Blair William & Co. IL Increases Holdings in Ritchie Bros. Auctioneers Incorporated (NYSE:RBA)

Blair William & Co. IL increased its stake in shares of Ritchie Bros. Auctioneers Incorporated (NYSE:RBAGet Rating) (TSE:RBA) by 3.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 663,879 shares of the business services provider’s stock after purchasing an additional 22,313 shares during the period. Blair William & Co. IL owned 0.60% of Ritchie Bros. Auctioneers worth $40,636,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. IFP Advisors Inc grew its position in shares of Ritchie Bros. Auctioneers by 5.0% during the 4th quarter. IFP Advisors Inc now owns 3,492 shares of the business services provider’s stock valued at $227,000 after purchasing an additional 167 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Ritchie Bros. Auctioneers by 13.9% in the 4th quarter. Signaturefd LLC now owns 1,423 shares of the business services provider’s stock valued at $87,000 after acquiring an additional 174 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Ritchie Bros. Auctioneers by 4.2% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 4,793 shares of the business services provider’s stock valued at $296,000 after acquiring an additional 193 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Ritchie Bros. Auctioneers by 14.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,669 shares of the business services provider’s stock valued at $102,000 after acquiring an additional 208 shares during the last quarter. Finally, Raymond James & Associates increased its position in shares of Ritchie Bros. Auctioneers by 0.3% in the fourth quarter. Raymond James & Associates now owns 96,005 shares of the business services provider’s stock worth $5,883,000 after purchasing an additional 298 shares during the last quarter. Institutional investors and hedge funds own 81.62% of the company’s stock.

In other news, CEO Ann Fandozzi bought 9,560 shares of Ritchie Bros. Auctioneers stock in a transaction on Monday, February 28th. The shares were purchased at an average price of $52.25 per share, for a total transaction of $499,510.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.71% of the company’s stock.

RBA has been the subject of a number of research reports. Raymond James set a $55.00 price target on shares of Ritchie Bros. Auctioneers and gave the stock a “market perform” rating in a research note on Thursday, May 12th. National Bank Financial lowered their price target on Ritchie Bros. Auctioneers from $68.00 to $55.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 22nd. Zacks Investment Research raised Ritchie Bros. Auctioneers from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 11th. TD Securities increased their target price on shares of Ritchie Bros. Auctioneers from $55.00 to $58.00 and gave the company a “hold” rating in a report on Thursday, May 12th. Finally, National Bankshares lowered their price target on shares of Ritchie Bros. Auctioneers from $68.00 to $55.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $60.14.

NYSE:RBA traded down $0.02 during mid-day trading on Wednesday, reaching $59.26. 92,129 shares of the company’s stock traded hands, compared to its average volume of 490,946. The company has a 50 day moving average price of $57.73 and a 200-day moving average price of $60.64. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 5.07 and a beta of 1.12. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.21 and a quick ratio of 1.12. Ritchie Bros. Auctioneers Incorporated has a 12-month low of $48.65 and a 12-month high of $76.18.

Ritchie Bros. Auctioneers (NYSE:RBAGet Rating) (TSE:RBA) last posted its earnings results on Monday, May 9th. The business services provider reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $1.43. The firm had revenue of $393.92 million for the quarter, compared to analysts’ expectations of $344.15 million. Ritchie Bros. Auctioneers had a return on equity of 28.84% and a net margin of 20.40%. The business’s revenue was up 18.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 earnings per share. As a group, analysts forecast that Ritchie Bros. Auctioneers Incorporated will post 1.71 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 17th. Investors of record on Friday, May 27th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, May 26th. Ritchie Bros. Auctioneers’s payout ratio is currently 36.90%.

Ritchie Bros. Auctioneers Company Profile (Get Rating)

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

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

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