Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 526,625 shares of the business services provider’s stock, valued at approximately $31,203,000. Vaughan Nelson Investment Management L.P. owned about 0.48% of Ritchie Bros. Auctioneers as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. ArrowMark Colorado Holdings LLC lifted its position in Ritchie Bros. Auctioneers by 6.9% in the second quarter. ArrowMark Colorado Holdings LLC now owns 4,578,480 shares of the business services provider’s stock valued at $187,031,000 after buying an additional 297,152 shares during the last quarter. William Blair Investment Management LLC raised its holdings in shares of Ritchie Bros. Auctioneers by 14.7% in the 2nd quarter. William Blair Investment Management LLC now owns 4,291,168 shares of the business services provider’s stock worth $175,294,000 after buying an additional 550,896 shares in the last quarter. Riverbridge Partners LLC raised its stake in Ritchie Bros. Auctioneers by 1.6% during the third quarter. Riverbridge Partners LLC now owns 3,565,424 shares of the business services provider’s stock worth $211,251,000 after acquiring an additional 56,883 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Ritchie Bros. Auctioneers by 5.9% in the 2nd quarter. Bank of Montreal Can now owns 2,371,187 shares of the business services provider’s stock valued at $97,859,000 after purchasing an additional 132,777 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Ritchie Bros. Auctioneers by 3.4% in the 2nd quarter. Bank of America Corp DE now owns 1,384,266 shares of the business services provider’s stock worth $56,547,000 after purchasing an additional 45,111 shares during the last quarter. Institutional investors own 84.43% of the company’s stock.
Several brokerages have weighed in on RBA. Barrington Research cut shares of Ritchie Bros. Auctioneers from an “outperform” rating to a “market perform” rating in a research note on Friday, August 21st. Raymond James upped their price target on shares of Ritchie Bros. Auctioneers from $53.00 to $75.00 and gave the stock a “market perform” rating in a research report on Monday, November 9th. TD Securities raised their price objective on shares of Ritchie Bros. Auctioneers from $56.00 to $65.00 and gave the company a “hold” rating in a research report on Friday, October 16th. Scotiabank reaffirmed a “buy” rating and issued a $80.00 target price on shares of Ritchie Bros. Auctioneers in a research note on Wednesday, November 11th. Finally, Zacks Investment Research raised shares of Ritchie Bros. Auctioneers from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Saturday, August 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Ritchie Bros. Auctioneers presently has an average rating of “Hold” and an average target price of $59.56.
NYSE:RBA opened at $63.13 on Tuesday. Ritchie Bros. Auctioneers Incorporated has a twelve month low of $25.92 and a twelve month high of $78.64. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of 45.09, a price-to-earnings-growth ratio of 5.90 and a beta of 1.08. The company has a quick ratio of 1.17, a current ratio of 1.25 and a debt-to-equity ratio of 0.68. The stock’s 50 day moving average price is $63.51 and its two-hundred day moving average price is $51.78.
Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings results on Thursday, November 5th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.14. The firm had revenue of $331.54 million for the quarter, compared to analyst estimates of $305.71 million. Ritchie Bros. Auctioneers had a net margin of 11.89% and a return on equity of 17.77%. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 earnings per share. As a group, analysts anticipate that Ritchie Bros. Auctioneers Incorporated will post 1.51 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Wednesday, November 25th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Tuesday, November 24th. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is presently 66.17%.
In other news, Director Christopher Zimmerman sold 6,126 shares of Ritchie Bros. Auctioneers stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $68.18, for a total transaction of $417,670.68. Following the transaction, the director now owns 730 shares in the company, valued at $49,771.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Matthew Ackley sold 2,450 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $63.44, for a total transaction of $155,428.00. Following the completion of the sale, the chief marketing officer now directly owns 4,157 shares in the company, valued at approximately $263,720.08. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by company insiders.
Ritchie Bros. Auctioneers Profile
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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