Dynamic Technology Lab Private Ltd Invests $287,000 in Ritchie Bros. Auctioneers Incorporated (RBA)

Dynamic Technology Lab Private Ltd acquired a new stake in Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,110 shares of the business services provider’s stock, valued at approximately $287,000.

Several other institutional investors and hedge funds also recently modified their holdings of RBA. Lloyds Banking Group plc increased its position in 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 worth $128,000 after acquiring an additional 1,656 shares during the period. First Bank & Trust increased its position in Ritchie Bros. Auctioneers by 3.8% during the second quarter. First Bank & Trust now owns 5,387 shares of the business services provider’s stock worth $155,000 after acquiring an additional 196 shares during the period. Forward Management LLC increased its position in Ritchie Bros. Auctioneers by 11.0% during the second quarter. Forward Management LLC now owns 6,137 shares of the business services provider’s stock worth $176,000 after acquiring an additional 609 shares during the period. Tower Research Capital LLC TRC increased its position in Ritchie Bros. Auctioneers by 338.0% during the second quarter. Tower Research Capital LLC TRC now owns 8,108 shares of the business services provider’s stock worth $303,000 after acquiring an additional 6,257 shares during the period. Finally, Stephens Inc. AR increased its position in 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 acquiring an additional 642 shares during the period. 98.88% of the stock is currently owned by institutional investors.

In related news, CFO Sharon Ruth Driscoll purchased 1,375 shares of Ritchie Bros. Auctioneers stock in a transaction dated Thursday, September 7th. The shares were bought at an average cost of $29.77 per share, for a total transaction of $40,933.75. Following the purchase, the chief financial officer now 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 can be accessed through this link. Company insiders own 0.39% of the company’s stock.

Ritchie Bros. Auctioneers Incorporated (NYSE RBA) traded up $1.21 during mid-day trading on Tuesday, reaching $27.09. 1,120,200 shares of the company’s stock traded hands, compared to its average volume of 660,146. The company has a current ratio of 1.20, a quick ratio of 1.11 and a debt-to-equity ratio of 1.11. Ritchie Bros. Auctioneers Incorporated has a 52-week low of $24.08 and a 52-week high of $39.96. The company has a market cap of $2,773.95, a price-to-earnings ratio of 30.81, a P/E/G ratio of 3.21 and a beta of 0.64.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last released its earnings results on Thursday, November 9th. The business services provider reported $0.09 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 firm had revenue of $141.05 million during the quarter, compared to the consensus estimate of $139.96 million. During the same period in the prior year, the business earned $0.20 earnings per share. Ritchie Bros. Auctioneers’s quarterly revenue was up 9.4% compared to the same quarter last year. equities research analysts forecast that Ritchie Bros. Auctioneers Incorporated will post 0.85 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 29th will be paid a $0.17 dividend. The ex-dividend date is Tuesday, November 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.51%. Ritchie Bros. Auctioneers’s payout ratio is currently 111.48%.

RBA has been the topic of a number of recent research reports. Scotiabank set a $34.00 price target on shares of Ritchie Bros. Auctioneers and gave the stock an “outperform” rating in a research report on Tuesday, September 12th. Zacks Investment Research raised shares of Ritchie Bros. Auctioneers from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. National Bank Financial decreased 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 report on Wednesday, August 9th. TD Securities decreased their target price 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 issued a $33.00 target price on shares of Ritchie Bros. Auctioneers in a report on Tuesday, September 12th. Four analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average 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.

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

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