Karl William Werner Sells 7,664 Shares of Ritchie Bros. Auctioneers Inc (TSE:RBA) Stock

Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) insider Karl William Werner sold 7,664 shares of the business’s stock in a transaction dated Tuesday, May 22nd. The stock was sold at an average price of C$33.03, for a total value of C$253,141.92.

Ritchie Bros. Auctioneers traded down C$0.16, hitting C$46.16, during mid-day trading on Friday, according to Marketbeat Ratings. 143,500 shares of the stock were exchanged, compared to its average volume of 169,739. Ritchie Bros. Auctioneers Inc has a 1-year low of C$30.63 and a 1-year high of C$46.73.

Ritchie Bros. Auctioneers (TSE:RBA) (NYSE:RBA) last released its quarterly earnings results on Thursday, May 10th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.02). Ritchie Bros. Auctioneers had a return on equity of 14.87% and a net margin of 15.12%. The firm had revenue of C$328.90 million for the quarter, compared to analysts’ expectations of C$190.16 million.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 20th. Stockholders of record on Wednesday, May 30th will be issued a $0.218 dividend. This is a boost from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.21. This represents a $0.87 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Tuesday, May 29th.

Separately, National Bank Financial cut Ritchie Bros. Auctioneers from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research report on Friday, May 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$34.90.

About Ritchie Bros. Auctioneers

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. 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.

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