Atria Wealth Solutions Inc. Increases Holdings in RB Global, Inc. (NYSE:RBA)

Atria Wealth Solutions Inc. boosted its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 4.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,386 shares of the business services provider’s stock after purchasing an additional 250 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in RB Global were worth $360,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. SG Americas Securities LLC grew its holdings in shares of RB Global by 120.4% in the third quarter. SG Americas Securities LLC now owns 7,089 shares of the business services provider’s stock valued at $443,000 after purchasing an additional 3,872 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of RB Global by 91.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,168 shares of the business services provider’s stock valued at $5,231,000 after acquiring an additional 39,619 shares during the last quarter. Advisor Partners II LLC purchased a new position in RB Global in the third quarter worth about $221,000. Assetmark Inc. increased its stake in RB Global by 19.5% during the third quarter. Assetmark Inc. now owns 4,285 shares of the business services provider’s stock worth $268,000 after acquiring an additional 699 shares during the last quarter. Finally, Orion Portfolio Solutions LLC increased its stake in RB Global by 10.5% during the third quarter. Orion Portfolio Solutions LLC now owns 16,435 shares of the business services provider’s stock worth $1,027,000 after acquiring an additional 1,561 shares during the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on RBA shares. StockNews.com upgraded RB Global from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Royal Bank of Canada raised their target price on shares of RB Global from $75.00 to $93.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Raymond James upped their price target on shares of RB Global from $78.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, February 26th. Finally, Scotiabank raised their price objective on shares of RB Global from $88.00 to $89.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $83.00.

RB Global Trading Up 1.5 %

RBA stock opened at $71.88 on Wednesday. RB Global, Inc. has a 12 month low of $51.07 and a 12 month high of $77.99. The firm’s 50-day moving average is $74.60 and its 200 day moving average is $68.44. The company has a market capitalization of $13.14 billion, a PE ratio of 84.56, a P/E/G ratio of 5.43 and a beta of 0.88. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.35 and a quick ratio of 1.23.

RB Global (NYSE:RBA) (TSE:RBA) last released its quarterly earnings data on Friday, February 23rd. The business services provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.14. RB Global had a net margin of 5.61% and a return on equity of 4.19%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the firm earned $0.40 earnings per share. The firm’s revenue for the quarter was up 134.5% compared to the same quarter last year. On average, research analysts anticipate that RB Global, Inc. will post 1.9 EPS for the current year.

Insiders Place Their Bets

In other RB Global news, insider Darren Jeffrey Watt sold 2,300 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $76.97, for a total value of $177,031.00. Following the completion of the transaction, the insider now directly owns 21,103 shares in the company, valued at $1,624,297.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Darren Jeffrey Watt sold 2,300 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $76.97, for a total transaction of $177,031.00. Following the transaction, the insider now directly owns 21,103 shares of the company’s stock, valued at $1,624,297.91. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CRO James J. Jeter sold 11,416 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $76.32, for a total value of $871,269.12. Following the completion of the sale, the executive now directly owns 30,915 shares of the company’s stock, valued at approximately $2,359,432.80. The disclosure for this sale can be found here. Insiders sold a total of 14,816 shares of company stock worth $1,133,055 over the last 90 days. Company insiders own 4.10% 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.