Elkfork Partners LLC Acquires New Stake in Ritchie Bros. Auctioneers Inc (RBA)

Elkfork Partners LLC acquired a new position in Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) in the fourth quarter, HoldingsChannel reports. The fund acquired 297,330 shares of the business services provider’s stock, valued at approximately $8,899,000.

Several other institutional investors have also recently modified their holdings of RBA. Burgundy Asset Management Ltd. raised its position in shares of Ritchie Bros. Auctioneers by 37.1% in the fourth quarter. Burgundy Asset Management Ltd. now owns 6,190,152 shares of the business services provider’s stock worth $185,271,000 after acquiring an additional 1,674,728 shares during the period. Riverbridge Partners LLC raised its position in shares of Ritchie Bros. Auctioneers by 44.2% in the fourth quarter. Riverbridge Partners LLC now owns 4,953,033 shares of the business services provider’s stock worth $148,244,000 after acquiring an additional 1,517,172 shares during the period. Carillon Tower Advisers Inc. acquired a new position in shares of Ritchie Bros. Auctioneers in the fourth quarter worth about $32,607,000. Virtus Fund Advisers LLC acquired a new position in shares of Ritchie Bros. Auctioneers in the fourth quarter worth about $27,803,000. Finally, Independent Franchise Partners LLP acquired a new position in shares of Ritchie Bros. Auctioneers in the fourth quarter worth about $18,349,000.

How to Become a New Pot Stock Millionaire

RBA stock opened at $30.22 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.31 and a debt-to-equity ratio of 1.06. The firm has a market cap of $3,442.01, a PE ratio of 43.80, a price-to-earnings-growth ratio of 3.28 and a beta of 0.64. Ritchie Bros. Auctioneers Inc has a fifty-two week low of $24.08 and a fifty-two week high of $35.17.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last posted its earnings results on Monday, February 26th. The business services provider reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.05. The company had revenue of $178.80 million for the quarter, compared to analyst estimates of $171.97 million. Ritchie Bros. Auctioneers had a net margin of 12.29% and a return on equity of 12.15%. Ritchie Bros. Auctioneers’s revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 EPS. equities research analysts predict that Ritchie Bros. Auctioneers Inc will post 1.03 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 16th were issued a $0.17 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.68 annualized dividend and a yield of 2.25%. Ritchie Bros. Auctioneers’s payout ratio is 98.55%.

RBA has been the subject of a number of analyst reports. TheStreet upgraded shares of Ritchie Bros. Auctioneers from a “c” rating to a “b-” rating in a research report on Thursday, March 1st. Zacks Investment Research upgraded shares of Ritchie Bros. Auctioneers from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Thursday, March 1st. Barrington Research reiterated a “hold” rating on shares of Ritchie Bros. Auctioneers in a research report on Tuesday, March 6th. Jefferies Group reiterated a “hold” rating and issued a $30.00 price objective on shares of Ritchie Bros. Auctioneers in a research report on Thursday, January 18th. Finally, Raymond James Financial upped their price objective on shares of Ritchie Bros. Auctioneers from $26.50 to $31.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 28th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $32.80.

ILLEGAL ACTIVITY WARNING: “Elkfork Partners LLC Acquires New Stake in Ritchie Bros. Auctioneers Inc (RBA)” was posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be accessed at https://www.tickerreport.com/banking-finance/3295342/elkfork-partners-llc-acquires-new-stake-in-ritchie-bros-auctioneers-inc-rba.html.

About Ritchie Bros. Auctioneers

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.

Want to see what other hedge funds are holding RBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA).

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

Receive News & Ratings for Ritchie Bros. Auctioneers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ritchie Bros. Auctioneers and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Endocyte  Lowered to Buy at BidaskClub
Endocyte Lowered to Buy at BidaskClub
Cognex  Lowered to “Strong Sell” at BidaskClub
Cognex Lowered to “Strong Sell” at BidaskClub
ValuEngine Downgrades Beacon Roofing Supply  to Sell
ValuEngine Downgrades Beacon Roofing Supply to Sell
ValuEngine Lowers Amarin  to Sell
ValuEngine Lowers Amarin to Sell
Short Interest in Comcast  Increases By 12.0%
Short Interest in Comcast Increases By 12.0%
Gold Standard Ventures  Short Interest Update
Gold Standard Ventures Short Interest Update


© 2006-2018 Ticker Report. Google+.