James Francis Kessler Sells 20,742 Shares of RB Global (NYSE:RBA) Stock

RB Global, Inc. (NYSE:RBA) (TSE:RBA) CEO James Francis Kessler sold 20,742 shares of the business’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $115.00, for a total transaction of $2,385,330.00. Following the completion of the sale, the chief executive officer directly owned 107,569 shares of the company’s stock, valued at $12,370,435. The trade was a 16.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

RB Global Stock Performance

Shares of RBA stock opened at $115.57 on Friday. The stock has a market capitalization of $21.48 billion, a price-to-earnings ratio of 55.30, a PEG ratio of 2.18 and a beta of 0.57. RB Global, Inc. has a one year low of $86.68 and a one year high of $119.58. The company’s 50-day simple moving average is $104.16 and its 200-day simple moving average is $107.26. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.15 and a current ratio of 1.23.

RB Global (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings data on Thursday, November 6th. The business services provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.10. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.05 billion. RB Global had a return on equity of 9.66% and a net margin of 9.65%.RB Global’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Equities analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 9th will be paid a dividend of $0.31 per share. The ex-dividend date is Monday, February 9th. This represents a $1.24 annualized dividend and a yield of 1.1%. RB Global’s dividend payout ratio (DPR) is 59.33%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Raymond James Financial raised their price target on shares of RB Global from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday. Royal Bank Of Canada increased their price objective on shares of RB Global from $132.00 to $133.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Weiss Ratings downgraded RB Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. National Bankshares dropped their price target on RB Global from $113.00 to $111.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 9th. Finally, National Bank Financial raised RB Global from a “sector perform” rating to an “outperform” rating and set a $124.00 price target on the stock in a report on Monday, November 24th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.13.

Institutional Investors Weigh In On RB Global

A number of hedge funds have recently made changes to their positions in the business. MJP Associates Inc. ADV boosted its position in shares of RB Global by 2.2% during the second quarter. MJP Associates Inc. ADV now owns 4,434 shares of the business services provider’s stock worth $471,000 after buying an additional 95 shares during the period. Geneos Wealth Management Inc. boosted its position in RB Global by 21.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 540 shares of the business services provider’s stock worth $54,000 after acquiring an additional 97 shares during the period. Archer Investment Corp grew its stake in shares of RB Global by 6.0% in the second quarter. Archer Investment Corp now owns 1,760 shares of the business services provider’s stock worth $187,000 after purchasing an additional 100 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of RB Global by 5.4% during 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 period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of RB Global by 12.9% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 938 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 107 shares in the last quarter. Institutional investors own 95.37% 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.