RB Global (TSE:RBA) Hits New 52-Week High – Time to Buy?

RB Global, Inc. (TSE:RBA) (NYSE:RBA)’s share price reached 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 traded. The stock had previously closed at C$129.86.

Analyst Upgrades and Downgrades

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

RB Global Stock Up 0.7 %

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 company has a market capitalization of C$24.09 billion, a PE ratio of 53.14, a P/E/G ratio of 2.43 and a beta of 0.93. The company’s 50-day moving average is C$116.21 and its 200 day moving average is C$109.62.

RB Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be given a dividend of $0.392 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.57 annualized dividend and a dividend yield of 1.20%. This is an increase from RB Global’s previous quarterly dividend of $0.37. RB Global’s dividend payout ratio (DPR) is 64.23%.

Insider Activity at RB Global

In other RB Global news, Senior Officer James Jeffrey Jeter sold 3,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were 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 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.