Atria Investments Inc Sells 7,198 Shares of RB Global, Inc. $RBA

Atria Investments Inc lowered its stake in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 23.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,983 shares of the business services provider’s stock after selling 7,198 shares during the period. Atria Investments Inc’s holdings in RB Global were worth $2,490,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of RBA. Spire Wealth Management raised its position in shares of RB Global by 1,090.6% in the 3rd quarter. Spire Wealth Management now owns 381 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 349 shares during the period. State of Wyoming acquired a new position in RB Global during the second quarter valued at approximately $46,000. SouthState Corp increased its stake in RB Global by 75.6% in the second quarter. SouthState Corp now owns 453 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 195 shares in the last quarter. Whipplewood Advisors LLC increased its stake in RB Global by 42.9% in the second quarter. Whipplewood Advisors LLC now owns 456 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 137 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in RB Global by 21.9% in the first quarter. Geneos Wealth Management Inc. now owns 540 shares of the business services provider’s stock worth $54,000 after purchasing an additional 97 shares during the period. 95.37% of the stock is currently owned by institutional investors and hedge funds.

RB Global Price Performance

NYSE:RBA opened at $101.95 on Tuesday. RB Global, Inc. has a 52-week low of $87.87 and a 52-week high of $119.58. The company has a market cap of $18.95 billion, a P/E ratio of 48.78, a P/E/G ratio of 1.91 and a beta of 0.54. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.15 and a current ratio of 1.23. The stock’s 50-day simple moving average is $109.10 and its 200 day simple moving average is $107.80.

RB Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 9th will be paid a dividend of $0.31 per share. The ex-dividend date is Monday, February 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. RB Global’s dividend payout ratio is currently 59.33%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RBA. National Bank Financial raised shares of RB Global from a “sector perform” rating to an “outperform” rating and set a $124.00 price target for the company in a report on Monday, November 24th. Royal Bank Of Canada lifted their target price on RB Global from $132.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Bank of America lowered their price target on RB Global from $120.00 to $114.00 and set a “buy” rating for the company in a report on Friday, November 7th. Raymond James Financial raised their price target on RB Global from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of RB Global in a research report on Thursday, January 22nd. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, RB Global has a consensus rating of “Moderate Buy” and an average target price of $126.00.

Insider Activity

In other RB Global news, CEO James Francis Kessler sold 20,742 shares of the company’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $115.00, for a total transaction of $2,385,330.00. Following the sale, the chief executive officer directly owned 107,569 shares of the company’s stock, valued at approximately $12,370,435. This represents a 16.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.28% of the stock is currently owned by corporate insiders.

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.