Public Sector Pension Investment Board decreased its position in shares of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 706,200 shares of the company’s stock after selling 24,900 shares during the period. Public Sector Pension Investment Board owned 0.66% of Ritchie Bros. Auctioneers worth $23,987,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of RBA. Tower Research Capital LLC TRC increased its stake in shares of Ritchie Bros. Auctioneers by 2,145.5% in the third quarter. Tower Research Capital LLC TRC now owns 3,458 shares of the company’s stock worth $121,000 after buying an additional 3,304 shares during the last quarter. First Bank & Trust bought a new stake in shares of Ritchie Bros. Auctioneers during the fourth quarter worth $151,000. M&T Bank Corp bought a new stake in shares of Ritchie Bros. Auctioneers during the third quarter worth $204,000. Cantab Capital Partners LLP increased its stake in shares of Ritchie Bros. Auctioneers by 236.9% in the fourth quarter. Cantab Capital Partners LLP now owns 6,115 shares of the company’s stock worth $208,000 after buying an additional 4,300 shares during the last quarter. Finally, Comerica Bank increased its stake in shares of Ritchie Bros. Auctioneers by 10.9% in the fourth quarter. Comerica Bank now owns 6,693 shares of the company’s stock worth $220,000 after buying an additional 659 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors.

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

Shares of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) traded up 0.26% on Thursday, hitting $31.09. The stock had a trading volume of 588,903 shares. The firm’s 50-day moving average price is $32.54 and its 200 day moving average price is $34.10. The firm has a market cap of $3.32 billion, a PE ratio of 30.04 and a beta of 0.62. Ritchie Bros. Auctioneers Incorporated has a 52-week low of $21.97 and a 52-week high of $39.96.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 3rd. Investors of record on Friday, February 10th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, February 8th. This represents a $0.68 annualized dividend and a dividend yield of 2.19%. Ritchie Bros. Auctioneers’s dividend payout ratio is presently 66.67%.

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RBA has been the subject of several recent analyst reports. BMO Capital Markets reissued a “hold” rating and issued a $38.00 price target on shares of Ritchie Bros. Auctioneers in a report on Friday, November 11th. TD Securities reissued a “reduce” rating and issued a $33.00 price target on shares of Ritchie Bros. Auctioneers in a report on Wednesday, December 7th. Zacks Investment Research downgraded Ritchie Bros. Auctioneers from a “buy” rating to a “hold” rating in a report on Tuesday, November 22nd. Raymond James Financial, Inc. downgraded Ritchie Bros. Auctioneers from an “outperform” rating to a “mkt perform” rating in a report on Wednesday, December 28th. Finally, RBC Capital Markets reissued an “outperform” rating and issued a $59.00 price target on shares of Ritchie Bros. Auctioneers in a report on Friday, November 11th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $38.46.

In related news, VP Douglas William Olive sold 5,400 shares of the business’s stock in a transaction on Tuesday, December 6th. The stock was sold at an average price of $37.75, for a total value of $203,850.00. Following the sale, the vice president now owns 5,400 shares in the company, valued at approximately $203,850. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.67% of the stock is currently owned by insiders.

Ritchie Bros. Auctioneers Company Profile

Ritchie Bros. Auctioneers Inc is a Canada-based holding company. The Company is an auctioneer of industrial equipment. The Company is engaged in selling industrial equipment and other assets for the construction, agricultural, transportation, energy, mining, forestry, material handling, marine and real estate industries at its unreserved auctions and online marketplaces.

5 Day Chart for NYSE:RBA

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