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 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.

Wall Street Analysts Forecast Growth

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

RB Global Price Performance

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 business has a 50 day moving average price of C$115.55 and a 200-day moving average price of C$109.21. The company has a market capitalization of C$24.03 billion, a price-to-earnings ratio of 52.37, a P/E/G ratio of 2.43 and a beta of 0.93.

RB Global Increases Dividend

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

Insider Activity

In other news, Senior Officer James Jeffrey Jeter sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of C$85.55, for a total value of C$256,650.00. 0.29% of the stock is currently owned by company insiders.

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.