RB Global (TSE:RBA) Shares Pass Above Two Hundred Day Moving Average of $97.04

Shares of RB Global, Inc. (TSE:RBA) (NYSE:RBA) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$97.04 and traded as high as C$107.76. RB Global shares last traded at C$106.05, with a volume of 260,194 shares.

RB Global Stock Performance

The company has a market capitalization of C$19.38 billion, a price-to-earnings ratio of 42.03, a price-to-earnings-growth ratio of 2.43 and a beta of 0.88. The firm has a 50-day simple moving average of C$102.85 and a two-hundred day simple moving average of C$97.10. The company has a current ratio of 1.29, a quick ratio of 1.00 and a debt-to-equity ratio of 82.17.

RB Global (TSE:RBA) (NYSE:RBA) last announced its quarterly earnings results on Thursday, May 9th. The company reported C$0.72 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.51 by C$0.21. RB Global had a return on equity of 6.26% and a net margin of 8.08%. The company had revenue of C$1.44 billion during the quarter, compared to analysts’ expectations of C$1.37 billion. As a group, sell-side analysts forecast 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. Investors of record on Friday, January 1st were issued a dividend of $1.488 per share. This is an increase from RB Global’s previous 1 dividend of $1.43. The ex-dividend date of this dividend was Thursday, June 20th. RB Global’s dividend payout ratio is currently 58.96%.

Insider Activity at RB Global

In other RB Global news, Senior Officer Darren Watt sold 937 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of C$80.78, for a total transaction of C$75,690.86. In other news, Senior Officer James Francis Kessler sold 8,000 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of C$80.41, for a total value of C$643,280.00. Also, Senior Officer Darren Watt sold 937 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of C$80.78, for a total transaction of C$75,690.86. In the last three months, insiders have sold 13,937 shares of company stock worth $1,099,671. 0.30% of the stock is owned by insiders.

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.