Oppenheimer Asset Management Inc. lifted its holdings in Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) by 3.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,328 shares of the business services provider’s stock after purchasing an additional 3,727 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.11% of Ritchie Bros. Auctioneers worth $3,805,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Mackenzie Financial Corp boosted its position in shares of Ritchie Bros. Auctioneers by 51.3% in the 3rd quarter. Mackenzie Financial Corp now owns 1,468,435 shares of the business services provider’s stock worth $46,432,000 after purchasing an additional 497,750 shares in the last quarter. Legal & General Group Plc lifted its position in Ritchie Bros. Auctioneers by 35.4% during the 3rd quarter. Legal & General Group Plc now owns 20,270 shares of the business services provider’s stock worth $639,000 after acquiring an additional 5,300 shares during the period. Great West Life Assurance Co. Can lifted its position in Ritchie Bros. Auctioneers by 13.8% during the 3rd quarter. Great West Life Assurance Co. Can now owns 724,537 shares of the business services provider’s stock worth $22,796,000 after acquiring an additional 87,803 shares during the period. ETRADE Capital Management LLC acquired a new stake in Ritchie Bros. Auctioneers during the 3rd quarter worth about $218,000. Finally, Assetmark Inc. lifted its position in Ritchie Bros. Auctioneers by 30.9% during the 3rd quarter. Assetmark Inc. now owns 49,615 shares of the business services provider’s stock worth $1,569,000 after acquiring an additional 11,701 shares during the period. 98.88% of the stock is owned by hedge funds and other institutional investors.

Shares of Ritchie Bros. Auctioneers Inc (RBA) traded up $0.84 during mid-day trading on Friday, hitting $28.64. The stock had a trading volume of 1,920,000 shares, compared to its average volume of 932,086. The firm has a market cap of $3,069.78, a PE ratio of 34.10, a PEG ratio of 3.56 and a beta of 0.64. 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 Inc has a fifty-two week low of $24.08 and a fifty-two week high of $39.73.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings results on Thursday, November 9th. The business services provider reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $141.05 million during the quarter, compared to analysts’ expectations of $139.96 million. During the same quarter in the prior year, the firm earned $0.20 EPS. Ritchie Bros. Auctioneers’s revenue for the quarter was up 9.4% on a year-over-year basis. research analysts expect that Ritchie Bros. Auctioneers Inc will post 0.85 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors 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 annualized dividend and a dividend yield of 2.37%. Ritchie Bros. Auctioneers’s dividend payout ratio is presently 111.48%.

A number of analysts have commented on RBA shares. Scotiabank set a $34.00 price target on Ritchie Bros. Auctioneers and gave the stock an “outperform” rating in a research report on Tuesday, September 12th. Robert W. Baird reaffirmed a “buy” rating and set a $33.00 price target on shares of Ritchie Bros. Auctioneers in a research report on Tuesday, September 12th. Oppenheimer reaffirmed a “hold” rating on shares of Ritchie Bros. Auctioneers in a research report on Monday, November 13th. Raymond James Financial lowered their price target on Ritchie Bros. Auctioneers from $29.50 to $29.00 and set a “market perform” rating for the company in a research report on Tuesday, October 10th. Finally, National Bank Financial lowered their price target on Ritchie Bros. Auctioneers from $30.00 to $28.00 and set a “sector perform” rating for the company in a research report on Monday, November 13th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $29.45.

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Ritchie Bros. Auctioneers 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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