Keeley Teton Advisors LLC Sells 126,708 Shares of Ritchie Bros. Auctioneers Incorporated (RBA)

Keeley Teton Advisors LLC lessened its holdings in Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) by 20.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 479,080 shares of the business services provider’s stock after selling 126,708 shares during the quarter. Keeley Teton Advisors LLC owned 0.45% of Ritchie Bros. Auctioneers worth $15,149,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in RBA. Forward Management LLC lifted its position in Ritchie Bros. Auctioneers by 11.0% during the second quarter. Forward Management LLC now owns 6,137 shares of the business services provider’s stock worth $176,000 after purchasing an additional 609 shares during the period. Stephens Inc. AR lifted its position in Ritchie Bros. Auctioneers by 8.4% during the second quarter. Stephens Inc. AR now owns 8,296 shares of the business services provider’s stock worth $238,000 after purchasing an additional 642 shares during the period. Commerce Bank lifted its position in Ritchie Bros. Auctioneers by 4.0% during the second quarter. Commerce Bank now owns 19,957 shares of the business services provider’s stock worth $574,000 after purchasing an additional 761 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Ritchie Bros. Auctioneers by 10.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,492 shares of the business services provider’s stock worth $244,000 after purchasing an additional 836 shares during the period. Finally, Suntrust Banks Inc. lifted its position in Ritchie Bros. Auctioneers by 7.6% during the second quarter. Suntrust Banks Inc. now owns 12,002 shares of the business services provider’s stock worth $344,000 after purchasing an additional 843 shares during the period. 98.88% of the stock is owned by institutional investors.

Several equities research analysts recently weighed in on RBA shares. Scotiabank set a $34.00 price objective on shares of Ritchie Bros. Auctioneers and gave the stock an “outperform” rating in a research report on Tuesday, September 12th. Zacks Investment Research raised shares of Ritchie Bros. Auctioneers from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. National Bank Financial cut their price objective on shares of Ritchie Bros. Auctioneers from $31.50 to $30.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 9th. TD Securities cut their price objective on shares of Ritchie Bros. Auctioneers from $27.00 to $25.00 and set a “reduce” rating for the company in a research report on Wednesday, August 9th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $33.00 price objective on shares of Ritchie Bros. Auctioneers in a research report on Tuesday, September 12th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $29.45.

Ritchie Bros. Auctioneers Incorporated (RBA) traded up $0.11 during mid-day trading on Thursday, hitting $27.04. 755,700 shares of the stock were exchanged, compared to its average volume of 661,811. The company has a market capitalization of $2,886.49, a PE ratio of 32.06, a P/E/G ratio of 3.34 and a beta of 0.64. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.20 and a quick ratio of 1.11. Ritchie Bros. Auctioneers Incorporated has a 52-week low of $24.08 and a 52-week high of $39.96.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 29th will be issued a $0.17 dividend. The ex-dividend date is Tuesday, November 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.51%. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is currently 111.48%.

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Ritchie Bros. Auctioneers Profile

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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