CIBC Private Wealth Group LLC boosted its position in shares of Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) by 12.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 236,790 shares of the business services provider’s stock after acquiring an additional 25,412 shares during the quarter. CIBC Private Wealth Group LLC owned 0.22% of Ritchie Bros. Auctioneers worth $7,747,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of RBA. Janney Montgomery Scott LLC bought a new position in shares of Ritchie Bros. Auctioneers in the third quarter valued at approximately $210,000. Equitable Trust Co. acquired a new stake in Ritchie Bros. Auctioneers during the 3rd quarter worth $217,000. Armstrong Henry H Associates Inc. grew its holdings in Ritchie Bros. Auctioneers by 7.2% during the 4th quarter. Armstrong Henry H Associates Inc. now owns 6,685 shares of the business services provider’s stock worth $219,000 after acquiring an additional 450 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Ritchie Bros. Auctioneers by 8.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,898 shares of the business services provider’s stock worth $226,000 after acquiring an additional 518 shares during the period. Finally, Marshall Wace North America L.P. acquired a new position in shares of Ritchie Bros. Auctioneers in the 3rd quarter valued at $288,000. 91.01% of the stock is currently owned by institutional investors.
A number of brokerages recently weighed in on RBA. Zacks Investment Research raised shares of Ritchie Bros. Auctioneers from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Saturday, January 12th. ValuEngine raised shares of Ritchie Bros. Auctioneers from a “hold” rating to a “buy” rating in a research report on Wednesday, December 26th. Barrington Research reaffirmed a “hold” rating on shares of Ritchie Bros. Auctioneers in a report on Tuesday, November 20th. OTR Global raised shares of Ritchie Bros. Auctioneers to a “positive” rating in a report on Monday, February 4th. Finally, National Bank Financial lowered their price target on shares of Ritchie Bros. Auctioneers from $39.00 to $38.00 and set a “sector perform” rating on the stock in a report on Monday, November 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $37.71.
NYSE:RBA opened at $36.11 on Thursday. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 44.58, a P/E/G ratio of 2.02 and a beta of 0.80. Ritchie Bros. Auctioneers Inc has a 12 month low of $30.09 and a 12 month high of $38.77. The company has a quick ratio of 1.12, a current ratio of 1.28 and a debt-to-equity ratio of 0.90.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Friday, February 15th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, February 14th. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is presently 88.89%.
Ritchie Bros. Auctioneers Profile
Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved 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.
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