RB Global, Inc. (NYSE:RBA) Shares Bought by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. grew its stake in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 4.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,386 shares of the business services provider’s stock after purchasing an additional 250 shares during the period. Atria Wealth Solutions Inc.’s holdings in RB Global were worth $360,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Alaska Permanent Fund Corp lifted its position in RB Global by 12.5% in the fourth quarter. Alaska Permanent Fund Corp now owns 36,187 shares of the business services provider’s stock valued at $2,421,000 after acquiring an additional 4,028 shares during the last quarter. Yousif Capital Management LLC lifted its holdings in shares of RB Global by 41.7% in the 4th quarter. Yousif Capital Management LLC now owns 4,943 shares of the business services provider’s stock valued at $331,000 after purchasing an additional 1,455 shares during the last quarter. Cumberland Partners Ltd acquired a new stake in shares of RB Global in the 4th quarter valued at about $370,000. GAMMA Investing LLC purchased a new position in RB Global during the 4th quarter worth approximately $54,000. Finally, Signaturefd LLC increased its position in RB Global by 11.0% during the fourth quarter. Signaturefd LLC now owns 1,917 shares of the business services provider’s stock worth $128,000 after buying an additional 190 shares during the period. 95.37% of the stock is owned by hedge funds and other institutional investors.

RB Global Stock Performance

Shares of RBA opened at $71.88 on Wednesday. The stock has a market capitalization of $13.14 billion, a P/E 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 quick ratio of 1.23 and a current ratio of 1.35. RB Global, Inc. has a 1 year low of $51.07 and a 1 year high of $77.99. The company’s fifty day moving average is $74.60 and its two-hundred day moving average is $68.44.

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

Wall Street Analyst Weigh In

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

Insider Activity

In related news, CRO James J. Jeter sold 11,416 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $76.32, for a total transaction of $871,269.12. Following the transaction, the executive now owns 30,915 shares of the company’s stock, valued at $2,359,432.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Darren Jeffrey Watt sold 1,100 shares of RB Global stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $77.05, for a total transaction of $84,755.00. Following the completion of the sale, the insider now directly owns 21,103 shares in the company, valued at approximately $1,625,986.15. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO James J. Jeter sold 11,416 shares of the business’s stock in a transaction that occurred 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 sale, the executive now directly owns 30,915 shares in the company, valued at approximately $2,359,432.80. The disclosure for this sale can be found here. Insiders sold 14,816 shares of company stock valued at $1,133,055 in the last three months. 4.10% of the stock is currently owned by company insiders.

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.