RB Global (NYSE:RBA) Director Deborah Stein Buys 500 Shares

by · The Markets Daily

RB Global, Inc. (NYSE:RBA – Get Free Report) (TSE:RBA) Director Deborah Stein acquired 500 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was acquired at an average cost of $80.91 per share, with a total value of $40,455.00. Following the completion of the purchase, the director directly owned 2,325 shares in the company, valued at approximately $188,115.75. This represents a 27.40% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

RB Global Trading Down 1.0%

Shares of NYSE:RBA traded down $0.81 during trading on Thursday, hitting $80.52. The company had a trading volume of 2,003,822 shares, compared to its average volume of 1,821,218. The stock has a market cap of $14.91 billion, a price-to-earnings ratio of 34.56, a price-to-earnings-growth ratio of 1.39 and a beta of 0.52. RB Global, Inc. has a one year low of $79.75 and a one year high of $119.58. The company has a fifty day simple moving average of $97.85 and a two-hundred day simple moving average of $101.59. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.31 and a quick ratio of 1.22.

RB Global (NYSE:RBA – Get Free Report) (TSE:RBA) last posted its quarterly earnings data on Tuesday, August 4th. The business services provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.04. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.21 billion. RB Global had a net margin of 9.99% and a return on equity of 12.37%. As a group, equities analysts forecast that RB Global, Inc. will post 4.06 earnings per share for the current year.

RB Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Tuesday, August 25th will be paid a dividend of $0.33 per share. This is an increase from RB Global’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, August 25th. RB Global’s payout ratio is 56.65%.

Analyst Upgrades and Downgrades

RBA has been the topic of a number of recent research reports. Royal Bank Of Canada raised their price objective on RB Global from $150.00 to $152.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Weiss Ratings cut RB Global from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Zacks Research lowered shares of RB Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. Barclays cut their price objective on RB Global from $124.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Finally, Wall Street Zen lowered RB Global from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.00.

Check Out Our Latest Research Report on RBA

Hedge Funds Weigh In On RB Global

A number of institutional investors and hedge funds have recently bought and sold shares of RBA. Personal CFO Solutions LLC lifted its stake in RB Global by 0.9% in the 1st quarter. Personal CFO Solutions LLC now owns 11,192 shares of the business services provider’s stock worth $1,073,000 after purchasing an additional 96 shares in the last quarter. Covestor Ltd grew its position in shares of RB Global by 11.6% in the fourth quarter. Covestor Ltd now owns 933 shares of the business services provider’s stock valued at $96,000 after purchasing an additional 97 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of RB Global by 21.9% in the first quarter. Geneos Wealth Management Inc. now owns 540 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 97 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of RB Global by 5.4% in the third quarter. Coldstream Capital Management Inc. now owns 2,044 shares of the business services provider’s stock valued at $221,000 after purchasing an additional 105 shares during the last quarter. Finally, California State Teachers Retirement System lifted its position in RB Global by 1.1% during the second quarter. California State Teachers Retirement System now owns 11,693 shares of the business services provider’s stock worth $1,242,000 after buying an additional 124 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

RB Global Company Profile

(Get Free Report)

RB Global, Inc (NYSE: RBA) operates a global marketplace for the sale and management of used equipment, vehicles and other commercial assets. The company serves construction, transportation, agriculture, energy, government and other industrial sectors, helping businesses buy, sell, manage and value assets through digital and physical channels.

Its services include unreserved live and online auctions, timed auctions, private sales, equipment listings, inspections, valuations, financing and asset-management solutions.

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