Atria Wealth Solutions Inc. Has $621,000 Stock Holdings in RB Global, Inc. (NYSE:RBA)

Atria Wealth Solutions Inc. grew its holdings in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 75.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,189 shares of the business services provider’s stock after buying an additional 2,671 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in RB Global were worth $621,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA increased its stake in shares of RB Global by 3.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 10,241,186 shares of the business services provider’s stock valued at $1,027,191,000 after buying an additional 352,530 shares in the last quarter. Fiera Capital Corp increased its stake in shares of RB Global by 17.3% in the first quarter. Fiera Capital Corp now owns 3,773,914 shares of the business services provider’s stock valued at $379,150,000 after buying an additional 557,407 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of RB Global by 0.6% in the fourth quarter. Janus Henderson Group PLC now owns 3,403,086 shares of the business services provider’s stock valued at $307,033,000 after buying an additional 19,895 shares in the last quarter. Northern Trust Corp increased its stake in shares of RB Global by 13.3% in the fourth quarter. Northern Trust Corp now owns 1,399,401 shares of the business services provider’s stock valued at $126,240,000 after buying an additional 163,820 shares in the last quarter. Finally, Ancora Advisors LLC increased its stake in shares of RB Global by 57.4% in the fourth quarter. Ancora Advisors LLC now owns 903,385 shares of the business services provider’s stock valued at $81,494,000 after buying an additional 329,477 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at RB Global

In other RB Global news, insider Darren Jeffrey Watt sold 7,400 shares of the firm’s stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $110.00, for a total transaction of $814,000.00. Following the sale, the insider directly owned 24,874 shares of the company’s stock, valued at $2,736,140. This trade represents a 22.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Francis Kessler sold 45,658 shares of RB Global stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $110.00, for a total value of $5,022,380.00. Following the completion of the sale, the chief executive officer directly owned 107,569 shares in the company, valued at $11,832,590. This trade represents a 29.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 57,558 shares of company stock worth $6,314,145 in the last ninety days. Insiders own 4.32% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Royal Bank Of Canada boosted their price objective on RB Global from $125.00 to $132.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. BMO Capital Markets lifted their price target on shares of RB Global from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Wall Street Zen upgraded shares of RB Global from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. National Bankshares lifted their price target on shares of RB Global from $112.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Finally, Robert W. Baird boosted their target price on RB Global from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, RB Global has an average rating of “Moderate Buy” and a consensus target price of $119.79.

RB Global Trading Up 1.2%

NYSE RBA opened at $118.00 on Thursday. RB Global, Inc. has a fifty-two week low of $78.08 and a fifty-two week high of $118.23. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.22 and a current ratio of 1.28. The stock has a 50 day simple moving average of $107.87 and a two-hundred day simple moving average of $102.16. The stock has a market cap of $21.89 billion, a P/E ratio of 58.42, a price-to-earnings-growth ratio of 2.70 and a beta of 0.75.

RB Global (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings data on Wednesday, August 6th. The business services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.12. RB Global had a return on equity of 9.42% and a net margin of 9.46%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the company earned $0.94 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts forecast that RB Global, Inc. will post 2.5 earnings per share for the current year.

RB Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, August 28th will be paid a $0.31 dividend. This is an increase from RB Global’s previous quarterly dividend of $0.29. The ex-dividend date is Thursday, August 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.1%. RB Global’s dividend payout ratio (DPR) is 57.43%.

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.