 per share. This is an increase from RB Global's previous 1 dividend of $1.49. The ex-dividend date was Wednesday, September 18th. RB Global's dividend payout ratio (DPR) is 64.23%.

Insider Transactions at RB Global

In other RB Global news, Senior Officer James Jeffrey Jeter sold 3,000 shares of the firm's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$85.55, for a total value of C$256,650.00. Corporate insiders own 0.29% of the company's stock.

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.