Bradley Foster & Sargent Inc. CT reduced its position in shares of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,070 shares of the business services provider’s stock after selling 4,905 shares during the quarter. Bradley Foster & Sargent Inc. CT owned 123,314.66% of Ritchie Bros. Auctioneers worth $4,176,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RBA. Parametric Portfolio Associates LLC raised its position in Ritchie Bros. Auctioneers by 16.2% during the first quarter. Parametric Portfolio Associates LLC now owns 53,066 shares of the business services provider’s stock worth $1,746,000 after acquiring an additional 7,406 shares in the last quarter. Alliancebernstein L.P. raised its position in Ritchie Bros. Auctioneers by 178.8% during the first quarter. Alliancebernstein L.P. now owns 33,747 shares of the business services provider’s stock worth $1,110,000 after acquiring an additional 21,644 shares in the last quarter. FMR LLC bought a new stake in Ritchie Bros. Auctioneers during the first quarter worth $2,952,000. Vanguard Group Inc. raised its position in Ritchie Bros. Auctioneers by 4.5% during the first quarter. Vanguard Group Inc. now owns 1,729,541 shares of the business services provider’s stock worth $56,902,000 after acquiring an additional 74,151 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Ritchie Bros. Auctioneers by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 103,194 shares of the business services provider’s stock worth $3,395,000 after acquiring an additional 1,515 shares in the last quarter. 93.94% of the stock is currently owned by hedge funds and other institutional investors.

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In other Ritchie Bros. Auctioneers news, CFO Sharon Ruth Driscoll purchased 1,375 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were acquired at an average cost of $29.77 per share, for a total transaction of $40,933.75. Following the completion of the purchase, the chief financial officer now owns 1,000 shares of the company’s stock, valued at approximately $29,770. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.39% of the company’s stock.

Several research firms have issued reports on RBA. BidaskClub lowered shares of Ritchie Bros. Auctioneers from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Raymond James Financial, Inc. dropped their price objective on shares of Ritchie Bros. Auctioneers from $29.50 to $29.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 10th. Zacks Investment Research lowered shares of Ritchie Bros. Auctioneers from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. TD Securities dropped their price objective on shares of Ritchie Bros. Auctioneers from $25.00 to $23.00 and set a “reduce” rating on the stock in a research report on Tuesday, October 10th. Finally, Scotiabank increased their price objective on shares of Ritchie Bros. Auctioneers from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $30.67.

Ritchie Bros. Auctioneers Incorporated (RBA) traded down $2.24 during mid-day trading on Friday, hitting $25.96. 546,523 shares of the company traded hands, compared to its average volume of 632,373. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.24 and a quick ratio of 1.18. Ritchie Bros. Auctioneers Incorporated has a fifty-two week low of $25.52 and a fifty-two week high of $39.96. The firm has a market capitalization of $3,015.98, a P/E ratio of 29.64, a PEG ratio of 3.26 and a beta of 0.66.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last released its quarterly earnings results on Thursday, November 9th. The business services provider reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.05). Ritchie Bros. Auctioneers had a net margin of 8.96% and a return on equity of 14.72%. The business had revenue of $141.05 million during the quarter, compared to analyst estimates of $139.96 million. During the same quarter last year, the company posted $0.20 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. equities research analysts anticipate that Ritchie Bros. Auctioneers Incorporated will post 0.91 earnings per share for the current fiscal year.

Ritchie Bros. Auctioneers 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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