Stephens Inc. AR raised its position in Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) by 33.8% in the 4th quarter, HoldingsChannel reports. The fund owned 11,001 shares of the business services provider’s stock after acquiring an additional 2,776 shares during the quarter. Stephens Inc. AR’s holdings in Ritchie Bros. Auctioneers were worth $329,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in RBA. Northern Trust Corp boosted its stake in Ritchie Bros. Auctioneers by 38.6% in the second quarter. Northern Trust Corp now owns 226,779 shares of the business services provider’s stock valued at $6,517,000 after acquiring an additional 63,209 shares in the last quarter. Vanguard Group Inc. boosted its stake in Ritchie Bros. Auctioneers by 24.1% in the second quarter. Vanguard Group Inc. now owns 2,146,933 shares of the business services provider’s stock valued at $61,703,000 after acquiring an additional 417,392 shares in the last quarter. FMR LLC boosted its stake in Ritchie Bros. Auctioneers by 280.3% in the second quarter. FMR LLC now owns 341,000 shares of the business services provider’s stock valued at $9,798,000 after acquiring an additional 251,323 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Ritchie Bros. Auctioneers by 7.6% in the second quarter. Parametric Portfolio Associates LLC now owns 57,105 shares of the business services provider’s stock valued at $1,641,000 after acquiring an additional 4,039 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Ritchie Bros. Auctioneers by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 107,326 shares of the business services provider’s stock valued at $3,085,000 after acquiring an additional 4,132 shares in the last quarter. Institutional investors own 97.56% of the company’s stock.

In other news, insider Karl William Werner sold 5,400 shares of Ritchie Bros. Auctioneers stock in a transaction on Friday, December 8th. The shares were 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 directly owns 5,400 shares in the company, valued at $154,872. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.39% of the company’s stock.

Shares of Ritchie Bros. Auctioneers Inc (RBA) opened at $31.42 on Wednesday. Ritchie Bros. Auctioneers Inc has a one year low of $24.08 and a one year high of $35.21. The company has a current ratio of 1.20, a quick ratio of 1.11 and a debt-to-equity ratio of 1.11. The company has a market cap of $3,314.16, a price-to-earnings ratio of 36.81, a PEG ratio of 3.25 and a beta of 0.66.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 16th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.68 annualized dividend and a dividend yield of 2.16%. Ritchie Bros. Auctioneers’s payout ratio is currently 111.48%.

Several equities research analysts have weighed in on the stock. Bank of America raised their target price on shares of Ritchie Bros. Auctioneers from $21.50 to $30.00 and gave the company an “underperform” rating in a research note on Thursday, February 1st. OTR Global upgraded shares of Ritchie Bros. Auctioneers from a “reduce” rating to a “neutral” rating in a research note on Thursday, February 1st. Jefferies Group restated a “hold” rating and issued a $30.00 target price on shares of Ritchie Bros. Auctioneers in a research note on Thursday, January 18th. Scotiabank raised their target price on shares of Ritchie Bros. Auctioneers from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, January 10th. Finally, TD Securities raised their target price on shares of Ritchie Bros. Auctioneers from $22.00 to $25.00 and gave the company a “reduce” rating in a research note on Wednesday, January 10th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $31.39.

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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.

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

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