Cambiar Investors LLC Buys Shares of 403,018 Ritchie Bros. Auctioneers Incorporated (RBA)

Cambiar Investors LLC bought a new position in Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 403,018 shares of the business services provider’s stock, valued at approximately $12,743,000. Cambiar Investors LLC owned approximately 0.38% of Ritchie Bros. Auctioneers at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Lloyds Banking Group plc boosted its stake in shares of Ritchie Bros. Auctioneers by 59.1% during the second quarter. Lloyds Banking Group plc now owns 4,456 shares of the business services provider’s stock valued at $128,000 after purchasing an additional 1,656 shares in the last quarter. First Bank & Trust raised its holdings in shares of Ritchie Bros. Auctioneers by 3.8% in the second quarter. First Bank & Trust now owns 5,387 shares of the business services provider’s stock worth $155,000 after buying an additional 196 shares during the last quarter. Forward Management LLC raised its holdings in shares of Ritchie Bros. Auctioneers by 11.0% in the second quarter. Forward Management LLC now owns 6,137 shares of the business services provider’s stock worth $176,000 after buying an additional 609 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Ritchie Bros. Auctioneers by 338.0% in the second quarter. Tower Research Capital LLC TRC now owns 8,108 shares of the business services provider’s stock worth $303,000 after buying an additional 6,257 shares during the last quarter. Finally, Stephens Inc. AR raised its holdings in shares of Ritchie Bros. Auctioneers by 8.4% during the second quarter. Stephens Inc. AR now owns 8,296 shares of the business services provider’s stock worth $238,000 after purchasing an additional 642 shares during the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.

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In other Ritchie Bros. Auctioneers news, CFO Sharon Ruth Driscoll purchased 1,375 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was purchased at an average price of $29.77 per share, for a total transaction of $40,933.75. Following the purchase, the chief financial officer now directly owns 1,000 shares in the company, valued at $29,770. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.39% of the stock is owned by corporate insiders.

Several research analysts recently issued reports on RBA shares. BidaskClub cut shares of Ritchie Bros. Auctioneers from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Royal Bank Of Canada set a $40.00 price objective on shares of Ritchie Bros. Auctioneers and gave the company a “buy” rating 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 for the company in a report on Wednesday, August 9th. National Bank Financial dropped their target price on shares of Ritchie Bros. Auctioneers from $31.50 to $30.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 9th. Finally, Scotiabank lifted their target price on shares of Ritchie Bros. Auctioneers from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $30.06.

Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) traded down $0.25 during midday trading on Tuesday, reaching $25.11. 1,857,400 shares of the company’s stock traded hands, compared to its average volume of 651,350. 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 $24.07 and a 12 month high of $39.96. The firm has a market cap of $2,718.21, a PE ratio of 30.19, a PEG ratio of 2.93 and a beta of 0.66.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last issued its earnings results on Thursday, November 9th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.05). Ritchie Bros. Auctioneers had a net margin of 11.43% and a return on equity of 13.04%. The company had revenue of $141.05 million during the quarter, compared to analyst estimates of $139.96 million. During the same quarter in the previous year, the company posted $0.20 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. sell-side analysts predict that Ritchie Bros. Auctioneers Incorporated will post 0.91 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, November 29th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Tuesday, November 28th. Ritchie Bros. Auctioneers’s dividend payout ratio is currently 111.48%.

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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