RB Global (TSE:RBA) Lifted to “Strong-Buy” at BMO Capital Markets

BMO Capital Markets upgraded shares of RB Global (TSE:RBA) (NYSE:RBA) to a strong-buy rating in a research note published on Thursday morning, Zacks.com reports.

RB Global Stock Performance

TSE RBA opened at C$112.08 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.29 and a debt-to-equity ratio of 80.04. The company has a market capitalization of C$20.65 billion, a P/E ratio of 45.75, a P/E/G ratio of 2.43 and a beta of 0.90. RB Global has a 12-month low of C$80.97 and a 12-month high of C$117.55. The firm has a 50-day moving average price of C$109.54 and a two-hundred day moving average price of C$104.79.

RB Global (TSE:RBA) (NYSE:RBA) last issued its quarterly earnings results on Tuesday, August 6th. The company reported C$0.74 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.82 by C($0.08). RB Global had a return on equity of 6.61% and a net margin of 8.68%. The firm had revenue of C$1.50 billion for the quarter, compared to the consensus estimate of C$1.54 billion.

RB Global Increases Dividend

The firm also recently declared a 1 dividend, which was paid on Wednesday, August 28th. Shareholders of record on Friday, January 1st were given a $1.602 dividend. This is a boost from RB Global’s previous 1 dividend of $1.49. The ex-dividend date was Wednesday, September 18th. RB Global’s dividend payout ratio is 63.67%.

Insider Buying and Selling at RB Global

In other news, Senior Officer Darren Watt sold 937 shares of the 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 related news, Senior Officer James Francis Kessler sold 8,000 shares of the stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of C$80.41, for a total transaction of C$643,280.00. Also, Senior Officer Darren Watt sold 937 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of C$80.78, for a total transaction of C$75,690.86. In the last ninety days, insiders sold 14,857 shares of company stock worth $1,206,184. 0.29% of the stock is currently owned by company 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.