Barrington Research reissued their hold rating on shares of Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) in a research note released on Friday, AnalystRatings.com reports.
RBA has been the topic of several other research reports. Bank of America boosted their price target on Ritchie Bros. Auctioneers from $32.00 to $33.50 and gave the company an underperform rating in a research report on Friday, August 9th. TD Securities boosted their target price on Ritchie Bros. Auctioneers from $28.00 to $29.00 and gave the stock a reduce rating in a research report on Monday, August 12th. ValuEngine cut Ritchie Bros. Auctioneers from a buy rating to a hold rating in a research report on Wednesday, October 2nd. Robert W. Baird boosted their target price on Ritchie Bros. Auctioneers from $38.00 to $40.00 and gave the stock an outperform rating in a research report on Monday, August 12th. Finally, OTR Global upgraded Ritchie Bros. Auctioneers to a positive rating in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $36.25.
RBA stock traded down $0.38 during trading on Friday, hitting $41.28. The company had a trading volume of 1,072,627 shares, compared to its average volume of 346,689. The firm has a market cap of $4.39 billion, a PE ratio of 38.22, a price-to-earnings-growth ratio of 4.67 and a beta of 0.69. Ritchie Bros. Auctioneers has a 1-year low of $30.76 and a 1-year high of $42.97. The firm has a 50-day moving average price of $39.84 and a 200-day moving average price of $36.72. The company has a quick ratio of 1.12, a current ratio of 1.24 and a debt-to-equity ratio of 0.82.
Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The firm had revenue of $289.80 million for the quarter, compared to analysts’ expectations of $289.55 million. Ritchie Bros. Auctioneers had a return on equity of 15.27% and a net margin of 10.08%. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 EPS. Sell-side analysts anticipate that Ritchie Bros. Auctioneers will post 1.27 earnings per share for the current year.
In other news, insider Todd Donald Wohler sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $39.80, for a total transaction of $79,600.00. Following the sale, the insider now owns 11,919 shares of the company’s stock, valued at approximately $474,376.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Darren Jeffrey Watt sold 2,279 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $39.33, for a total value of $89,633.07. Following the sale, the insider now directly owns 5,626 shares in the company, valued at approximately $221,270.58. The disclosure for this sale can be found here. Insiders have sold a total of 8,709 shares of company stock worth $344,944 in the last quarter. 1.60% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in RBA. Quest Capital Management Inc. ADV purchased a new stake in shares of Ritchie Bros. Auctioneers during the 3rd quarter worth approximately $39,000. Arcadia Investment Management Corp MI boosted its stake in shares of Ritchie Bros. Auctioneers by 233.3% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 3,000 shares of the business services provider’s stock worth $100,000 after acquiring an additional 2,100 shares in the last quarter. NEXT Financial Group Inc boosted its stake in shares of Ritchie Bros. Auctioneers by 9.4% during the 2nd quarter. NEXT Financial Group Inc now owns 3,557 shares of the business services provider’s stock worth $118,000 after acquiring an additional 307 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Ritchie Bros. Auctioneers by 101.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,840 shares of the business services provider’s stock worth $153,000 after acquiring an additional 1,934 shares in the last quarter. Finally, Hengehold Capital Management LLC purchased a new stake in shares of Ritchie Bros. Auctioneers during the 3rd quarter worth approximately $212,000. 89.73% of the stock is currently owned by institutional investors and hedge funds.
About Ritchie Bros. Auctioneers
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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