RB Global, Inc. (NYSE:RBA) Given Average Rating of “Moderate Buy” by Brokerages

RB Global, Inc. (NYSE:RBA) (TSE:RBA) has received an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $66.25.

Several brokerages have recently weighed in on RBA. StockNews.com downgraded RB Global from a “hold” rating to a “sell” rating in a report on Monday, September 11th. Raymond James upgraded RB Global from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $60.00 to $75.00 in a report on Thursday, July 20th. Royal Bank of Canada increased their price objective on RB Global from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 8th. Finally, National Bank Financial increased their price objective on RB Global from $61.00 to $70.00 in a research note on Monday, July 10th.

RB Global Trading Up 0.1 %

Shares of RBA stock opened at $65.18 on Monday. RB Global has a 1 year low of $48.72 and a 1 year high of $66.99. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.32 and a quick ratio of 1.19. The stock’s 50 day simple moving average is $61.46 and its two-hundred day simple moving average is $58.18. The company has a market cap of $11.87 billion, a PE ratio of 70.85, a price-to-earnings-growth ratio of 14.20 and a beta of 0.93.

RB Global (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.17). RB Global had a net margin of 5.94% and a return on equity of 4.77%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Research analysts predict that RB Global will post 0.65 earnings per share for the current year.

RB Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd were paid a dividend of $0.27 per share. The ex-dividend date was Tuesday, August 22nd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.66%. RB Global’s payout ratio is currently 117.39%.

Insider Buying and Selling at RB Global

In other news, insider Megan Anne Cash sold 13,596 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $61.78, for a total transaction of $839,960.88. Following the sale, the insider now directly owns 15,330 shares in the company, valued at approximately $947,087.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Baron Concors sold 6,800 shares of RB Global stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $65.11, for a total value of $442,748.00. Following the sale, the insider now directly owns 15,658 shares in the company, valued at approximately $1,019,492.38. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Megan Anne Cash sold 13,596 shares of RB Global stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $61.78, for a total value of $839,960.88. Following the completion of the sale, the insider now owns 15,330 shares in the company, valued at $947,087.40. The disclosure for this sale can be found here. In the last quarter, insiders purchased 6,911 shares of company stock worth $412,150. Insiders own 4.32% of the company’s stock.

Institutional Investors Weigh In On RB Global

Several institutional investors have recently bought and sold shares of RBA. Cornerstone Planning Group LLC acquired a new stake in RB Global in the 2nd quarter worth about $45,000. Massmutual Trust Co. FSB ADV boosted its holdings in shares of RB Global by 380.5% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 812 shares of the business services provider’s stock worth $46,000 after purchasing an additional 643 shares during the last quarter. Belpointe Asset Management LLC boosted its holdings in shares of RB Global by 134.7% during the 1st quarter. Belpointe Asset Management LLC now owns 913 shares of the business services provider’s stock worth $51,000 after purchasing an additional 524 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of RB Global during the 1st quarter worth approximately $57,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in shares of RB Global during the 1st quarter worth approximately $57,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

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; Xcira that provides live simulcast auction technologies; and Veritread, an online marketplace for heavy haul transport solution.