Atria Investments Inc Has $2.49 Million Stock Position in RB Global, Inc. $RBA

Atria Investments Inc cut its holdings in shares of RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 23.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,983 shares of the business services provider’s stock after selling 7,198 shares during the quarter. Atria Investments Inc’s holdings in RB Global were worth $2,490,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Caprock Group LLC acquired a new position in RB Global during the third quarter worth $1,724,000. Cibc World Market Inc. grew its holdings in shares of RB Global by 60.7% in the 3rd quarter. Cibc World Market Inc. now owns 179,707 shares of the business services provider’s stock worth $19,461,000 after purchasing an additional 67,860 shares during the last quarter. JCIC Asset Management Inc. bought a new stake in shares of RB Global in the 3rd quarter worth about $3,621,000. Triasima Portfolio Management inc. increased its position in shares of RB Global by 47.1% during the 3rd quarter. Triasima Portfolio Management inc. now owns 111,450 shares of the business services provider’s stock worth $12,074,000 after purchasing an additional 35,701 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in RB Global by 7.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,726,926 shares of the business services provider’s stock valued at $1,162,370,000 after purchasing an additional 705,423 shares during the last quarter. 95.37% of the stock is owned by institutional investors.

RB Global Stock Performance

Shares of NYSE:RBA opened at $101.95 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.46. RB Global, Inc. has a 1-year low of $87.87 and a 1-year high of $119.58. The stock has a market capitalization 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 business has a 50-day moving average price of $109.10 and a two-hundred day moving average price of $107.80.

RB Global Dividend Announcement

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

Insider Transactions at RB Global

In other RB Global news, CEO James Francis Kessler sold 20,742 shares of RB Global 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 completion of the sale, the chief executive officer owned 107,569 shares of the company’s stock, valued at approximately $12,370,435. The trade was a 16.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on RBA shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of RB Global in a research note on Thursday, January 22nd. Royal Bank Of Canada increased their price target on RB Global from $132.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. National Bank Financial raised 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. Raymond James Financial boosted their price objective on RB Global from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Finally, Wall Street Zen cut RB Global from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, RB Global currently has an average rating of “Moderate Buy” and an average target price of $126.00.

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.