Ritchie Bros. Auctioneers Inc. (NYSE:RBA) saw unusually-high trading volume on Monday . Approximately 404,394 shares traded hands during trading, a decline of 7% from the previous session’s volume of 434,505 shares.The stock last traded at $35.00 and had previously closed at $34.93.

Several brokerages have recently weighed in on RBA. Zacks Investment Research upgraded shares of Ritchie Bros. Auctioneers from a “sell” rating to a “hold” rating in a research note on Saturday, April 2nd. Royal Bank Of Canada restated an “outperform” rating on shares of Ritchie Bros. Auctioneers in a research note on Thursday, May 19th. BMO Capital Markets restated a “hold” rating and issued a $30.50 target price on shares of Ritchie Bros. Auctioneers in a research note on Tuesday, May 10th. Raymond James Financial Inc. restated an “outperform” rating and issued a $31.00 target price (up from $29.50) on shares of Ritchie Bros. Auctioneers in a research note on Monday, April 11th. Finally, Bank of America Corp. restated a “sell” rating and issued a $22.00 target price on shares of Ritchie Bros. Auctioneers in a research note on Friday, April 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $29.61.

The firm has a market cap of $3.70 billion and a P/E ratio of 26.40. The firm has a 50 day moving average price of $33.41 and a 200 day moving average price of $27.60.

Ritchie Bros. Auctioneers (NYSE:RBA) last issued its quarterly earnings data on Monday, May 9th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate 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. During the same period in the previous year, the business posted $0.22 EPS. Ritchie Bros. Auctioneers’s revenue was up 14.1% compared to the same quarter last year. Equities analysts anticipate that Ritchie Bros. Auctioneers Inc. will post $1.27 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 14th. Investors 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 1.83%. The ex-dividend date of this dividend was Friday, May 20th.

A number of institutional investors recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of Ritchie Bros. Auctioneers by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 71,028 shares of the company’s stock valued at $1,712,000 after buying an additional 2,500 shares during the period. New York State Common Retirement Fund increased its position in shares of 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 valued at $1,750,000 after buying an additional 6,771 shares during the period. NorthCoast Asset Management LLC bought a new position in shares of Ritchie Bros. Auctioneers during the fourth quarter valued at approximately $2,273,000. Azimuth Capital Management LLC increased 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 valued at $2,630,000 after buying an additional 9,155 shares during the period. Finally, Swiss National Bank increased 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 valued at $3,534,000 after buying an additional 1,200 shares during the period.

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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