Atria Investments Inc Has $3.21 Million Holdings in RB Global, Inc. $RBA

Atria Investments Inc lowered its position in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 23.6% during the second quarter, Holdings Channel reports. The fund owned 30,181 shares of the business services provider’s stock after selling 9,329 shares during the quarter. Atria Investments Inc’s holdings in RB Global were worth $3,205,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Geneos Wealth Management Inc. raised its holdings in shares of RB Global by 21.9% during the first quarter. Geneos Wealth Management Inc. now owns 540 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 97 shares during the period. Securian Asset Management Inc. raised its holdings in shares of RB Global by 0.7% during the first quarter. Securian Asset Management Inc. now owns 14,041 shares of the business services provider’s stock valued at $1,408,000 after acquiring an additional 100 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of RB Global by 10.9% during the first quarter. Nisa Investment Advisors LLC now owns 1,060 shares of the business services provider’s stock valued at $106,000 after acquiring an additional 104 shares during the period. Wealth Alliance LLC raised its holdings in shares of RB Global by 2.7% during the first quarter. Wealth Alliance LLC now owns 3,976 shares of the business services provider’s stock valued at $399,000 after acquiring an additional 104 shares during the period. Finally, Fullcircle Wealth LLC raised its holdings in shares of RB Global by 5.5% during the first quarter. Fullcircle Wealth LLC now owns 2,382 shares of the business services provider’s stock valued at $235,000 after acquiring an additional 124 shares during the period. Institutional investors and hedge funds own 95.37% of the company’s stock.

RB Global Stock Performance

Shares of RBA opened at $99.16 on Monday. The company’s fifty day moving average is $109.38 and its 200-day moving average is $107.65. RB Global, Inc. has a 12 month low of $84.31 and a 12 month high of $119.58. The firm has a market cap of $18.41 billion, a price-to-earnings ratio of 49.09, a price-to-earnings-growth ratio of 2.48 and a beta of 0.65. The company has a quick ratio of 1.22, a current ratio of 1.28 and a debt-to-equity ratio of 0.46.

RB Global (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings results on Wednesday, August 6th. The business services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.95 by $0.12. RB Global had a net margin of 9.46% and a return on equity of 9.42%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the business posted $0.94 EPS. RB Global’s quarterly revenue was up 8.2% on a year-over-year basis. Equities analysts expect that RB Global, Inc. will post 2.5 EPS for the current fiscal year.

RB Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, August 28th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $1.24 annualized dividend and a dividend yield of 1.3%. This is an increase from RB Global’s previous quarterly dividend of $0.29. RB Global’s payout ratio is currently 61.39%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RBA. Bank of America upgraded shares of RB Global from a “neutral” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Tuesday, October 28th. Royal Bank Of Canada upped their price objective on shares of RB Global from $125.00 to $132.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. CIBC upped their price objective on shares of RB Global from $118.00 to $121.00 and gave the company an “outperformer” rating in a research note on Friday, July 18th. Wall Street Zen upgraded shares of RB Global from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Finally, BMO Capital Markets upped their price objective on shares of RB Global from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, RB Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.43.

Insider Activity

In related news, insider Michael Thomas Steven Lewis sold 2,151 shares of the company’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $118.15, for a total transaction of $254,140.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.32% of the company’s stock.

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.