RB Global, Inc. (NYSE:RBA) Receives $107.64 Consensus PT from Analysts

Shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) have been given an average recommendation of “Moderate Buy” by the six research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $107.64.

Several research firms recently weighed in on RBA. Royal Bank of Canada boosted their price objective on shares of RB Global from $107.00 to $116.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Raymond James increased their price target on RB Global from $110.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. BMO Capital Markets lifted their price objective on RB Global from $116.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Robert W. Baird increased their target price on RB Global from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Finally, CIBC decreased their price target on RB Global from $109.00 to $108.00 and set an “outperformer” rating on the stock in a research report on Monday, February 3rd.

Insider Buying and Selling

In other news, CRO James J. Jeter sold 7,597 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $97.85, for a total transaction of $743,366.45. Following the completion of the sale, the executive now owns 20,267 shares of the company’s stock, valued at $1,983,125.95. This trade represents a 27.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO James Francis Kessler sold 15,700 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $97.81, for a total transaction of $1,535,617.00. Following the transaction, the chief executive officer now owns 107,569 shares in the company, valued at $10,521,323.89. The trade was a 12.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,897 shares of company stock valued at $2,338,161 in the last three months. Insiders own 4.32% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC boosted its position in shares of RB Global by 74.5% during the fourth quarter. CoreCap Advisors LLC now owns 274 shares of the business services provider’s stock valued at $25,000 after buying an additional 117 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in RB Global during the 4th quarter worth $27,000. Versant Capital Management Inc grew its stake in shares of RB Global by 136.4% in the 4th quarter. Versant Capital Management Inc now owns 305 shares of the business services provider’s stock worth $28,000 after acquiring an additional 176 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of RB Global by 49.4% in the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 129 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of RB Global during the fourth quarter valued at about $36,000. 95.37% of the stock is owned by institutional investors and hedge funds.

RB Global Price Performance

NYSE:RBA opened at $100.31 on Friday. RB Global has a 52-week low of $69.83 and a 52-week high of $106.90. The company has a market cap of $18.53 billion, a P/E ratio of 49.91, a P/E/G ratio of 4.95 and a beta of 0.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.29. The stock’s 50-day simple moving average is $96.80 and its 200 day simple moving average is $91.70.

RB Global (NYSE:RBA) (TSE:RBA) last released its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.23). RB Global had a net margin of 9.64% and a return on equity of 8.00%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the business earned $0.82 earnings per share. As a group, sell-side analysts forecast that RB Global will post 2.5 EPS for the current fiscal year.

RB Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $0.29 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.16%. RB Global’s dividend payout ratio (DPR) is presently 57.71%.

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.