1st Global Advisors Inc. boosted its position in Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) by 9.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,345 shares of the business services provider’s stock after buying an additional 895 shares during the quarter. 1st Global Advisors Inc.’s holdings in Ritchie Bros. Auctioneers were worth $297,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of RBA. Comerica Bank grew its stake in Ritchie Bros. Auctioneers by 0.7% in the 1st quarter. Comerica Bank now owns 6,737 shares of the business services provider’s stock valued at $221,000 after buying an additional 44 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in Ritchie Bros. Auctioneers by 16.2% in the 1st quarter. Parametric Portfolio Associates LLC now owns 53,066 shares of the business services provider’s stock valued at $1,746,000 after buying an additional 7,406 shares during the last quarter. Alliancebernstein L.P. grew its stake in Ritchie Bros. Auctioneers by 178.8% in the 1st quarter. Alliancebernstein L.P. now owns 33,747 shares of the business services provider’s stock valued at $1,110,000 after buying an additional 21,644 shares during the last quarter. FMR LLC acquired a new position in Ritchie Bros. Auctioneers in the 1st quarter valued at $2,952,000. Finally, PNC Financial Services Group Inc. grew its stake in Ritchie Bros. Auctioneers by 6.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 25,910 shares of the business services provider’s stock valued at $852,000 after buying an additional 1,519 shares during the last quarter. Institutional investors and hedge funds own 96.17% of the company’s stock.

A number of research analysts recently issued reports on the stock. Scotiabank lowered their target price on shares of Ritchie Bros. Auctioneers from $39.00 to $32.00 and set an “outperform” rating on the stock in a research note on Monday, July 10th. BidaskClub lowered shares of Ritchie Bros. Auctioneers from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Raymond James Financial, Inc. lowered their target price on shares of Ritchie Bros. Auctioneers from $29.50 to $29.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 10th. Zacks Investment Research lowered shares of Ritchie Bros. Auctioneers from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Finally, TD Securities lowered their target price on shares of Ritchie Bros. Auctioneers from $25.00 to $23.00 and set a “reduce” rating on the stock in a research note on Tuesday, October 10th. Four 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 has a consensus rating of “Hold” and an average price target of $30.67.

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Shares of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) opened at 28.29 on Thursday. The company has a market capitalization of $3.03 billion, a P/E ratio of 61.63 and a beta of 0.57. Ritchie Bros. Auctioneers Incorporated has a one year low of $26.68 and a one year high of $39.96. The firm has a 50-day moving average of $29.91 and a 200-day moving average of $29.90.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last issued its earnings results on Tuesday, August 8th. The business services provider reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. The business had revenue of $166.20 million for the quarter, compared to the consensus estimate of $161.85 million. Ritchie Bros. Auctioneers had a net margin of 8.96% and a return on equity of 14.72%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.37 earnings per share. Equities research analysts expect that Ritchie Bros. Auctioneers Incorporated will post $0.83 EPS for the current fiscal year.

In related news, CFO Sharon Ruth Driscoll acquired 1,375 shares of the firm’s stock in a transaction 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 completion of the acquisition, the chief financial officer now directly owns 1,000 shares in the company, valued at $29,770. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.39% of the stock is owned by insiders.

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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