Ritchie Bros. Auctioneers Inc. (NYSE:RBA) shares fell 2.9% during trading on Friday . The company traded as low as $33.65 and last traded at $33.68, with a volume of 231,921 shares changing hands. The stock had previously closed at $34.69.

A number of brokerages have recently commented on RBA. Zacks Investment Research lowered Ritchie Bros. Auctioneers from a “buy” rating to a “sell” rating in a report on Wednesday. Jefferies Group lowered Ritchie Bros. Auctioneers from a “buy” rating to a “hold” rating in a report on Friday. They noted that the move was a valuation call. KeyCorp began coverage on Ritchie Bros. Auctioneers in a report on Friday, May 27th. They set a “sector weight” rating on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Ritchie Bros. Auctioneers in a report on Thursday, May 19th. Finally, TD Securities reissued a “reduce” rating and set a $26.00 price objective (up previously from $23.00) on shares of Ritchie Bros. Auctioneers in a report on Tuesday, May 10th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $29.61.

The stock has a market capitalization of $3.55 billion and a P/E ratio of 25.35. The company has a 50 day moving average price of $33.64 and a 200 day moving average price of $27.82.

Ritchie Bros. Auctioneers (NYSE:RBA) last issued its quarterly earnings results on Monday, May 9th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. The firm earned $131.90 million during the quarter, compared to the consensus estimate of $116.02 million. During the same quarter last year, the firm earned $0.22 earnings per share. 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 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake 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 worth $1,712,000 after buying an additional 2,500 shares during the period. New York State Common Retirement Fund raised its stake 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 worth $1,750,000 after buying an additional 6,771 shares during the period. Azimuth Capital Management LLC raised its stake 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 during the period. Swiss National Bank raised its stake 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 during the period. Finally, American Capital Management Inc. purchased a new stake in shares of Ritchie Bros. Auctioneers during the fourth quarter worth approximately $4,986,000.

Ritchie Bros. Auctioneers Incorporated is a holding company. The Company is an auctioneer of industrial equipment. The Company is engaged in selling industrial equipment and other assets for the construction, agricultural, transportation, energy, mining, forestry, material handling, marine and real estate industries at its unreserved auctions and online marketplaces.

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