Shares of Ritchie Bros. Auctioneers Inc. (NYSE:RBA) saw unusually-high trading volume on Wednesday . Approximately 571,205 shares were traded during trading, an increase of 32% from the previous session’s volume of 432,043 shares.The stock last traded at $32.59 and had previously closed at $32.67.

RBA has been the subject of several recent research reports. Bank of America Corp. reissued a “sell” rating and set a $22.00 target price on shares of Ritchie Bros. Auctioneers in a research report on Friday, April 8th. BMO Capital Markets boosted their target price 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. Robert W. Baird reissued a “buy” rating on shares of Ritchie Bros. Auctioneers in a research report on Saturday, April 9th. Raymond James Financial Inc. reissued an “outperform” rating and set a $31.00 target price (up from $29.50) on shares of Ritchie Bros. Auctioneers in a research report on Monday, April 11th. Finally, Jefferies Group reissued a “buy” rating and set a $35.00 target price on shares of Ritchie Bros. Auctioneers in a research report on Tuesday, May 10th. Four analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Ritchie Bros. Auctioneers has an average rating of “Hold” and an average target price of $29.61.

The firm’s 50-day moving average price is $33.53 and its 200-day moving average price is $28.80. The company has a market cap of $3.48 billion and a PE ratio of 24.80.

Ritchie Bros. Auctioneers (NYSE:RBA) last posted its earnings results on Monday, May 9th. The company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.06. The company earned $131.90 million during the quarter, compared to analysts’ expectations of $116.02 million. During the same period in the prior year, the business posted $0.22 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, equities analysts anticipate that Ritchie Bros. Auctioneers Inc. will post $1.27 EPS for the current year.

Several large investors recently bought and sold shares of 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 valued at $3,534,000 after buying an additional 1,200 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 valued at $1,750,000 after buying an additional 6,771 shares in the last quarter. Edge Asset Management Inc. boosted its stake in Ritchie Bros. Auctioneers by 48.9% in the fourth quarter. Edge Asset Management Inc. now owns 217,608 shares of the company’s stock valued at $5,246,000 after buying an additional 71,419 shares in the last quarter. Schroder Investment Management Group boosted its stake in Ritchie Bros. Auctioneers by 814.7% in the fourth quarter. Schroder Investment Management Group now owns 521,400 shares of the company’s stock valued at $17,383,000 after buying an additional 464,400 shares in the last quarter. Finally, American Capital Management Inc. bought a new stake in Ritchie Bros. Auctioneers during the fourth quarter valued at 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.