Atria Investments Inc Has $3.54 Million Stock Holdings in RB Global, Inc. $RBA

Atria Investments Inc boosted its position in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 49.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,436 shares of the business services provider’s stock after buying an additional 11,453 shares during the quarter. Atria Investments Inc’s holdings in RB Global were worth $3,542,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Geneos Wealth Management Inc. lifted its stake in shares of RB Global by 21.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 540 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 97 shares during the period. Coldstream Capital Management Inc. increased its holdings in RB Global by 5.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,044 shares of the business services provider’s stock worth $221,000 after purchasing an additional 105 shares in the last quarter. Central Pacific Bank Trust Division increased its holdings in RB Global by 41.8% during the 4th quarter. Central Pacific Bank Trust Division now owns 363 shares of the business services provider’s stock worth $37,000 after purchasing an additional 107 shares in the last quarter. Sigma Planning Corp increased its holdings in RB Global by 1.4% during the 4th quarter. Sigma Planning Corp now owns 8,416 shares of the business services provider’s stock worth $866,000 after purchasing an additional 114 shares in the last quarter. Finally, Xponance Inc. increased its holdings in RB Global by 0.5% during the 3rd quarter. Xponance Inc. now owns 22,039 shares of the business services provider’s stock worth $2,388,000 after purchasing an additional 118 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on RBA shares. Weiss Ratings upgraded RB Global from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 26th. Royal Bank Of Canada raised their price objective on RB Global from $146.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Stephens restated an “equal weight” rating and issued a $96.00 price objective on shares of RB Global in a report on Tuesday, May 5th. BMO Capital Markets reiterated an “outperform” rating and issued a $135.00 target price (up from $130.00) on shares of RB Global in a research note on Tuesday, May 5th. Finally, Raymond James Financial raised their target price on shares of RB Global from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $126.43.

Insider Buying and Selling at RB Global

In related news, Director Deborah Stein bought 400 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were purchased at an average price of $98.74 per share, with a total value of $39,496.00. Following the completion of the purchase, the director owned 1,400 shares in the company, valued at $138,236. This represents a 40.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.57% of the company’s stock.

RB Global Stock Down 0.1%

NYSE RBA opened at $101.95 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.07 and a debt-to-equity ratio of 0.40. RB Global, Inc. has a 1-year low of $93.58 and a 1-year high of $119.58. The company has a 50 day moving average of $101.37 and a 200-day moving average of $103.57. The company has a market cap of $18.95 billion, a price-to-earnings ratio of 47.42, a PEG ratio of 1.63 and a beta of 0.57.

RB Global (NYSE:RBA) (TSE:RBA) last released its quarterly earnings results on Monday, May 4th. The business services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. RB Global had a net margin of 9.55% and a return on equity of 12.33%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the business earned $0.89 earnings per share. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. On average, equities research analysts expect that RB Global, Inc. will post 4.09 earnings per share for the current fiscal year.

RB Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Wednesday, May 27th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, May 27th. RB Global’s payout ratio is presently 57.67%.

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.