Ritholtz Wealth Management Has $549,000 Stock Holdings in Ritchie Bros. Auctioneers Incorporated (NYSE:RBA)

Ritholtz Wealth Management cut its position in Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) by 23.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,372 shares of the business services provider’s stock after selling 2,869 shares during the period. Ritholtz Wealth Management’s holdings in Ritchie Bros. Auctioneers were worth $549,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Riverbridge Partners LLC grew its stake in shares of Ritchie Bros. Auctioneers by 19.5% in the 1st quarter. Riverbridge Partners LLC now owns 4,496,671 shares of the business services provider’s stock valued at $263,280,000 after buying an additional 733,486 shares during the period. Fiera Capital Corp boosted its stake in Ritchie Bros. Auctioneers by 14.3% during the 1st quarter. Fiera Capital Corp now owns 2,321,784 shares of the business services provider’s stock valued at $135,876,000 after purchasing an additional 290,143 shares during the last quarter. FIL Ltd boosted its stake in Ritchie Bros. Auctioneers by 61.6% during the 4th quarter. FIL Ltd now owns 1,860,199 shares of the business services provider’s stock valued at $129,303,000 after purchasing an additional 709,247 shares during the last quarter. GW&K Investment Management LLC boosted its stake in Ritchie Bros. Auctioneers by 6.6% during the 1st quarter. GW&K Investment Management LLC now owns 1,818,546 shares of the business services provider’s stock valued at $106,476,000 after purchasing an additional 112,408 shares during the last quarter. Finally, Mondrian Investment Partners LTD boosted its stake in Ritchie Bros. Auctioneers by 235.7% during the 1st quarter. Mondrian Investment Partners LTD now owns 1,504,674 shares of the business services provider’s stock valued at $117,650,000 after purchasing an additional 1,056,428 shares during the last quarter. Institutional investors own 83.80% of the company’s stock.

Ritchie Bros. Auctioneers stock opened at $57.68 on Friday. Ritchie Bros. Auctioneers Incorporated has a 52 week low of $38.80 and a 52 week high of $78.64. The business’s 50 day moving average price is $62.04. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.98 and a current ratio of 1.07. The company has a market cap of $6.36 billion, a PE ratio of 36.28, a P/E/G ratio of 4.89 and a beta of 1.16.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings results on Sunday, May 9th. The business services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $331.56 million for the quarter, compared to analysts’ expectations of $294.73 million. Ritchie Bros. Auctioneers had a net margin of 12.22% and a return on equity of 19.56%. Ritchie Bros. Auctioneers’s revenue was up 21.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 EPS. As a group, sell-side analysts expect that Ritchie Bros. Auctioneers Incorporated will post 1.82 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 16th. Investors of record on Wednesday, May 26th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, May 25th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.53%. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is presently 26.19%.

In other Ritchie Bros. Auctioneers news, insider James J. Jeter sold 3,200 shares of the business’s stock in a transaction on Monday, May 24th. The shares were sold at an average price of $62.34, for a total transaction of $199,488.00. Following the sale, the insider now owns 22,173 shares of the company’s stock, valued at approximately $1,382,264.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Matthew Ackley sold 2,000 shares of the business’s stock in a transaction on Thursday, May 13th. The shares were sold at an average price of $60.57, for a total transaction of $121,140.00. Following the sale, the chief marketing officer now directly owns 19,510 shares in the company, valued at approximately $1,181,720.70. The disclosure for this sale can be found here. Insiders sold a total of 52,075 shares of company stock worth $3,114,847 in the last ninety days. 0.54% of the stock is currently owned by insiders.

A number of equities analysts have issued reports on RBA shares. OTR Global reiterated a “mixed” rating on shares of Ritchie Bros. Auctioneers in a research note on Tuesday, April 27th. Raymond James lifted their price target on Ritchie Bros. Auctioneers from $59.00 to $65.00 and gave the company a “market perform” rating in a research note on Wednesday, May 12th. National Bankshares downgraded Ritchie Bros. Auctioneers from an “outperform” rating to a “sector perform” rating and set a $66.00 price target for the company. in a research note on Wednesday, May 12th. Zacks Investment Research raised shares of Ritchie Bros. Auctioneers from a “sell” rating to a “hold” rating in a research report on Tuesday, April 27th. Finally, National Bank Financial cut shares of Ritchie Bros. Auctioneers from an “outperform” rating to a “sector perform” rating and set a $66.00 target price on the stock. in a research report on Tuesday, May 11th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Ritchie Bros. Auctioneers has an average rating of “Hold” and a consensus price target of $64.86.

Ritchie Bros. Auctioneers Company 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. It sells a range of used and unused commercial assets, including earthmoving equipment, truck tractors and trailers, government surplus, oil and gas equipment, and other industrial assets, as well as construction and heavy machinery.

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

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