Ritchie Bros. Auctioneers (NYSE:RBA) Rating Reiterated by Barrington Research

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA)‘s stock had its “hold” rating reaffirmed by equities researchers at Barrington Research in a research note issued to investors on Friday, AnalystRatings.com reports.

Several other equities analysts have also recently issued reports on the stock. ValuEngine cut shares of Ritchie Bros. Auctioneers from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research cut shares of Ritchie Bros. Auctioneers from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. TD Securities upped their price target on shares of Ritchie Bros. Auctioneers from $28.00 to $29.00 and gave the company a “reduce” rating in a research report on Monday, August 12th. Royal Bank of Canada upped their price target on shares of Ritchie Bros. Auctioneers from $34.00 to $36.00 and gave the company a “hold” rating in a research report on Monday, August 12th. Finally, Robert W. Baird upped their price target on shares of Ritchie Bros. Auctioneers from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $36.25.

RBA stock traded down $0.38 during trading on Friday, reaching $41.28. 1,072,627 shares of the company were exchanged, compared to its average volume of 346,689. The company has a 50-day moving average of $39.84 and a two-hundred day moving average of $36.72. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 38.22, a P/E/G ratio of 4.67 and a beta of 0.69. Ritchie Bros. Auctioneers has a twelve month low of $30.76 and a twelve month high of $42.97. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.24 and a quick ratio of 1.12.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Ritchie Bros. Auctioneers had a net margin of 10.08% and a return on equity of 15.27%. The firm had revenue of $289.80 million during the quarter, compared to analysts’ expectations of $289.55 million. During the same period in the prior year, the company posted $0.18 EPS. The company’s revenue was up 18.1% on a year-over-year basis. On average, analysts forecast that Ritchie Bros. Auctioneers will post 1.27 EPS for the current year.

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In other news, insider Todd Donald Wohler sold 2,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $39.50, for a total value of $79,000.00. Following the sale, the insider now directly owns 13,919 shares of the company’s stock, valued at approximately $549,800.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Darren Jeffrey Watt sold 2,279 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $39.33, for a total transaction of $89,633.07. Following the completion of the sale, the insider now directly owns 5,626 shares in the company, valued at $221,270.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,709 shares of company stock valued at $344,944. Corporate insiders own 1.60% of the company’s stock.

Several large investors have recently bought and sold shares of the company. NEXT Financial Group Inc boosted its stake in shares of Ritchie Bros. Auctioneers by 9.4% in the 2nd quarter. NEXT Financial Group Inc now owns 3,557 shares of the business services provider’s stock valued at $118,000 after purchasing an additional 307 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Ritchie Bros. Auctioneers by 0.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 86,742 shares of the business services provider’s stock valued at $2,882,000 after purchasing an additional 493 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Ritchie Bros. Auctioneers by 0.9% in the 3rd quarter. CIBC Asset Management Inc now owns 64,079 shares of the business services provider’s stock valued at $2,555,000 after purchasing an additional 561 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Ritchie Bros. Auctioneers by 5.4% in the 2nd quarter. HighTower Advisors LLC now owns 11,259 shares of the business services provider’s stock valued at $373,000 after purchasing an additional 578 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Ritchie Bros. Auctioneers by 10.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,888 shares of the business services provider’s stock valued at $275,000 after purchasing an additional 626 shares during the last quarter. 89.73% of the stock is currently owned by institutional investors.

About Ritchie Bros. Auctioneers

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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Analyst Recommendations for Ritchie Bros. Auctioneers (NYSE:RBA)

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