Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) CFO Sharon Ruth Driscoll purchased 1,375 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was purchased at an average price of $29.77 per share, for a total transaction of $40,933.75. Following the completion of the acquisition, the chief financial officer now 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 available at the SEC website.
Sharon Ruth Driscoll also recently made the following trade(s):
- On Friday, August 25th, Sharon Ruth Driscoll purchased 1,000 shares of Ritchie Bros. Auctioneers stock. The stock was purchased at an average price of $28.59 per share, for a total transaction of $28,590.00.
Shares of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) opened at 30.29 on Wednesday. The firm has a market cap of $3.24 billion, a P/E ratio of 65.56 and a beta of 0.57. Ritchie Bros. Auctioneers Incorporated has a 52-week low of $26.68 and a 52-week high of $39.96. The company has a 50 day moving average price of $28.56 and a 200-day moving average price of $30.32.
Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Ritchie Bros. Auctioneers had a net margin of 8.96% and a return on equity of 14.72%. The business had revenue of $166.20 million for the quarter, compared to analysts’ expectations of $161.85 million. During the same quarter last year, the firm earned $0.37 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts expect that Ritchie Bros. Auctioneers Incorporated will post $0.82 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a $0.17 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.68 annualized dividend and a yield of 2.24%. Ritchie Bros. Auctioneers’s payout ratio is 144.68%.
A number of hedge funds and other institutional investors have recently made changes to their positions in RBA. Suntrust Banks Inc. lifted its position in Ritchie Bros. Auctioneers by 2.3% in the 1st quarter. Suntrust Banks Inc. now owns 11,159 shares of the business services provider’s stock valued at $367,000 after acquiring an additional 256 shares in the last quarter. Comerica Bank lifted its position in Ritchie Bros. Auctioneers by 0.7% in the 1st quarter. Comerica Bank now owns 6,737 shares of the business services provider’s stock valued at $221,000 after acquiring an additional 44 shares in the last quarter. Swiss National Bank lifted its position in Ritchie Bros. Auctioneers by 0.8% in the 1st quarter. Swiss National Bank now owns 177,900 shares of the business services provider’s stock valued at $5,855,000 after acquiring an additional 1,400 shares in the last quarter. World Asset Management Inc lifted its position in Ritchie Bros. Auctioneers by 0.7% in the 1st quarter. World Asset Management Inc now owns 6,613 shares of the business services provider’s stock valued at $218,000 after acquiring an additional 43 shares in the last quarter. Finally, Karp Capital Management Corp bought a new position in Ritchie Bros. Auctioneers in the 1st quarter valued at about $4,034,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently commented on the company. Scotiabank cut their price target on Ritchie Bros. Auctioneers from $39.00 to $32.00 and set an “outperform” rating on the stock in a report on Monday, July 10th. BidaskClub lowered Ritchie Bros. Auctioneers from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Raymond James Financial, Inc. cut their price target on Ritchie Bros. Auctioneers from $33.50 to $29.50 and set a “market perform” rating on the stock in a report on Tuesday, July 11th. Royal Bank Of Canada set a $40.00 price target on Ritchie Bros. Auctioneers and gave the company a “buy” rating in a report on Wednesday, August 9th. Finally, Robert W. Baird restated a “buy” rating and issued a $33.00 price target on shares of Ritchie Bros. Auctioneers in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Ritchie Bros. Auctioneers has a consensus rating of “Hold” and a consensus target price of $32.82.
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.
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