Ritchie Bros. Auctioneers Inc. (NYSE:RBA)’s share price reached a new 52-week high on Friday . The stock traded as high as $34.97 and last traded at $34.87, with a volume of 287,350 shares changing hands. The stock had previously closed at $34.01.

RBA has been the topic of a number of analyst reports. KeyCorp initiated coverage on Ritchie Bros. Auctioneers in a research report on Friday, May 27th. They set a “sector weight” rating on the stock. Jefferies Group reiterated a “buy” rating and set a $35.00 price objective on shares of Ritchie Bros. Auctioneers in a research report on Tuesday, May 10th. Robert W. Baird reiterated a “buy” rating on shares of Ritchie Bros. Auctioneers in a research report on Saturday, April 9th. Raymond James Financial Inc. reiterated an “outperform” rating and set a $31.00 price objective (up previously from $29.50) on shares of Ritchie Bros. Auctioneers in a research report on Monday, April 11th. Finally, Bank of America Corp. reiterated a “sell” rating and set a $22.00 price objective on shares of Ritchie Bros. Auctioneers in a research report on Friday, April 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $29.61.

The firm has a market cap of $3.70 billion and a P/E ratio of 26.42. The company’s 50 day moving average price is $33.23 and its 200-day moving average price is $27.39.

Ritchie Bros. Auctioneers (NYSE:RBA) last released its earnings results on Monday, May 9th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.06. The business had revenue of $131.90 million for the quarter, compared to analyst estimates of $116.02 million. During the same quarter in the previous year, the firm posted $0.22 EPS. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. Analysts expect that Ritchie Bros. Auctioneers Inc. will post $1.27 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 14th. Shareholders of record on Tuesday, May 24th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Friday, May 20th.

Several large investors have recently added to or reduced their stakes in the company. Swiss National Bank boosted its stake in Ritchie Bros. Auctioneers by 0.8% in the fourth quarter. Swiss National Bank now owns 147,000 shares of the company’s stock worth $3,534,000 after buying an additional 1,200 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Ritchie Bros. Auctioneers by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 71,028 shares of the company’s stock worth $1,712,000 after buying an additional 2,500 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Ritchie Bros. Auctioneers by 10.3% in the fourth quarter. New York State Common Retirement Fund now owns 72,571 shares of the company’s stock worth $1,750,000 after buying an additional 6,771 shares in the last quarter. Azimuth Capital Management LLC boosted its stake in Ritchie Bros. Auctioneers by 9.2% in the fourth quarter. Azimuth Capital Management LLC now owns 109,065 shares of the company’s stock worth $2,630,000 after buying an additional 9,155 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its stake in Ritchie Bros. Auctioneers by 9.8% in the fourth quarter. Eagle Asset Management Inc. now owns 150,711 shares of the company’s stock worth $3,633,000 after buying an additional 13,429 shares in the last quarter.

Ritchie Bros. Auctioneers Incorporated is an auctioneer of industrial equipment. The Company is engaged in providing unreserved auction services to equipment buyers and sellers. Ritchie Bros. focuses on the sale of heavy machinery. The Company operates through two segments: Core Auction segment and EquipmentOne segment.

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