GW&K Investment Management LLC decreased its position in Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,722,345 shares of the business services provider’s stock after selling 107,815 shares during the period. Ritchie Bros. Auctioneers accounts for about 0.9% of GW&K Investment Management LLC’s investment portfolio, making the stock its 24th biggest position. GW&K Investment Management LLC’s holdings in Ritchie Bros. Auctioneers were worth $51,550,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Zions Bancorporation purchased a new stake in shares of Ritchie Bros. Auctioneers in the third quarter valued at approximately $127,000. ETRADE Capital Management LLC purchased a new stake in shares of Ritchie Bros. Auctioneers in the third quarter valued at approximately $218,000. Stephens Inc. AR boosted its holdings in shares of Ritchie Bros. Auctioneers by 8.4% in the second quarter. Stephens Inc. AR now owns 8,296 shares of the business services provider’s stock valued at $238,000 after purchasing an additional 642 shares during the period. Advisor Group Inc. boosted its holdings in shares of Ritchie Bros. Auctioneers by 13.2% in the second quarter. Advisor Group Inc. now owns 9,780 shares of the business services provider’s stock valued at $278,000 after purchasing an additional 1,140 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Ritchie Bros. Auctioneers in the third quarter valued at approximately $287,000. Hedge funds and other institutional investors own 96.61% of the company’s stock.

Ritchie Bros. Auctioneers Inc (NYSE RBA) traded down $0.22 during trading on Friday, reaching $31.41. The company’s stock had a trading volume of 735,739 shares, compared to its average volume of 560,254. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.11 and a current ratio of 1.20. The stock has a market capitalization of $3,457.78, a price-to-earnings ratio of 51.49, a P/E/G ratio of 3.47 and a beta of 0.63. Ritchie Bros. Auctioneers Inc has a one year low of $24.08 and a one year high of $35.21.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last posted its earnings results on Thursday, November 9th. The business services provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.05). The company had revenue of $141.05 million for the quarter, compared to analysts’ expectations of $139.96 million. Ritchie Bros. Auctioneers had a return on equity of 13.04% and a net margin of 11.43%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 EPS. research analysts anticipate that Ritchie Bros. Auctioneers Inc will post 0.86 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 29th were issued a dividend of $0.17 per share. The ex-dividend date was Tuesday, November 28th. This represents a $0.68 dividend on an annualized basis and a yield of 2.16%. Ritchie Bros. Auctioneers’s dividend payout ratio is currently 111.48%.

A number of analysts recently issued reports on the company. TD Securities boosted their price target on Ritchie Bros. Auctioneers from $22.00 to $25.00 and gave the company a “reduce” rating in a report on Wednesday, January 10th. National Bank Financial boosted their price target on Ritchie Bros. Auctioneers from $30.50 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, January 10th. Scotiabank boosted their price target on Ritchie Bros. Auctioneers from $29.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, January 10th. Jefferies Group reiterated a “hold” rating and issued a $30.00 price target on shares of Ritchie Bros. Auctioneers in a report on Thursday. Finally, Raymond James Financial lowered their price target on Ritchie Bros. Auctioneers from $29.50 to $29.00 and set a “market perform” rating for the company in a report on Tuesday, October 10th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $30.44.

In other Ritchie Bros. Auctioneers news, insider Karl William Werner sold 5,400 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $28.68, for a total transaction of $154,872.00. Following the completion of the sale, the insider now owns 5,400 shares in the company, valued at $154,872. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.39% of the stock is owned by corporate insiders.

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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.

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

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