Insider Selling: Ritchie Bros. Auctioneers Inc (NYSE:RBA) Insider Sells 2,000 Shares of Stock

Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) insider Todd Donald Wohler sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $39.80, for a total value of $79,600.00. Following the sale, the insider now owns 11,919 shares in the company, valued at $474,376.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Todd Donald Wohler also recently made the following trade(s):

  • On Monday, August 19th, Todd Donald Wohler sold 2,000 shares of Ritchie Bros. Auctioneers stock. The shares were sold at an average price of $39.50, for a total value of $79,000.00.
  • On Tuesday, August 13th, Todd Donald Wohler sold 2 shares of Ritchie Bros. Auctioneers stock. The shares were sold at an average price of $38.34, for a total value of $76.68.

RBA stock traded down $0.09 during midday trading on Thursday, hitting $39.41. 2,758 shares of the company’s stock were exchanged, compared to its average volume of 449,620. 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. The firm has a 50 day moving average price of $35.93 and a 200-day moving average price of $34.97. The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of 36.58, a price-to-earnings-growth ratio of 4.51 and a beta of 0.74.

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

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

Several equities research analysts recently commented on RBA shares. OTR Global downgraded Ritchie Bros. Auctioneers to a “positive” rating in a report on Friday, July 26th. Raymond James raised their target price on Ritchie Bros. Auctioneers from $34.50 to $36.50 and gave the company a “market perform” rating in a report on Monday, August 12th. National Bank Financial raised their target price on Ritchie Bros. Auctioneers from $34.00 to $35.00 and gave the company a “sector perform” rating in a report on Monday, August 12th. Robert W. Baird raised their target price on Ritchie Bros. Auctioneers from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Finally, Royal Bank of Canada raised their target price on Ritchie Bros. Auctioneers from $34.00 to $36.00 and gave the company a “hold” rating in a report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $37.11.

A number of hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its position in Ritchie Bros. Auctioneers by 11.2% during the 4th quarter. Bank of New York Mellon Corp now owns 45,542 shares of the business services provider’s stock worth $1,490,000 after buying an additional 4,575 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Ritchie Bros. Auctioneers by 35.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 43,418 shares of the business services provider’s stock valued at $1,421,000 after purchasing an additional 11,467 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Ritchie Bros. Auctioneers by 54.4% during the 4th quarter. Geode Capital Management LLC now owns 10,419 shares of the business services provider’s stock valued at $340,000 after purchasing an additional 3,673 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Ritchie Bros. Auctioneers by 22.6% during the 4th quarter. Legal & General Group Plc now owns 30,714 shares of the business services provider’s stock valued at $1,005,000 after purchasing an additional 5,653 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Ritchie Bros. Auctioneers by 23.6% during the 4th quarter. Deutsche Bank AG now owns 39,402 shares of the business services provider’s stock valued at $1,289,000 after purchasing an additional 7,533 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

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. 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.

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