Ritchie Bros. Auctioneers Incorporated (RBA) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) by 4.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 107,326 shares of the business services provider’s stock after purchasing an additional 4,132 shares during the quarter. Dimensional Fund Advisors LP owned 0.10% of Ritchie Bros. Auctioneers worth $3,085,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Virtu KCG Holdings LLC acquired a new stake in Ritchie Bros. Auctioneers during the 2nd quarter worth about $629,000. Parametric Portfolio Associates LLC lifted its holdings in shares of Ritchie Bros. Auctioneers by 7.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 57,105 shares of the business services provider’s stock valued at $1,641,000 after buying an additional 4,039 shares during the last quarter. Sapience Investments LLC acquired a new stake in shares of Ritchie Bros. Auctioneers during the 2nd quarter valued at about $8,644,000. Advisor Group Inc. lifted its holdings in shares of Ritchie Bros. Auctioneers by 13.2% during the 2nd quarter. Advisor Group Inc. now owns 9,780 shares of the business services provider’s stock valued at $278,000 after buying an additional 1,140 shares during the last quarter. Finally, Suntrust Banks Inc. lifted its holdings in shares of Ritchie Bros. Auctioneers by 7.6% during the 2nd quarter. Suntrust Banks Inc. now owns 12,002 shares of the business services provider’s stock valued at $344,000 after buying an additional 843 shares during the last quarter. Institutional investors and hedge funds own 98.88% of the company’s stock.

In other news, CFO Sharon Ruth Driscoll acquired 1,375 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were bought at an average price of $29.77 per share, with a total value of $40,933.75. Following the acquisition, the chief financial officer now directly owns 1,000 shares in the company, valued at approximately $29,770. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.39% of the company’s stock.

Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) traded down $0.16 during trading hours on Wednesday, reaching $26.93. The company’s stock had a trading volume of 955,800 shares, compared to its average volume of 661,410. The company has a market capitalization of $2,903.64, a price-to-earnings ratio of 32.25, a price-to-earnings-growth ratio of 3.36 and a beta of 0.64. The company has a quick ratio of 1.11, a current ratio of 1.20 and a debt-to-equity ratio of 1.11. Ritchie Bros. Auctioneers Incorporated has a 12-month low of $24.08 and a 12-month high of $39.96.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last announced its earnings results on Thursday, November 9th. The business services provider reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.05). Ritchie Bros. Auctioneers had a return on equity of 13.04% and a net margin of 11.43%. The firm had revenue of $141.05 million for the quarter, compared to the consensus estimate of $139.96 million. During the same quarter last year, the business posted $0.20 EPS. Ritchie Bros. Auctioneers’s revenue for the quarter was up 9.4% on a year-over-year basis. equities research analysts forecast that Ritchie Bros. Auctioneers Incorporated will post 0.85 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 29th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Tuesday, November 28th. Ritchie Bros. Auctioneers’s dividend payout ratio is presently 111.48%.

A number of research analysts recently weighed in on the company. National Bank Financial raised Ritchie Bros. Auctioneers from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $28.00 to $30.50 in a research note on Monday, November 20th. Bank of America dropped their price target on Ritchie Bros. Auctioneers from $22.50 to $21.50 and set an “underperform” rating on the stock in a research report on Thursday, November 16th. TD Securities dropped their price target on Ritchie Bros. Auctioneers from $23.00 to $22.00 and set a “reduce” rating on the stock in a research report on Monday, November 13th. Raymond James Financial dropped their price target on Ritchie Bros. Auctioneers from $29.00 to $26.50 and set a “market perform” rating on the stock in a research report on Monday, November 13th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Ritchie Bros. Auctioneers in a research note on Monday, November 13th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. Ritchie Bros. Auctioneers presently has a consensus rating of “Hold” and a consensus target price of $29.45.

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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.

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

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