RB Global (TSE:RBA) Reaches New 1-Year High – Here’s What Happened

RB Global, Inc. (TSE:RBA) (NYSE:RBA)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as C$132.05 and last traded at C$131.50, with a volume of 42586 shares. The stock had previously closed at C$129.86.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets raised shares of RB Global to a “strong-buy” rating in a research note on Thursday, September 5th.

RB Global Stock Up 0.4 %

The firm has a market cap of C$24.03 billion, a P/E ratio of 52.37, a P/E/G ratio of 2.43 and a beta of 0.93. The company has a debt-to-equity ratio of 80.04, a quick ratio of 1.00 and a current ratio of 1.29. The firm’s fifty day moving average is C$115.55 and its 200 day moving average is C$109.21.

RB Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a $0.392 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.57 dividend on an annualized basis and a yield of 1.20%. This is an increase from RB Global’s previous quarterly dividend of $0.37. RB Global’s payout ratio is currently 64.23%.

Insider Buying and Selling

In other RB Global news, Senior Officer James Jeffrey Jeter sold 3,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of C$85.55, for a total transaction of C$256,650.00. 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.