RB Global (NYSE:RBA) Upgraded at Stephens

Stephens upgraded shares of RB Global (NYSE:RBA) (TSE:RBA) to a hold rating in a research note issued to investors on Thursday morning,Zacks.com reports.

RBA has been the topic of a number of other reports. BMO Capital Markets increased their target price on shares of RB Global from $135.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Weiss Ratings raised shares of RB Global from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. Raymond James Financial raised their price objective on shares of RB Global from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Finally, Royal Bank Of Canada raised their price objective on shares of RB Global from $137.00 to $146.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.13.

RB Global Trading Up 1.0%

NYSE RBA opened at $104.37 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.10 and a quick ratio of 1.02. The firm’s fifty day moving average price is $101.29 and its 200 day moving average price is $103.48. The company has a market capitalization of $19.40 billion, a price-to-earnings ratio of 51.16, a price-to-earnings-growth ratio of 1.57 and a beta of 0.57. RB Global has a 12 month low of $93.58 and a 12 month high of $119.58.

RB Global (NYSE:RBA) (TSE:RBA) last posted its earnings results on Tuesday, February 17th. The business services provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.12. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.17 billion. RB Global had a net margin of 9.33% and a return on equity of 11.12%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $0.95 EPS. On average, sell-side analysts expect that RB Global will post 2.5 earnings per share for the current fiscal year.

RB Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 9th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, February 9th. RB Global’s dividend payout ratio (DPR) is presently 60.78%.

Insider Buying and Selling at RB Global

In other RB Global news, CEO James Francis Kessler sold 20,742 shares of the firm’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $115.00, for a total transaction of $2,385,330.00. Following the transaction, the chief executive officer directly owned 107,569 shares of the company’s stock, valued at approximately $12,370,435. This trade represents a 16.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Deborah Stein acquired 400 shares of the stock in a transaction on Wednesday, March 18th. The shares were acquired at an average cost of $98.74 per share, for a total transaction of $39,496.00. Following the completion of the transaction, the director directly owned 1,400 shares in the company, valued at $138,236. The trade was a 40.00% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.57% of the company’s stock.

Institutional Trading of RB Global

Several hedge funds have recently made changes to their positions in the company. Covestor Ltd lifted its stake in shares of RB Global by 11.6% in the 4th quarter. Covestor Ltd now owns 933 shares of the business services provider’s stock worth $96,000 after acquiring an additional 97 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of RB Global by 21.9% in 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. Coldstream Capital Management Inc. lifted its stake in shares of RB Global by 5.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,044 shares of the business services provider’s stock worth $221,000 after acquiring an additional 105 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of RB Global by 12.9% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 938 shares of the business services provider’s stock worth $102,000 after acquiring an additional 107 shares during the period. Finally, Central Pacific Bank Trust Division lifted its stake in shares of RB Global by 41.8% in the 4th quarter. Central Pacific Bank Trust Division now owns 363 shares of the business services provider’s stock worth $37,000 after acquiring an additional 107 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s stock.

About RB Global

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.