Insider Selling: RB Global, Inc. (NYSE:RBA) CRO Sells $1,056,020.00 in Stock

RB Global, Inc. (NYSE:RBA) (TSE:RBA) CRO James J. Jeter sold 14,000 shares of RB Global stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $75.43, for a total transaction of $1,056,020.00. Following the completion of the sale, the executive now directly owns 28,267 shares in the company, valued at approximately $2,132,179.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

RB Global Stock Performance

Shares of NYSE RBA opened at $76.17 on Friday. The stock’s 50-day moving average is $74.47 and its 200 day moving average is $69.35. The stock has a market cap of $13.93 billion, a price-to-earnings ratio of 45.89, a P/E/G ratio of 3.70 and a beta of 0.88. RB Global, Inc. has a 1-year low of $51.41 and a 1-year high of $80.67. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.58.

RB Global (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings data on Friday, February 23rd. The business services provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.14. RB Global had a net margin of 8.08% and a return on equity of 6.87%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the business posted $0.40 EPS. The business’s quarterly revenue was up 134.5% on a year-over-year basis. On average, sell-side analysts anticipate that RB Global, Inc. will post 1.9 EPS for the current fiscal year.

RB Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Wednesday, May 29th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Wednesday, May 29th. RB Global’s dividend payout ratio is presently 65.06%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Raymond James upped their price target on RB Global from $78.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. Royal Bank of Canada increased their price objective on RB Global from $75.00 to $93.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. StockNews.com upgraded shares of RB Global from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Finally, Scotiabank increased their price target on shares of RB Global from $88.00 to $89.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 24th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $83.00.

Institutional Trading of RB Global

Institutional investors have recently added to or reduced their stakes in the business. Mariner LLC boosted its holdings in RB Global by 3.6% during the 3rd quarter. Mariner LLC now owns 27,567 shares of the business services provider’s stock valued at $1,723,000 after acquiring an additional 946 shares during the period. Triasima Portfolio Management inc. grew its holdings in shares of RB Global by 1,152.4% in the fourth quarter. Triasima Portfolio Management inc. now owns 193,118 shares of the business services provider’s stock worth $12,947,000 after purchasing an additional 177,698 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of RB Global by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,030,810 shares of the business services provider’s stock worth $68,951,000 after buying an additional 24,684 shares during the period. Vontobel Holding Ltd. raised its holdings in RB Global by 487.6% during the 4th quarter. Vontobel Holding Ltd. now owns 158,329 shares of the business services provider’s stock valued at $10,591,000 after buying an additional 131,383 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in RB Global by 10.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,320,114 shares of the business services provider’s stock valued at $645,007,000 after buying an additional 977,171 shares during the last quarter. 95.37% of the stock is currently 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.