Parametric Portfolio Associates LLC Has $1.64 Million Position in Ritchie Bros. Auctioneers Incorporated (RBA)

Parametric Portfolio Associates LLC boosted its position in Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) by 7.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,105 shares of the business services provider’s stock after acquiring an additional 4,039 shares during the quarter. Parametric Portfolio Associates LLC owned 0.05% of Ritchie Bros. Auctioneers worth $1,641,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of RBA. Ameriprise Financial Inc. raised its holdings in Ritchie Bros. Auctioneers by 148.2% in the second quarter. Ameriprise Financial Inc. now owns 1,256,159 shares of the business services provider’s stock valued at $35,631,000 after acquiring an additional 750,038 shares in the last quarter. Riverbridge Partners LLC raised its holdings in Ritchie Bros. Auctioneers by 18.4% in the second quarter. Riverbridge Partners LLC now owns 3,640,160 shares of the business services provider’s stock valued at $104,618,000 after acquiring an additional 565,290 shares in the last quarter. Mondrian Investment Partners LTD raised its holdings in Ritchie Bros. Auctioneers by 25.3% in the second quarter. Mondrian Investment Partners LTD now owns 2,769,446 shares of the business services provider’s stock valued at $103,190,000 after acquiring an additional 559,556 shares in the last quarter. Marathon Asset Management LLP raised its holdings in Ritchie Bros. Auctioneers by 56.3% in the second quarter. Marathon Asset Management LLP now owns 1,159,522 shares of the business services provider’s stock valued at $33,264,000 after acquiring an additional 417,461 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Ritchie Bros. Auctioneers by 24.1% in the second quarter. Vanguard Group Inc. now owns 2,146,933 shares of the business services provider’s stock valued at $61,703,000 after acquiring an additional 417,392 shares in the last quarter. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Ritchie Bros. Auctioneers Incorporated (RBA) opened at $25.36 on Monday. The company has a current ratio of 1.20, a quick ratio of 1.11 and a debt-to-equity ratio of 1.11. The stock has a market cap of $2,718.21, a P/E ratio of 30.19, a PEG ratio of 2.93 and a beta of 0.66. Ritchie Bros. Auctioneers Incorporated has a 1 year low of $25.01 and a 1 year 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.05). The business had revenue of $141.05 million for the quarter, compared to analysts’ expectations of $139.96 million. Ritchie Bros. Auctioneers had a return on equity of 13.04% and a net margin of 11.43%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $0.20 earnings per share. research analysts predict that Ritchie Bros. Auctioneers Incorporated will post 0.91 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, November 29th will be given a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $0.68 dividend on an annualized basis and a yield of 2.68%. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is 111.48%.

Several analysts recently weighed in on RBA shares. Scotiabank set a $34.00 target price on shares of Ritchie Bros. Auctioneers and gave the company an “outperform” rating in a report on Tuesday, September 12th. Zacks Investment Research raised shares of Ritchie Bros. Auctioneers from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. National Bank Financial cut their price objective on shares of Ritchie Bros. Auctioneers from $31.50 to $30.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 9th. TD Securities cut their price objective on shares of Ritchie Bros. Auctioneers from $27.00 to $25.00 and set a “reduce” rating on the stock in a report on Wednesday, August 9th. Finally, Robert W. Baird reissued a “buy” rating and set a $33.00 price objective on shares of Ritchie Bros. Auctioneers in a report on Tuesday, September 12th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $30.67.

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

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Ritchie Bros. Auctioneers Company Profile

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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