Ritchie Bros. Auctioneers Inc. (NYSE:RBA)’s share price traded down 1.6% during trading on Friday . The stock traded as low as $32.67 and last traded at $33.21, with a volume of 489,166 shares changing hands. The stock had previously closed at $33.76.

Several equities analysts recently commented on the stock. Robert W. Baird reaffirmed a “buy” rating on shares of Ritchie Bros. Auctioneers in a research report on Saturday, April 9th. KeyCorp assumed coverage on shares of Ritchie Bros. Auctioneers in a research report on Friday, May 27th. They issued a “sector weight” rating for the company. TD Securities reaffirmed a “reduce” rating and issued a $26.00 price objective (up from $23.00) on shares of Ritchie Bros. Auctioneers in a research report on Tuesday, May 10th. Jefferies Group reissued a “buy” rating and set a $35.00 price target on shares of Ritchie Bros. Auctioneers in a research report on Tuesday, May 10th. Finally, BMO Capital Markets raised their price target on shares of Ritchie Bros. Auctioneers from $25.00 to $27.00 and gave the stock a “market perform” rating in a research report on Friday, April 8th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $29.61.

The stock has a market capitalization of $3.52 billion and a PE ratio of 25.15. The firm’s 50-day moving average is $33.72 and its 200-day moving average is $28.13.

Ritchie Bros. Auctioneers (NYSE:RBA) last announced its quarterly earnings results on Monday, May 9th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.06. During the same period last year, the company earned $0.22 earnings per share. The business earned $131.90 million during the quarter, compared to analyst estimates of $116.02 million. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, equities research analysts anticipate that Ritchie Bros. Auctioneers Inc. will post $1.27 earnings per share for the current year.

A number of institutional investors have made changes to their positions in RBA. 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 worth $1,712,000 after buying an additional 2,500 shares during the period. Marshall Wace LLP increased its position in shares of Ritchie Bros. Auctioneers by 205.3% in the fourth quarter. Marshall Wace LLP now owns 424,371 shares of the company’s stock worth $10,232,000 after buying an additional 285,365 shares during the period. American Capital Management Inc. acquired a new position in shares of Ritchie Bros. Auctioneers during the fourth quarter worth about $4,986,000. Schroder Investment Management Group increased 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 during the period. Finally, Bank of Montreal Can increased its position in shares of Ritchie Bros. Auctioneers by 14.6% in the fourth quarter. Bank of Montreal Can now owns 1,854,871 shares of the company’s stock worth $44,720,000 after buying an additional 236,442 shares during the period.

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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