Shares of Ritchie Bros. Auctioneers Inc. (NYSE:RBA) hit 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. The stock had previously closed at $34.01.

Several brokerages have weighed in on RBA. KeyCorp began coverage on shares of Ritchie Bros. Auctioneers in a research note on Friday, May 27th. They issued a “sector weight” rating for the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ritchie Bros. Auctioneers in a research note on Thursday, May 19th. Zacks Investment Research upgraded shares of Ritchie Bros. Auctioneers from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Wednesday, May 11th. TD Securities restated a “reduce” rating and issued a $26.00 target price (up from $23.00) on shares of Ritchie Bros. Auctioneers in a research report on Tuesday, May 10th. Finally, Jefferies Group restated a “buy” rating and issued a $35.00 target price on shares of Ritchie Bros. Auctioneers in a research report on Tuesday, May 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $29.61.

The stock’s 50 day moving average is $33.32 and its 200 day moving average is $27.47. The company has a market cap of $3.71 billion and a P/E ratio of 26.44.

Ritchie Bros. Auctioneers (NYSE:RBA) last issued its earnings results on Monday, May 9th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. The business had revenue of $131.90 million for the quarter, compared to the consensus estimate of $116.02 million. Ritchie Bros. Auctioneers’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 EPS. On average, equities research analysts anticipate that Ritchie Bros. Auctioneers Inc. will post $1.27 earnings per share 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. The ex-dividend date was Friday, May 20th. This represents a $0.64 dividend on an annualized basis and a yield of 1.83%.

Other institutional investors have modified their holdings of the company. Baillie Gifford & Co. raised its position in shares of Ritchie Bros. Auctioneers by 4.4% in the fourth quarter. Baillie Gifford & Co. now owns 12,379,442 shares of the company’s stock worth $298,224,000 after buying an additional 519,516 shares in the last quarter. Swiss National Bank raised its position in shares of 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. Schroder Investment Management Group raised its position in shares of Ritchie Bros. Auctioneers by 814.7% in the fourth quarter. Schroder Investment Management Group now owns 521,400 shares of the company’s stock worth $17,383,000 after buying an additional 464,400 shares in the last quarter. American Capital Management Inc. acquired a new position in shares of Ritchie Bros. Auctioneers during the fourth quarter worth $4,986,000. Finally, Azimuth Capital Management LLC raised its position in shares of 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.

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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