Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) has been assigned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $50.33.

Several brokerages recently weighed in on RBA. TD Securities raised their target price on shares of Ritchie Bros. Auctioneers from $46.00 to $56.00 and gave the company a “hold” rating in a report on Monday, August 10th. Zacks Investment Research raised shares of Ritchie Bros. Auctioneers from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Saturday, August 8th. National Bank Financial raised their target price on shares of Ritchie Bros. Auctioneers from $37.00 to $44.00 and gave the company an “underperform” rating in a report on Monday, August 10th. Raymond James raised their target price on shares of Ritchie Bros. Auctioneers from $44.00 to $53.00 and gave the company a “market perform” rating in a report on Monday, August 10th. Finally, Barrington Research cut shares of Ritchie Bros. Auctioneers from an “outperform” rating to a “market perform” rating in a report on Friday, August 21st.

NYSE RBA opened at $57.69 on Friday. The stock has a market capitalization of $6.27 billion, a P/E ratio of 41.21, a PEG ratio of 5.49 and a beta of 1.11. Ritchie Bros. Auctioneers has a 12 month low of $25.92 and a 12 month high of $64.17. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.25 and a quick ratio of 1.17. The firm’s 50-day moving average is $56.51 and its two-hundred day moving average is $43.96.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.18. The business had revenue of $389.05 million for the quarter, compared to analysts’ expectations of $344.20 million. Ritchie Bros. Auctioneers had a net margin of 11.89% and a return on equity of 17.77%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 earnings per share. As a group, analysts anticipate that Ritchie Bros. Auctioneers will post 1.49 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 26th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, August 25th. This is a positive change from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.53%. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is 66.17%.

In related news, insider Darren Jeffrey Watt sold 4,599 shares of Ritchie Bros. Auctioneers stock in a transaction on Monday, August 17th. The shares were sold at an average price of $64.00, for a total value of $294,336.00. Following the transaction, the insider now directly owns 5,373 shares in the company, valued at approximately $343,872. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider James J. Jeter sold 4,234 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $62.03, for a total value of $262,635.02. Following the completion of the sale, the insider now directly owns 1,514 shares of the company’s stock, valued at approximately $93,913.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,283 shares of company stock worth $1,756,789. 0.83% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in RBA. Royal Bank of Canada lifted its holdings in Ritchie Bros. Auctioneers by 78.0% in the first quarter. Royal Bank of Canada now owns 1,363,268 shares of the business services provider’s stock valued at $46,595,000 after acquiring an additional 597,557 shares during the period. William Blair Investment Management LLC raised its stake in shares of Ritchie Bros. Auctioneers by 14.7% during the 2nd quarter. William Blair Investment Management LLC now owns 4,291,168 shares of the business services provider’s stock worth $175,294,000 after buying an additional 550,896 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Ritchie Bros. Auctioneers by 66.8% during the 1st quarter. Deutsche Bank AG now owns 939,643 shares of the business services provider’s stock worth $32,117,000 after buying an additional 376,341 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Ritchie Bros. Auctioneers during the 2nd quarter worth about $15,015,000. Finally, ArrowMark Colorado Holdings LLC increased its position in Ritchie Bros. Auctioneers by 9.2% during the 1st quarter. ArrowMark Colorado Holdings LLC now owns 4,281,328 shares of the business services provider’s stock worth $146,336,000 after purchasing an additional 360,633 shares in the last quarter. 84.43% of the stock is owned by institutional investors.

Ritchie Bros. Auctioneers Company Profile

Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved live on site auctions, online marketplaces, listing services, and private brokerage services. The company sells a range of used and unused equipment, including earthmoving equipment, truck trailers, government surplus, oil and gas equipment, and other industrial assets, as well as construction and heavy machinery.

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Analyst Recommendations for Ritchie Bros. Auctioneers (NYSE:RBA)

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