Stephens Inc. AR Acquires 2,907 Shares of Ritchie Bros. Auctioneers Inc (NYSE:RBA)

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Stephens Inc. AR boosted its holdings in shares of Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) by 18.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,908 shares of the business services provider’s stock after buying an additional 2,907 shares during the period. Stephens Inc. AR’s holdings in Ritchie Bros. Auctioneers were worth $628,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of RBA. The Manufacturers Life Insurance Company boosted its stake in Ritchie Bros. Auctioneers by 85.3% during the first quarter. The Manufacturers Life Insurance Company now owns 564,033 shares of the business services provider’s stock valued at $19,177,000 after buying an additional 259,580 shares during the period. Fiera Capital Corp boosted its stake in Ritchie Bros. Auctioneers by 11.8% during the first quarter. Fiera Capital Corp now owns 2,415,995 shares of the business services provider’s stock valued at $82,003,000 after buying an additional 255,705 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in Ritchie Bros. Auctioneers during the first quarter worth about $8,719,000. William Blair Investment Management LLC lifted its stake in Ritchie Bros. Auctioneers by 2.1% during the first quarter. William Blair Investment Management LLC now owns 3,558,623 shares of the business services provider’s stock worth $120,993,000 after purchasing an additional 73,089 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its stake in Ritchie Bros. Auctioneers by 1.7% during the first quarter. Eagle Asset Management Inc. now owns 3,425,066 shares of the business services provider’s stock worth $116,448,000 after purchasing an additional 57,519 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

In other news, insider Todd Donald Wohler sold 2,000 shares of Ritchie Bros. Auctioneers stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $39.80, for a total value of $79,600.00. Following the transaction, the insider now owns 11,919 shares in the company, valued at $474,376.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last quarter, insiders sold 4,002 shares of company stock worth $158,677. Company insiders own 1.60% of the company’s stock.

Several brokerages have issued reports on RBA. OTR Global lowered Ritchie Bros. Auctioneers to a “positive” rating in a research note on Friday, July 26th. National Bank Financial lifted their price target on Ritchie Bros. Auctioneers from $34.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Monday, August 12th. Zacks Investment Research raised Ritchie Bros. Auctioneers from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Thursday, August 15th. Robert W. Baird lifted their price target on Ritchie Bros. Auctioneers from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Finally, TD Securities lifted their price target on Ritchie Bros. Auctioneers from $28.00 to $29.00 and gave the stock a “reduce” rating in a research note on Monday, August 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Ritchie Bros. Auctioneers has a consensus rating of “Hold” and a consensus price target of $37.11.

RBA opened at $39.50 on Thursday. The company has a market cap of $4.23 billion, a P/E ratio of 36.57, a P/E/G ratio of 4.51 and a beta of 0.74. The business’s 50-day moving average price is $35.93 and its 200-day moving average price is $34.97. The company has a current ratio of 1.24, a quick ratio of 1.12 and a debt-to-equity ratio of 0.82. Ritchie Bros. Auctioneers Inc has a 12 month low of $30.76 and a 12 month high of $39.85.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last released its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.06. The firm had revenue of $393.20 million for the quarter, compared to the consensus estimate of $352.51 million. Ritchie Bros. Auctioneers had a return on equity of 15.27% and a net margin of 10.08%. The company’s quarterly revenue was up 27.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 earnings per share. Equities research analysts forecast that Ritchie Bros. Auctioneers Inc will post 1.24 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $0.80 annualized dividend and a dividend yield of 2.03%. This is an increase from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.18. Ritchie Bros. Auctioneers’s payout ratio is currently 66.67%.

Ritchie Bros. Auctioneers Profile

Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved live on site 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, as well as construction and heavy machinery.

Read More: How does a reverse stock split work?

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

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