RB Global (TSE:RBA) Hits New 12-Month High at $110.28

Shares of RB Global, Inc. (TSE:RBA) (NYSE:RBA) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$110.28 and last traded at C$109.78, with a volume of 64613 shares trading hands. The stock had previously closed at C$109.49.

RB Global Stock Performance

The firm has a market capitalization of C$20.36 billion, a price-to-earnings ratio of 43.62, a PEG ratio of 2.43 and a beta of 0.88. The firm has a 50 day moving average price of C$101.27 and a 200-day moving average price of C$95.48. The company has a debt-to-equity ratio of 82.17, a current ratio of 1.29 and a quick ratio of 1.00.

RB Global (TSE:RBA) (NYSE:RBA) last announced its quarterly earnings data on Thursday, May 9th. The company reported C$0.72 EPS for the quarter, beating analysts’ consensus estimates of C$0.51 by C$0.21. The company had revenue of C$1.44 billion for the quarter, compared to the consensus estimate of C$1.37 billion. RB Global had a net margin of 8.08% and a return on equity of 6.26%. As a group, sell-side analysts expect that RB Global, Inc. will post 4.5137047 earnings per share for the current fiscal year.

RB Global Increases Dividend

The company also recently disclosed a 1 dividend, which was paid on Wednesday, May 29th. Shareholders of record on Friday, January 1st were paid a $1.488 dividend. The ex-dividend date of this dividend was Thursday, June 20th. This is a boost from RB Global’s previous 1 dividend of $1.43. RB Global’s payout ratio is currently 58.96%.

Insider Activity

In related news, Senior Officer Baron Concors purchased 13,230 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were purchased at an average price of C$75.05 per share, with a total value of C$992,911.50. In other news, Senior Officer James Jeffrey Jeter sold 5,000 shares of RB Global stock in a transaction dated Friday, May 24th. The shares were sold at an average price of C$76.14, for a total value of C$380,700.00. Also, Senior Officer Baron Concors purchased 13,230 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were purchased at an average cost of C$75.05 per share, with a total value of C$992,911.50. Corporate insiders own 0.30% 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.