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

Shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $126.00.

A number of brokerages have recently issued reports on RBA. Royal Bank Of Canada lifted their price target on RB Global from $132.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Raymond James Financial boosted their price target on shares of RB Global from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of RB Global in a report on Thursday, January 22nd. National Bank Financial raised shares of RB Global from a “sector perform” rating to an “outperform” rating and set a $124.00 price objective for the company in a report on Monday, November 24th. Finally, Wall Street Zen cut RB Global from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th.

RB Global Stock Up 1.0%

RBA opened at $101.95 on Monday. The firm has a market capitalization of $18.95 billion, a P/E ratio of 48.78, a price-to-earnings-growth ratio of 1.91 and a beta of 0.54. RB Global has a one year low of $87.87 and a one year high of $119.58. The company has a fifty day moving average price of $109.05 and a 200-day moving average price of $107.85. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.23 and a quick ratio of 1.15.

RB Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 9th will be given a dividend of $0.31 per share. The ex-dividend date is Monday, February 9th. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. RB Global’s dividend payout ratio is 59.33%.

Insider Buying and Selling at RB Global

In related news, CEO James Francis Kessler sold 20,742 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $115.00, for a total value of $2,385,330.00. Following the completion of the sale, the chief executive officer owned 107,569 shares in the company, valued at $12,370,435. The trade was a 16.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Central Pacific Bank Trust Division grew its holdings in shares of RB Global by 41.8% during the 4th quarter. Central Pacific Bank Trust Division now owns 363 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 107 shares during the last quarter. Spire Wealth Management boosted its position in RB Global by 1,090.6% during the third quarter. Spire Wealth Management now owns 381 shares of the business services provider’s stock valued at $41,000 after buying an additional 349 shares during the period. State of Wyoming bought a new position in shares of RB Global during the second quarter valued at about $46,000. Whipplewood Advisors LLC increased its holdings in shares of RB Global by 42.9% in the second quarter. Whipplewood Advisors LLC now owns 456 shares of the business services provider’s stock worth $48,000 after buying an additional 137 shares during the period. Finally, SouthState Corp lifted its stake in shares of RB Global by 75.6% in the 2nd quarter. SouthState Corp now owns 453 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 195 shares during the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

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.