Denver Investment Advisors LLC increased its position in shares of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) by 6.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,618 shares of the business services provider’s stock after buying an additional 1,000 shares during the period. Denver Investment Advisors LLC’s holdings in Ritchie Bros. Auctioneers were worth $449,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in Ritchie Bros. Auctioneers by 14.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 101,679 shares of the business services provider’s stock worth $3,457,000 after buying an additional 13,004 shares during the period. Diversified Trust Co bought a new position in Ritchie Bros. Auctioneers during the first quarter worth approximately $290,000. Granite Investment Partners LLC increased its position in Ritchie Bros. Auctioneers by 88.5% in the first quarter. Granite Investment Partners LLC now owns 55,499 shares of the business services provider’s stock worth $1,826,000 after buying an additional 26,063 shares during the period. Mondrian Investment Partners LTD increased its position in Ritchie Bros. Auctioneers by 15.5% in the first quarter. Mondrian Investment Partners LTD now owns 2,209,890 shares of the business services provider’s stock worth $96,727,000 after buying an additional 296,609 shares during the period. Finally, KAMES CAPITAL plc bought a new position in Ritchie Bros. Auctioneers during the first quarter worth approximately $25,500,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.
Ritchie Bros. Auctioneers Incorporated (NYSE RBA) opened at 28.42 on Friday. The company has a market capitalization of $3.04 billion, a P/E ratio of 61.52 and a beta of 0.55. Ritchie Bros. Auctioneers Incorporated has a 52-week low of $26.68 and a 52-week high of $39.96. The stock has a 50 day moving average of $28.11 and a 200-day moving average of $30.65.
Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The firm had revenue of $166.20 million for the quarter, compared to analyst estimates of $161.85 million. Ritchie Bros. Auctioneers had a net margin of 8.96% and a return on equity of 14.72%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 EPS. On average, equities analysts forecast that Ritchie Bros. Auctioneers Incorporated will post $1.02 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.39%. The ex-dividend date is Wednesday, August 23rd. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is presently 144.68%.
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A number of research analysts have commented on RBA shares. Royal Bank Of Canada set a $41.00 price objective on shares of Ritchie Bros. Auctioneers and gave the company a “buy” rating in a research note on Saturday, April 22nd. William Blair reiterated an “outperform” rating on shares of Ritchie Bros. Auctioneers in a research note on Monday, April 24th. Jefferies Group LLC reiterated a “hold” rating and set a $29.00 price objective on shares of Ritchie Bros. Auctioneers in a research note on Friday, May 5th. Scotiabank reduced their price objective on shares of Ritchie Bros. Auctioneers from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Monday, May 8th. Finally, TD Securities restated a “sell” rating on shares of Ritchie Bros. Auctioneers in a research report on Tuesday, May 9th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Ritchie Bros. Auctioneers presently has an average rating of “Hold” and a consensus price target of $33.42.
About Ritchie Bros. Auctioneers
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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