RB Global Inc (NYSE: RBA) is 4.68% higher on its value in year-to-date trading and has touched a low of $69.83 and a high of $106.90 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RBA stock was last observed hovering at around $97.60 in the last trading session, with the day’s loss setting it -3.17%.
Currently trading at $94.43, the stock is -5.64% and 0.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.05 million and changing -3.25% at the moment leaves the stock 9.20% off its SMA200. RBA registered 25.22% gain for a year compared to 6-month gain of 12.35%. The firm has a 50-day simple moving average (SMA 50) of $94.3576 and a 200-day simple moving average (SMA200) of $86.4733.
The stock witnessed a 0.67% loss in the last 1 month and extending the period to 3 months gives it a -3.02%, and is -5.24% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.57% over the week and 2.21% over the month.
RB Global Inc (RBA) has around 8690 employees, a market worth around $17.45B and $4.28B in sales. Current P/E ratio is 46.96 and Fwd P/E is 22.40. Profit margin for the company is 8.69%. Distance from 52-week low is 35.23% and -11.67% from its 52-week high. The company has generated returns on investments over the last 12 months (3.79%).
The EPS is expected to grow by 8.19% this year
716.0 institutions hold shares in RB Global Inc (RBA), with institutional investors hold 95.96% of the company’s shares. The shares outstanding are 184.73M, and float is at 184.50M with Short Float at 3.27%. Institutions hold 95.68% of the Float.
The top institutional shareholder in the company is INDEPENDENT FRANCHISE PARTNERS LLP with over 11.77 million shares valued at $898.76 million. The investor’s holdings represent 6.4007 of the RBA Shares outstanding. As of 2024-06-30, the second largest holder is MASSACHUSETTS FINANCIAL SERVICES CO /MA/ with 9.96 million shares valued at $760.28 million to account for 5.4145 of the shares outstanding. The other top investors are EDGEPOINT INVESTMENT GROUP INC. which holds 8.51 million shares representing 4.628 and valued at over $649.16 million, while VONTOBEL HOLDING LTD. holds 4.203 of the shares totaling 7.73 million with a market value of $590.18 million.
RB Global Inc (RBA) Insider Activity
The most recent transaction is an insider sale by KESSLER JAMES FRANCIS, the company’s Chief Executive Officer. SEC filings show that KESSLER JAMES FRANCIS sold 17,883 shares of the company’s common stock on Sep 23 ’24 at a price of $84.19 per share for a total of $1.51 million. Following the sale, the insider now owns 86247.0 shares.
Still, SEC filings show that on Sep 16 ’24, KESSLER JAMES FRANCIS (Chief Executive Officer) disposed off 17,883 shares at an average price of $84.83 for $1.52 million. The insider now directly holds 86,247 shares of RB Global Inc (RBA).
