RB Global, Inc. (NYSE:RBA) Shares Acquired by Atria Investments Inc

Atria Investments Inc boosted its holdings in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 28.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,303 shares of the business services provider's stock after buying an additional 10,725 shares during the quarter. Atria Investments Inc's holdings in RB Global were worth $4,357,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in RBA. Central Pacific Bank Trust Division purchased a new stake in shares of RB Global in the 4th quarter valued at approximately $27,000. Versant Capital Management Inc increased its position in shares of RB Global by 136.4% in the 4th quarter. Versant Capital Management Inc now owns 305 shares of the business services provider's stock valued at $28,000 after purchasing an additional 176 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of RB Global by 49.4% in the 4th quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock valued at $35,000 after purchasing an additional 129 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of RB Global in the 4th quarter valued at approximately $37,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of RB Global in the 4th quarter valued at approximately $40,000. 95.37% of the stock is currently owned by institutional investors and hedge funds.

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RB Global Trading Up 1.7 %

Shares of NYSE:RBA traded up $1.71 during trading on Friday, reaching $101.36. The stock had a trading volume of 990,634 shares, compared to its average volume of 1,055,094. The business has a fifty day moving average price of $93.87 and a 200-day moving average price of $89.96. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.50. The stock has a market cap of $18.73 billion, a P/E ratio of 50.43, a PEG ratio of 4.95 and a beta of 0.94. RB Global, Inc. has a fifty-two week low of $69.83 and a fifty-two week high of $106.90.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last issued its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.58 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.23). RB Global had a return on equity of 8.00% and a net margin of 9.64%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the company posted $0.82 EPS. As a group, analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current fiscal year.

RB Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.29 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.14%. RB Global's dividend payout ratio (DPR) is presently 57.71%.

Wall Street Analysts Forecast Growth

RBA has been the topic of a number of recent analyst reports. CIBC dropped their price objective on shares of RB Global from $109.00 to $108.00 and set an "outperformer" rating on the stock in a research report on Monday, February 3rd. BMO Capital Markets increased their target price on shares of RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. StockNews.com downgraded shares of RB Global from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Royal Bank of Canada increased their target price on shares of RB Global from $107.00 to $116.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Finally, Raymond James increased their target price on shares of RB Global from $110.00 to $118.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, RB Global currently has an average rating of "Moderate Buy" and a consensus target price of $107.64.

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.