RB Global, Inc. (NYSE:RBA) CEO Sells $1,505,569.77 in Stock

RB Global, Inc. (NYSE:RBA) (TSE:RBA) CEO James Francis Kessler sold 17,883 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $84.19, for a total transaction of $1,505,569.77. Following the completion of the sale, the chief executive officer now directly owns 86,247 shares in the company, valued at $7,261,134.93. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

James Francis Kessler also recently made the following trade(s):

• On Monday, September 9th, James Francis Kessler sold 17,883 shares of RB Global stock. The shares were sold at an average price of $83.09, for a total value of $1,485,898.47.

RB Global Stock Down 1.7 %

RB Global stock opened at $80.71 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.29 and a quick ratio of 1.20. The company’s 50-day moving average is $82.02 and its 200-day moving average is $77.89. The firm has a market capitalization of $14.76 billion, a PE ratio of 48.62, a P/E/G ratio of 5.39 and a beta of 0.93. RB Global, Inc. has a fifty-two week low of $58.85 and a fifty-two week high of $87.45.

RB Global (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.13 billion. RB Global had a return on equity of 7.27% and a net margin of 8.67%. The business’s revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 earnings per share. Sell-side analysts anticipate that RB Global, Inc. will post 1.96 earnings per share for the current year.

RB Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were issued a dividend of $0.29 per share. This is an increase from RB Global’s previous quarterly dividend of $0.27. The ex-dividend date was Wednesday, August 28th. This represents a $1.16 annualized dividend and a yield of 1.44%. RB Global’s dividend payout ratio (DPR) is currently 69.88%.

Analyst Ratings Changes

A number of research analysts recently issued reports on RBA shares. BMO Capital Markets initiated coverage on RB Global in a report on Thursday, September 5th. They set an “outperform” rating and a $105.00 price objective for the company. Bank of America lifted their price objective on shares of RB Global from $79.00 to $92.50 and gave the company a “neutral” rating in a report on Monday, August 26th. Robert W. Baird increased their target price on shares of RB Global from $80.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. CIBC assumed coverage on shares of RB Global in a research report on Tuesday, June 18th. They issued a “sector outperform” rating and a $95.00 target price for the company. Finally, Raymond James boosted their price target on shares of RB Global from $95.00 to $98.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $92.19.

Hedge Funds Weigh In On RB Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. YHB Investment Advisors Inc. acquired a new stake in shares of RB Global during the 1st quarter worth about $27,000. Hollencrest Capital Management acquired a new stake in RB Global during the first quarter worth approximately $33,000. Massmutual Trust Co. FSB ADV boosted its holdings in shares of RB Global by 58.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 446 shares of the business services provider’s stock worth $34,000 after acquiring an additional 165 shares during the period. Quarry LP acquired a new position in shares of RB Global in the second quarter valued at approximately $53,000. Finally, Nisa Investment Advisors LLC lifted its holdings in RB Global by 33.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 836 shares of the business services provider’s stock worth $64,000 after purchasing an additional 210 shares during the last quarter. 95.37% of the stock is owned by 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.