Marshall Wace North America L.P. lessened its holdings in shares of Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) by 78.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,768 shares of the business services provider’s stock after selling 106,203 shares during the quarter. Marshall Wace North America L.P.’s holdings in Ritchie Bros. Auctioneers were worth $1,278,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in RBA. UBS Group AG raised its holdings in Ritchie Bros. Auctioneers by 0.7% in the fourth quarter. UBS Group AG now owns 47,617 shares of the business services provider’s stock valued at $2,045,000 after acquiring an additional 308 shares in the last quarter. Bell Bank increased its position in shares of Ritchie Bros. Auctioneers by 1.5% in the 4th quarter. Bell Bank now owns 21,992 shares of the business services provider’s stock valued at $945,000 after purchasing an additional 318 shares during the last quarter. State Street Corp increased its position in shares of Ritchie Bros. Auctioneers by 4.8% in the 4th quarter. State Street Corp now owns 9,431 shares of the business services provider’s stock valued at $405,000 after purchasing an additional 431 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of Ritchie Bros. Auctioneers by 3.8% in the 4th quarter. Great West Life Assurance Co. Can now owns 15,773 shares of the business services provider’s stock valued at $671,000 after purchasing an additional 579 shares during the last quarter. Finally, NEXT Financial Group Inc raised its holdings in shares of Ritchie Bros. Auctioneers by 15.9% in the 4th quarter. NEXT Financial Group Inc now owns 4,837 shares of the business services provider’s stock valued at $208,000 after purchasing an additional 662 shares in the last quarter. 91.21% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on RBA shares. Raymond James upgraded shares of Ritchie Bros. Auctioneers from a “market perform” rating to an “outperform” rating and set a $33.00 target price for the company in a research note on Tuesday. Zacks Investment Research cut Ritchie Bros. Auctioneers from a “buy” rating to a “hold” rating in a research note on Saturday, February 29th. William Blair reaffirmed an “outperform” rating on shares of Ritchie Bros. Auctioneers in a report on Thursday, February 27th. Barrington Research raised Ritchie Bros. Auctioneers from a “market perform” rating to an “outperform” rating and set a $42.50 price target for the company in a report on Friday, March 20th. They noted that the move was a valuation call. Finally, National Bank Financial raised Ritchie Bros. Auctioneers from an “underperform” rating to a “sector perform” rating and lowered their price objective for the stock from $37.00 to $35.00 in a research report on Monday, March 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $38.72.

In related news, insider Todd Donald Wohler sold 16,961 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $40.49, for a total transaction of $686,750.89. Following the completion of the sale, the insider now owns 16,961 shares in the company, valued at $686,750.89. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.60% of the stock is owned by insiders.

RBA stock opened at $31.12 on Thursday. The business has a 50 day moving average price of $38.68 and a 200 day moving average price of $40.87. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 3.10 and a beta of 0.68. Ritchie Bros. Auctioneers Inc has a fifty-two week low of $25.92 and a fifty-two week high of $45.16. The company has a quick ratio of 1.23, a current ratio of 1.36 and a debt-to-equity ratio of 0.69.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last posted its earnings results on Thursday, February 27th. The business services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. The firm had revenue of $332.20 million during the quarter, compared to analysts’ expectations of $369.82 million. Ritchie Bros. Auctioneers had a return on equity of 17.03% and a net margin of 11.30%. The firm’s revenue was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.32 earnings per share. As a group, sell-side analysts anticipate that Ritchie Bros. Auctioneers Inc will post 1.43 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 14th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Thursday, February 13th. Ritchie Bros. Auctioneers’s payout ratio is 60.15%.

Ritchie Bros. Auctioneers Company Profile

Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved live on site 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, as well as construction and heavy machinery.

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

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