RB Global (TSE:RBA) Hits New 52-Week High at $110.28

RB Global, Inc. (TSE:RBA) (NYSE:RBA)’s stock price hit 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. The stock had previously closed at C$109.49.

RB Global Trading Up 0.1 %

The firm has a fifty day simple moving average of C$101.57 and a 200-day simple moving average of C$95.68. The firm has a market cap of C$20.16 billion, a P/E ratio of 43.69, a price-to-earnings-growth ratio of 2.43 and a beta of 0.88. 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 results on Thursday, May 9th. The company reported C$0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.51 by C$0.21. The business had revenue of C$1.44 billion for the quarter, compared to analyst estimates of C$1.37 billion. RB Global had a return on equity of 6.26% and a net margin of 8.08%. On average, equities research analysts expect that RB Global, Inc. will post 4.5137047 earnings per share for the current year.

RB Global Increases Dividend

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

Insiders Place Their Bets

In related news, Senior Officer Baron Concors bought 13,230 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were bought at an average price of C$75.05 per share, for a total transaction of C$992,911.50. In related news, Senior Officer Baron Concors bought 13,230 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were bought at an average price of C$75.05 per share, for a total transaction of C$992,911.50. Also, Senior Officer James Jeffrey Jeter sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of C$76.14, for a total value of C$380,700.00. 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.