Russell Investments Group Ltd. reduced its position in shares of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 471,622 shares of the business services provider’s stock after selling 6,508 shares during the period. Russell Investments Group Ltd.’s holdings in Ritchie Bros. Auctioneers were worth $13,549,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. CGOV Asset Management raised its position in Ritchie Bros. Auctioneers by 150.2% in the first quarter. CGOV Asset Management now owns 6,956,054 shares of the business services provider’s stock worth $304,466,000 after buying an additional 4,175,593 shares during the period. Burgundy Asset Management Ltd. raised its position in Ritchie Bros. Auctioneers by 3.0% in the first quarter. Burgundy Asset Management Ltd. now owns 4,748,682 shares of the business services provider’s stock worth $156,232,000 after buying an additional 139,456 shares during the period. Riverbridge Partners LLC raised its position in Ritchie Bros. Auctioneers by 18.4% in the second quarter. Riverbridge Partners LLC now owns 3,640,160 shares of the business services provider’s stock worth $104,618,000 after buying an additional 565,290 shares during the period. Massachusetts Financial Services Co. MA raised its position in Ritchie Bros. Auctioneers by 57.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,498,984 shares of the business services provider’s stock worth $115,116,000 after buying an additional 1,271,836 shares during the period. Finally, Champlain Investment Partners LLC raised its position in Ritchie Bros. Auctioneers by 87.9% in the first quarter. Champlain Investment Partners LLC now owns 2,868,155 shares of the business services provider’s stock worth $94,362,000 after buying an additional 1,341,355 shares during the period. Institutional investors own 97.26% of the company’s stock.

Ritchie Bros. Auctioneers Incorporated (RBA) traded down 0.29% on Friday, hitting $27.11. 302,472 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $28.20 and a 200-day moving average price of $30.82. The stock has a market cap of $2.90 billion, a P/E ratio of 39.87 and a beta of 0.55. 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 posted its earnings results on Tuesday, August 8th. The business services provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $166.20 million during the quarter, compared to the consensus estimate of $161.85 million. Ritchie Bros. Auctioneers had a return on equity of 14.72% and a net margin of 8.96%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.37 EPS. Equities analysts predict that Ritchie Bros. Auctioneers Incorporated will post $1.05 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.50%. Ritchie Bros. Auctioneers’s dividend payout ratio is currently 144.68%.

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A number of equities analysts have recently commented on RBA shares. National Bank Financial restated a “sector perform under weight” rating on shares of Ritchie Bros. Auctioneers in a research report on Thursday, June 29th. Jefferies Group LLC reiterated a “hold” rating and set a $29.00 target price on shares of Ritchie Bros. Auctioneers in a research report on Friday, May 5th. Zacks Investment Research lowered shares of Ritchie Bros. Auctioneers from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 9th. CIBC lowered shares of Ritchie Bros. Auctioneers from a “sector outperform” rating to a “sector perform” rating and set a $28.00 target price for the company. in a research report on Monday, July 10th. Finally, TD Securities reiterated a “sell” rating on shares of Ritchie Bros. Auctioneers in a research report on Tuesday, May 9th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $33.46.

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.

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

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