Grandeur Peak Global Advisors LLC raised its stake in shares of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) by 22.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 594,675 shares of the business services provider’s stock after acquiring an additional 108,350 shares during the period. Ritchie Bros. Auctioneers makes up 2.5% of Grandeur Peak Global Advisors LLC’s investment portfolio, making the stock its 10th biggest holding. Grandeur Peak Global Advisors LLC owned 0.56% of Ritchie Bros. Auctioneers worth $17,091,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of RBA. Janus Henderson Group PLC purchased a new stake in Ritchie Bros. Auctioneers during the 2nd quarter valued at approximately $175,728,000. Champlain Investment Partners LLC raised its stake in Ritchie Bros. Auctioneers by 87.9% during the 1st quarter. Champlain Investment Partners LLC now owns 2,868,155 shares of the business services provider’s stock valued at $94,362,000 after acquiring an additional 1,341,355 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Ritchie Bros. Auctioneers by 148.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,256,159 shares of the business services provider’s stock valued at $35,631,000 after acquiring an additional 750,038 shares during the last quarter. Riverbridge Partners LLC raised its stake in Ritchie Bros. Auctioneers by 18.4% during the 2nd quarter. Riverbridge Partners LLC now owns 3,640,160 shares of the business services provider’s stock valued at $104,618,000 after acquiring an additional 565,290 shares during the last quarter. Finally, Mondrian Investment Partners LTD raised its stake in Ritchie Bros. Auctioneers by 25.3% during the 2nd quarter. Mondrian Investment Partners LTD now owns 2,769,446 shares of the business services provider’s stock valued at $103,190,000 after acquiring an additional 559,556 shares during the last quarter. 96.01% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on RBA shares. Raymond James Financial, Inc. dropped their target price on Ritchie Bros. Auctioneers from $33.50 to $29.50 and set a “market perform” rating on the stock in a research report on Tuesday, July 11th. National Bank Financial reiterated a “sector perform under weight” rating on shares of Ritchie Bros. Auctioneers in a research report on Thursday, June 29th. TD Securities dropped their target price on Ritchie Bros. Auctioneers from $28.00 to $27.00 and set a “reduce” rating on the stock in a research report on Monday, July 10th. BidaskClub upgraded Ritchie Bros. Auctioneers from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Scotiabank boosted their target price on Ritchie Bros. Auctioneers from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $31.90.

In related news, CFO Sharon Ruth Driscoll acquired 1,375 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were acquired at an average price of $29.77 per share, for a total transaction of $40,933.75. Following the completion of the purchase, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at $29,770. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.39% of the stock is owned by company insiders.

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Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) traded down 0.97% during midday trading on Friday, hitting $29.65. The company had a trading volume of 498,839 shares. The company’s 50 day moving average is $29.98 and its 200 day moving average is $30.15. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 64.60 and a beta of 0.57. Ritchie Bros. Auctioneers Incorporated has a 12-month low of $26.68 and a 12-month high of $39.96.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last released its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. The company had revenue of $166.20 million for the quarter, compared to analysts’ expectations of $161.85 million. Ritchie Bros. Auctioneers had a return on equity of 14.72% and a net margin of 8.96%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 earnings per share. On average, equities analysts anticipate that Ritchie Bros. Auctioneers Incorporated will post $0.85 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.29%. Ritchie Bros. Auctioneers’s dividend payout ratio is presently 144.68%.

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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