Dimensional Fund Advisors LP lowered its holdings in shares of Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) by 59.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 43,816 shares of the business services provider’s stock after selling 63,510 shares during the period. Dimensional Fund Advisors LP’s holdings in Ritchie Bros. Auctioneers were worth $1,385,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Legal & General Group Plc raised its holdings in shares of Ritchie Bros. Auctioneers by 35.4% during the 3rd quarter. Legal & General Group Plc now owns 20,270 shares of the business services provider’s stock worth $639,000 after buying an additional 5,300 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Ritchie Bros. Auctioneers by 13.8% during the 3rd quarter. Great West Life Assurance Co. Can now owns 724,537 shares of the business services provider’s stock worth $22,796,000 after buying an additional 87,803 shares in the last quarter. ETRADE Capital Management LLC acquired a new position in shares of Ritchie Bros. Auctioneers during the 3rd quarter worth $218,000. Assetmark Inc. raised its holdings in shares of Ritchie Bros. Auctioneers by 30.9% during the 3rd quarter. Assetmark Inc. now owns 49,615 shares of the business services provider’s stock worth $1,569,000 after buying an additional 11,701 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Ritchie Bros. Auctioneers during the 3rd quarter worth $287,000. 97.88% of the stock is owned by institutional investors.

In other Ritchie Bros. Auctioneers news, insider Karl William Werner sold 5,400 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $28.68, for a total value of $154,872.00. Following the completion of the transaction, the insider now owns 5,400 shares of the company’s stock, valued at approximately $154,872. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.39% of the stock is owned by corporate insiders.

Ritchie Bros. Auctioneers Inc (NYSE:RBA) opened at $30.72 on Friday. Ritchie Bros. Auctioneers Inc has a fifty-two week low of $24.08 and a fifty-two week high of $35.21. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.20 and a quick ratio of 1.11. The stock has a market capitalization of $3,260.00, a PE ratio of 50.36, a price-to-earnings-growth ratio of 3.26 and a beta of 0.66.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last issued its earnings results on Thursday, November 9th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.05). Ritchie Bros. Auctioneers had a return on equity of 13.04% and a net margin of 11.43%. The firm had revenue of $141.05 million during the quarter, compared to analyst estimates of $139.96 million. During the same period in the previous year, the company earned $0.20 EPS. Ritchie Bros. Auctioneers’s revenue for the quarter was up 9.4% on a year-over-year basis. equities analysts forecast that Ritchie Bros. Auctioneers Inc will post 0.85 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 16th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.68 dividend on an annualized basis and a yield of 2.21%. Ritchie Bros. Auctioneers’s payout ratio is presently 111.48%.

A number of equities analysts have recently commented on the company. TD Securities boosted their price target on Ritchie Bros. Auctioneers from $22.00 to $25.00 and gave the stock a “reduce” rating in a report on Wednesday, January 10th. OTR Global raised Ritchie Bros. Auctioneers from a “reduce” rating to a “neutral” rating in a report on Thursday, February 1st. Oppenheimer reissued a “hold” rating on shares of Ritchie Bros. Auctioneers in a report on Monday, November 13th. Bank of America boosted their price target on Ritchie Bros. Auctioneers from $21.50 to $30.00 and gave the stock an “underperform” rating in a report on Thursday, February 1st. Finally, Raymond James Financial lowered their price target on Ritchie Bros. Auctioneers from $29.00 to $26.50 and set a “market perform” rating for the company in a report on Monday, November 13th. Four analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $31.39.

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About Ritchie Bros. Auctioneers

Ritchie Bros Auctioneers Inc is a Canada-based holding company. The Company is an industrial auctioneer and used equipment distributor, selling used equipment and other assets. Its segments include Core Auction, which is a network of auction locations that conduct live, unreserved auctions with both on-site and online bidding, and Other, which includes its EquipmentOne and Mascus International Holding B.V.

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Institutional Ownership by Quarter for Ritchie Bros. Auctioneers (NYSE:RBA)

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