Atria Wealth Solutions Inc. Purchases 2,671 Shares of RB Global, Inc. $RBA

Atria Wealth Solutions Inc. boosted its stake in RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 75.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,189 shares of the business services provider's stock after buying an additional 2,671 shares during the period. Atria Wealth Solutions Inc.'s holdings in RB Global were worth $621,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. QRG Capital Management Inc. grew its position in RB Global by 122.2% in the 1st quarter. QRG Capital Management Inc. now owns 7,678 shares of the business services provider's stock worth $770,000 after purchasing an additional 4,222 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of RB Global by 9.2% during the fourth quarter. MetLife Investment Management LLC now owns 103,934 shares of the business services provider's stock worth $9,376,000 after buying an additional 8,723 shares during the period. GAMMA Investing LLC grew its holdings in RB Global by 28.6% in the 1st quarter. GAMMA Investing LLC now owns 1,608 shares of the business services provider's stock worth $161,000 after buying an additional 358 shares in the last quarter. Mariner LLC increased its position in RB Global by 32.4% in the 4th quarter. Mariner LLC now owns 48,124 shares of the business services provider's stock valued at $4,341,000 after acquiring an additional 11,767 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in RB Global by 10.9% in the 1st 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. Institutional investors own 95.37% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on RBA. CIBC increased their price target on RB Global from $118.00 to $121.00 and gave the stock an "outperformer" rating in a research note on Friday, July 18th. Robert W. Baird boosted their target price on shares of RB Global from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. 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. BMO Capital Markets lifted 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. Finally, Raymond James Financial increased their price target on RB Global from $125.00 to $135.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $119.79.

RB Global Price Performance

NYSE:RBA traded up $0.50 during mid-day trading on Monday, hitting $115.40. The company's stock had a trading volume of 497,115 shares, compared to its average volume of 1,090,545. The company has a market capitalization of $21.41 billion, a price-to-earnings ratio of 57.14, a P/E/G ratio of 2.66 and a beta of 0.75. The company has a current ratio of 1.28, a quick ratio of 1.22 and a debt-to-equity ratio of 0.46. RB Global, Inc. has a fifty-two week low of $78.08 and a fifty-two week high of $118.23. The stock has a fifty day moving average of $108.31 and a 200-day moving average of $102.68.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last announced its quarterly earnings results on Wednesday, August 6th. The business services provider reported $1.07 EPS for the quarter, beating the consensus estimate of $0.95 by $0.12. RB Global had a return on equity of 9.42% and a net margin of 9.46%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the firm earned $0.94 EPS. RB Global's quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities analysts forecast 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 will be paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, August 28th. This is a positive change from RB Global's previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a dividend yield of 1.1%. RB Global's dividend payout ratio (DPR) is 57.43%.

Insider Transactions at RB Global

In other RB Global news, insider Darren Jeffrey Watt sold 7,400 shares of RB Global stock in a transaction on Monday, July 14th. The stock was sold at an average price of $110.00, for a total value of $814,000.00. Following the completion of the transaction, the insider owned 24,874 shares in the company, valued at approximately $2,736,140. The trade was a 22.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Adam Dewitt sold 800 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $106.17, for a total value of $84,936.00. Following the sale, the director owned 5,865 shares in the company, valued at $622,687.05. The trade was a 12.00% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,558 shares of company stock valued at $6,314,145. Corporate insiders own 0.28% of the company's stock.

RB Global 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.