D.A. Davidson & CO. trimmed its holdings in Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) by 47.0% during the third quarter, HoldingsChannel reports. The firm owned 6,814 shares of the business services provider’s stock after selling 6,049 shares during the period. D.A. Davidson & CO.’s holdings in Ritchie Bros. Auctioneers were worth $246,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Ritchie Bros. Auctioneers by 1.4% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 360,343 shares of the business services provider’s stock valued at $13,019,000 after buying an additional 4,970 shares during the period. Trexquant Investment LP purchased a new stake in shares of Ritchie Bros. Auctioneers during the 3rd quarter valued at approximately $682,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Ritchie Bros. Auctioneers during the 3rd quarter valued at approximately $1,985,000. Bank of New York Mellon Corp raised its position in shares of Ritchie Bros. Auctioneers by 8.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 40,967 shares of the business services provider’s stock valued at $1,480,000 after buying an additional 3,119 shares during the period. Finally, Granite Investment Partners LLC raised its position in shares of Ritchie Bros. Auctioneers by 10.4% during the 3rd quarter. Granite Investment Partners LLC now owns 21,639 shares of the business services provider’s stock valued at $782,000 after buying an additional 2,046 shares during the period. 91.10% of the stock is currently owned by institutional investors and hedge funds.

RBA has been the topic of several analyst reports. Scotiabank set a $39.00 price target on shares of Ritchie Bros. Auctioneers and gave the company a “hold” rating in a research report on Monday, August 13th. Barrington Research reissued a “hold” rating on shares of Ritchie Bros. Auctioneers in a research report on Monday, August 13th. National Bank Financial cut their target price on Ritchie Bros. Auctioneers from $39.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Monday, November 12th. Zacks Investment Research lowered Ritchie Bros. Auctioneers from a “buy” rating to a “hold” rating in a research report on Friday, August 31st. Finally, Royal Bank of Canada boosted their target price on Ritchie Bros. Auctioneers from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Monday, August 13th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $36.00.

Shares of NYSE RBA opened at $33.28 on Friday. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 41.09, a PEG ratio of 2.30 and a beta of 0.77. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.12 and a current ratio of 1.28. Ritchie Bros. Auctioneers Inc has a 52-week low of $27.77 and a 52-week high of $38.77.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings results on Thursday, November 8th. The business services provider reported $0.18 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. The business had revenue of $159.30 million during the quarter, compared to the consensus estimate of $163.59 million. Ritchie Bros. Auctioneers had a net margin of 12.36% and a return on equity of 14.15%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 earnings per share. Analysts predict that Ritchie Bros. Auctioneers Inc will post 1.11 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Wednesday, November 28th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $0.72 annualized dividend and a dividend yield of 2.16%. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is 88.89%.

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About Ritchie Bros. Auctioneers

Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved auctions, online marketplaces, listing services, and private brokerage services. The company sells a range of used and unused equipment, including earthmoving equipment, truck trailers, government surplus, oil and gas equipment, and other industrial assets.

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

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