Swiss National Bank held its position in Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 177,900 shares of the business services provider’s stock at the end of the 2nd quarter. Swiss National Bank owned 0.17% of Ritchie Bros. Auctioneers worth $5,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lloyds Banking Group plc lifted its holdings in shares of Ritchie Bros. Auctioneers by 59.1% during the 2nd quarter. Lloyds Banking Group plc now owns 4,456 shares of the business services provider’s stock worth $128,000 after acquiring an additional 1,656 shares during the period. First Bank & Trust lifted its holdings in shares of Ritchie Bros. Auctioneers by 3.8% during the 2nd quarter. First Bank & Trust now owns 5,387 shares of the business services provider’s stock worth $155,000 after acquiring an additional 196 shares during the period. FNY Managed Accounts LLC bought a new stake in shares of Ritchie Bros. Auctioneers during the 1st quarter worth approximately $176,000. Forward Management LLC lifted its holdings in shares of Ritchie Bros. Auctioneers by 11.0% during the 2nd quarter. Forward Management LLC now owns 6,137 shares of the business services provider’s stock worth $176,000 after acquiring an additional 609 shares during the period. Finally, World Asset Management Inc lifted its holdings in shares of Ritchie Bros. Auctioneers by 0.7% during the 1st quarter. World Asset Management Inc now owns 6,613 shares of the business services provider’s stock worth $218,000 after acquiring an additional 43 shares during the period. 96.01% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Sharon Ruth Driscoll bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were bought at an average cost of $28.59 per share, with a total value of $28,590.00. Following the completion of the purchase, the chief financial officer now directly owns 1,000 shares in the company, valued at $28,590. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.39% of the stock is owned by insiders.

Shares of Ritchie Bros. Auctioneers Incorporated (RBA) opened at 30.86 on Thursday. Ritchie Bros. Auctioneers Incorporated has a 1-year low of $26.68 and a 1-year high of $39.96. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 66.80 and a beta of 0.57. The stock has a 50 day moving average of $28.90 and a 200-day moving average of $30.19.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. Ritchie Bros. Auctioneers had a net margin of 8.96% and a return on equity of 14.72%. The firm had revenue of $166.20 million during the quarter, compared to analyst estimates of $161.85 million. During the same period in the previous year, the business posted $0.37 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. Analysts forecast that Ritchie Bros. Auctioneers Incorporated will post $0.82 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Wednesday, August 23rd. Ritchie Bros. Auctioneers’s payout ratio is 144.68%.

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A number of brokerages have recently weighed in on RBA. Zacks Investment Research raised shares of Ritchie Bros. Auctioneers from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. National Bank Financial cut their price target on shares of Ritchie Bros. Auctioneers from $31.50 to $30.00 and set a “sector perform” rating for the company in a report on Wednesday, August 9th. Royal Bank Of Canada set a $40.00 price target on shares of Ritchie Bros. Auctioneers and gave the stock a “buy” rating in a report on Wednesday, August 9th. Scotiabank upped their price target on shares of Ritchie Bros. Auctioneers from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. Finally, Robert W. Baird reiterated a “buy” rating and set a $33.00 price objective on shares of Ritchie Bros. Auctioneers in a research report on Tuesday, September 12th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Ritchie Bros. Auctioneers currently has a consensus rating of “Hold” and a consensus target price of $32.82.

Ritchie Bros. Auctioneers Company Profile

Ritchie Bros Auctioneers Inc is a Canada-based holding company. The Company is an industrial auctioneer and used equipment distributor, selling used equipment and other assets. Its segments include Core Auction, which is a network of auction locations that conduct live, unreserved auctions with both on-site and online bidding, and Other, which includes its EquipmentOne and Mascus International Holding B.V.

Institutional Ownership by Quarter for Ritchie Bros. Auctioneers (NYSE:RBA)

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