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

RB Global, Inc. (NYSE:RBA) (TSE:RBA) has received a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $124.1250.

RBA has been the topic of several analyst reports. National Bank Financial upgraded 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. National Bankshares cut their price objective on shares of RB Global from $113.00 to $111.00 and set a “sector perform” rating for the company in a research report on Thursday, October 9th. Weiss Ratings lowered shares of RB Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. 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 report on Tuesday. Finally, Royal Bank Of Canada lifted their price target on shares of RB Global from $132.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, November 7th.

RB Global Trading Up 2.1%

Shares of RB Global stock opened at $115.61 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.23 and a quick ratio of 1.15. The stock’s 50 day simple moving average is $103.56 and its 200-day simple moving average is $107.12. The stock has a market cap of $21.49 billion, a P/E ratio of 55.31, a P/E/G ratio of 2.15 and a beta of 0.57. RB Global has a 1-year low of $86.68 and a 1-year high of $119.58.

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

RB Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 9th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, February 9th. RB Global’s dividend payout ratio is 59.33%.

Insider Buying and Selling at RB Global

In other RB Global news, Director Deborah Stein purchased 1,000 shares of the stock in a transaction dated Thursday, November 13th. The stock was acquired at an average cost of $101.26 per share, for a total transaction of $101,260.00. Following the acquisition, the director owned 1,000 shares in the company, valued at $101,260. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.32% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in RB Global during the second quarter worth about $255,798,000. JARISLOWSKY FRASER Ltd purchased a new stake in shares of RB Global in the 3rd quarter valued at approximately $195,640,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of RB Global by 7.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,726,926 shares of the business services provider’s stock worth $1,162,370,000 after acquiring an additional 705,423 shares during the last quarter. Vontobel Holding Ltd. boosted its position in shares of RB Global by 10.3% during the 3rd quarter. Vontobel Holding Ltd. now owns 7,215,414 shares of the business services provider’s stock worth $781,862,000 after purchasing an additional 672,450 shares during the period. Finally, Kensico Capital Management Corp boosted its position in shares of RB Global by 152.0% during the 3rd quarter. Kensico Capital Management Corp now owns 1,044,000 shares of the business services provider’s stock worth $113,128,000 after purchasing an additional 629,700 shares during the period. Institutional investors and hedge funds 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.