Ritchie Bros. Auctioneers Inc (NYSE:RBA) Stock Holdings Boosted by GW&K Investment Management LLC

GW&K Investment Management LLC increased its stake in shares of Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) by 13.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,043,635 shares of the business services provider’s stock after buying an additional 248,524 shares during the quarter. Ritchie Bros. Auctioneers comprises about 1.1% of GW&K Investment Management LLC’s holdings, making the stock its 7th largest position. GW&K Investment Management LLC’s holdings in Ritchie Bros. Auctioneers were worth $81,541,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RBA. NEXT Financial Group Inc boosted its holdings in Ritchie Bros. Auctioneers by 9.4% in the 2nd quarter. NEXT Financial Group Inc now owns 3,557 shares of the business services provider’s stock valued at $118,000 after purchasing an additional 307 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in Ritchie Bros. Auctioneers by 0.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 86,742 shares of the business services provider’s stock valued at $2,882,000 after purchasing an additional 493 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Ritchie Bros. Auctioneers by 0.9% in the 3rd quarter. CIBC Asset Management Inc now owns 64,079 shares of the business services provider’s stock valued at $2,555,000 after purchasing an additional 561 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Ritchie Bros. Auctioneers by 5.4% in the 2nd quarter. HighTower Advisors LLC now owns 11,259 shares of the business services provider’s stock valued at $373,000 after purchasing an additional 578 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Ritchie Bros. Auctioneers by 10.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,888 shares of the business services provider’s stock valued at $275,000 after purchasing an additional 626 shares in the last quarter. 89.73% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ritchie Bros. Auctioneers stock traded down $0.38 during trading on Friday, hitting $41.28. 1,072,627 shares of the company were exchanged, compared to its average volume of 346,689. The company has a quick ratio of 1.12, a current ratio of 1.24 and a debt-to-equity ratio of 0.82. Ritchie Bros. Auctioneers Inc has a fifty-two week low of $30.76 and a fifty-two week high of $42.97. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 38.22, a P/E/G ratio of 4.67 and a beta of 0.69. The firm has a 50 day moving average price of $39.84 and a 200 day moving average price of $36.72.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Ritchie Bros. Auctioneers had a return on equity of 15.27% and a net margin of 10.08%. The firm had revenue of $289.80 million during the quarter, compared to the consensus estimate of $289.55 million. During the same period in the previous year, the firm posted $0.18 EPS. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. Analysts predict that Ritchie Bros. Auctioneers Inc will post 1.27 earnings per share for the current year.

Several equities research analysts have recently commented on the company. Robert W. Baird boosted their price target on Ritchie Bros. Auctioneers from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Zacks Investment Research lowered Ritchie Bros. Auctioneers from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Royal Bank of Canada boosted their price target on Ritchie Bros. Auctioneers from $34.00 to $36.00 and gave the stock a “hold” rating in a research note on Monday, August 12th. Bank of America boosted their price target on Ritchie Bros. Auctioneers from $32.00 to $33.50 and gave the stock an “underperform” rating in a research note on Friday, August 9th. Finally, Raymond James reissued a “market perform” rating and set a $36.50 price target on shares of Ritchie Bros. Auctioneers in a research note on Monday, October 21st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $36.25.

In related news, insider Darren Jeffrey Watt sold 2,279 shares of Ritchie Bros. Auctioneers stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $39.33, for a total transaction of $89,633.07. Following the completion of the transaction, the insider now directly owns 5,626 shares in the company, valued at approximately $221,270.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Todd Donald Wohler sold 2,000 shares of Ritchie Bros. Auctioneers stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $39.80, for a total value of $79,600.00. Following the transaction, the insider now owns 11,919 shares of the company’s stock, valued at $474,376.20. The disclosure for this sale can be found here. Insiders have sold a total of 8,709 shares of company stock valued at $344,944 over the last 90 days. Insiders own 1.60% of the company’s stock.

About Ritchie Bros. Auctioneers

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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