Ritchie Bros. Auctioneers Inc. (RBA) Shares Bought by Aperio Group LLC
Aperio Group LLC increased its stake in shares of Ritchie Bros. Auctioneers Inc. (NYSE:RBA) (TSE:RBA) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 134,185 shares of the company’s stock after buying an additional 502 shares during the period. Aperio Group LLC owned approximately 0.13% of Ritchie Bros. Auctioneers worth $4,706,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of RBA. AGF Investments Inc. raised its position in shares of Ritchie Bros. Auctioneers by 121.1% in the second quarter. AGF Investments Inc. now owns 2,947 shares of the company’s stock valued at $100,000 after buying an additional 1,614 shares during the last quarter. FineMark National Bank & Trust increased its position in Ritchie Bros. Auctioneers by 2.4% in the second quarter. FineMark National Bank & Trust now owns 4,158 shares of the company’s stock valued at $141,000 after buying an additional 97 shares during the period. Barclays PLC acquired a new position in Ritchie Bros. Auctioneers during the second quarter valued at approximately $177,000. Dynamic Technology Lab Private Ltd acquired a new position in Ritchie Bros. Auctioneers during the second quarter valued at approximately $202,000. Finally, Advisor Group Inc. acquired a new position in Ritchie Bros. Auctioneers during the second quarter valued at approximately $212,000. 92.36% of the stock is currently owned by institutional investors.
Shares of Ritchie Bros. Auctioneers Inc. (NYSE:RBA) traded up 1.33% on Wednesday, reaching $38.23. 568,411 shares of the company were exchanged. Ritchie Bros. Auctioneers Inc. has a 12-month low of $21.03 and a 12-month high of $38.59. The firm has a market capitalization of $4.08 billion, a PE ratio of 36.94 and a beta of 0.62. The stock’s 50-day moving average is $35.84 and its 200 day moving average is $33.63.
Ritchie Bros. Auctioneers (NYSE:RBA) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Ritchie Bros. Auctioneers had a net margin of 19.91% and a return on equity of 17.38%. The company had revenue of $128.90 million for the quarter, compared to the consensus estimate of $121.06 million. During the same quarter in the prior year, the company earned $0.19 earnings per share. The company’s quarterly revenue was up 17.9% on a year-over-year basis. On average, analysts forecast that Ritchie Bros. Auctioneers Inc. will post $1.19 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Monday, November 28th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Wednesday, November 23rd. Ritchie Bros. Auctioneers’s dividend payout ratio is presently 66.67%.
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Several equities analysts recently commented on RBA shares. Macquarie started coverage on shares of Ritchie Bros. Auctioneers in a research note on Thursday, August 25th. They issued an “outperform” rating and a $34.00 price target on the stock. Bank of America Corp. restated a “hold” rating and issued a $37.50 price target on shares of Ritchie Bros. Auctioneers in a research note on Monday, October 10th. Zacks Investment Research upgraded shares of Ritchie Bros. Auctioneers from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Wednesday, October 19th. RBC Capital Markets restated an “outperform” rating on shares of Ritchie Bros. Auctioneers in a research note on Tuesday, August 30th. Finally, Jefferies Group increased their price objective on shares of Ritchie Bros. Auctioneers from $28.00 to $32.00 and gave the stock a “hold” rating in a research note on Wednesday, August 31st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. Ritchie Bros. Auctioneers presently has a consensus rating of “Hold” and a consensus target price of $36.71.
In other news, VP Jeroen Laurentius Johanus Rijk sold 6,600 shares of the company’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $34.00, for a total transaction of $224,400.00. Following the sale, the vice president now directly owns 6,600 shares in the company, valued at $224,400. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.67% of the company’s stock.
Ritchie Bros. Auctioneers Company Profile
Ritchie Bros. Auctioneers Incorporated is a holding company. The Company is an auctioneer of industrial equipment. The Company is engaged in selling industrial equipment and other assets for the construction, agricultural, transportation, energy, mining, forestry, material handling, marine and real estate industries at its unreserved auctions and online marketplaces.
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