GSA Capital Partners LLP purchased a new position in Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 43,993 shares of the business services provider’s stock, valued at approximately $1,589,000.

Other large investors also recently modified their holdings of the company. Cutler Group LP lifted its stake in Ritchie Bros. Auctioneers by 125.6% during the second quarter. Cutler Group LP now owns 4,688 shares of the business services provider’s stock valued at $159,000 after purchasing an additional 22,971 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Ritchie Bros. Auctioneers during the second quarter valued at approximately $207,000. Janney Montgomery Scott LLC acquired a new stake in Ritchie Bros. Auctioneers during the third quarter valued at approximately $210,000. We Are One Seven LLC acquired a new stake in Ritchie Bros. Auctioneers during the third quarter valued at approximately $216,000. Finally, Tower Research Capital LLC TRC lifted its stake in Ritchie Bros. Auctioneers by 197.6% during the second quarter. Tower Research Capital LLC TRC now owns 8,036 shares of the business services provider’s stock valued at $275,000 after purchasing an additional 5,336 shares during the last quarter. 91.10% of the stock is owned by institutional investors.

Several analysts recently commented on the stock. Royal Bank of Canada increased their target price on shares of Ritchie Bros. Auctioneers from $34.00 to $36.00 and gave the company a “sector perform” rating in a research note on Monday, August 13th. Zacks Investment Research raised shares of Ritchie Bros. Auctioneers from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Wednesday, August 29th. Barrington Research reissued a “hold” rating on shares of Ritchie Bros. Auctioneers in a research note on Monday, August 13th. TD Securities increased their target price on shares of Ritchie Bros. Auctioneers from $26.00 to $28.00 and gave the company a “reduce” rating in a research note on Monday, August 13th. Finally, Raymond James increased their target price on shares of Ritchie Bros. Auctioneers from $34.00 to $38.00 and gave the company a “market perform” rating in a research note on Monday, August 13th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $36.00.

Shares of RBA opened at $33.38 on Thursday. Ritchie Bros. Auctioneers Inc has a 12 month low of $26.76 and a 12 month high of $38.77. The firm has a market cap of $3.63 billion, a PE ratio of 41.21, a price-to-earnings-growth ratio of 2.30 and a beta of 0.77. The company has a current ratio of 1.28, a quick ratio of 1.12 and a debt-to-equity ratio of 0.90.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings results on Thursday, November 8th. The business services provider reported $0.18 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. Ritchie Bros. Auctioneers had a net margin of 12.36% and a return on equity of 14.15%. The company had revenue of $159.30 million for the quarter, compared to analyst estimates of $163.59 million. During the same quarter in the prior year, the business posted $0.09 EPS. Ritchie Bros. Auctioneers’s quarterly revenue was up 13.0% on a year-over-year basis. Equities research analysts forecast that Ritchie Bros. Auctioneers Inc will post 1.11 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Wednesday, November 28th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $0.72 annualized dividend and a dividend yield of 2.16%. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is 88.89%.

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Ritchie Bros. Auctioneers Profile

Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved auctions, online marketplaces, listing services, and private brokerage services. The company sells a range of used and unused equipment, including earthmoving equipment, truck trailers, government surplus, oil and gas equipment, and other industrial assets.

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

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