New York State Common Retirement Fund boosted its holdings in shares of Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) by 5.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 144,203 shares of the business services provider’s stock after acquiring an additional 7,306 shares during the period. New York State Common Retirement Fund owned 0.13% of Ritchie Bros. Auctioneers worth $4,718,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in shares of Ritchie Bros. Auctioneers in the 3rd quarter valued at $458,000. Wells Fargo & Company MN grew its holdings in shares of Ritchie Bros. Auctioneers by 55.5% in the 3rd quarter. Wells Fargo & Company MN now owns 54,988 shares of the business services provider’s stock valued at $1,986,000 after buying an additional 19,624 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Ritchie Bros. Auctioneers by 10.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 31,951 shares of the business services provider’s stock valued at $1,154,000 after buying an additional 2,900 shares during the period. Virtu Financial LLC acquired a new position in shares of Ritchie Bros. Auctioneers in the 3rd quarter valued at $486,000. Finally, Swiss National Bank grew its holdings in shares of Ritchie Bros. Auctioneers by 2.5% in the 3rd quarter. Swiss National Bank now owns 191,500 shares of the business services provider’s stock valued at $6,885,000 after buying an additional 4,600 shares during the period. 91.50% of the stock is owned by hedge funds and other institutional investors.

RBA has been the subject of several research analyst reports. Bank of America set a $35.00 price target on shares of Ritchie Bros. Auctioneers and gave the company a “sell” rating in a report on Friday, March 1st. OTR Global raised shares of Ritchie Bros. Auctioneers to a “positive” rating in a report on Monday, February 4th. Zacks Investment Research raised shares of Ritchie Bros. Auctioneers from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Saturday, January 12th. Raymond James reissued a “market perform” rating and issued a $38.00 price target on shares of Ritchie Bros. Auctioneers in a report on Monday, February 25th. Finally, Royal Bank of Canada decreased their price target on shares of Ritchie Bros. Auctioneers from $36.00 to $35.00 and set a “sector perform” rating for the company in a report on Monday, March 4th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. Ritchie Bros. Auctioneers has a consensus rating of “Hold” and an average price target of $37.06.

RBA opened at $33.86 on Friday. The firm has a market capitalization of $3.68 billion, a P/E ratio of 31.35, a P/E/G ratio of 2.01 and a beta of 0.82. Ritchie Bros. Auctioneers Inc has a 12 month low of $30.09 and a 12 month high of $38.77. The company has a current ratio of 1.37, a quick ratio of 1.11 and a debt-to-equity ratio of 0.84.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 15th were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $0.72 annualized dividend and a yield of 2.13%. Ritchie Bros. Auctioneers’s dividend payout ratio is currently 66.67%.

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Ritchie Bros. Auctioneers Company 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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