Daiwa Securities Group Inc. Trims Holdings in Ritchie Bros. Auctioneers Inc (NYSE:RBA)

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Daiwa Securities Group Inc. trimmed its position in Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) by 9.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,281 shares of the business services provider’s stock after selling 6,166 shares during the period. Daiwa Securities Group Inc. owned about 0.05% of Ritchie Bros. Auctioneers worth $2,325,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quest Capital Management Inc. ADV purchased a new position in Ritchie Bros. Auctioneers in the 3rd quarter valued at about $39,000. Arcadia Investment Management Corp MI lifted its holdings in Ritchie Bros. Auctioneers by 233.3% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 3,000 shares of the business services provider’s stock valued at $100,000 after purchasing an additional 2,100 shares in the last quarter. NEXT Financial Group Inc lifted 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. Hengehold Capital Management LLC purchased a new position in Ritchie Bros. Auctioneers in the 3rd quarter valued at about $212,000. Finally, State of Tennessee Treasury Department purchased a new position in Ritchie Bros. Auctioneers in the 3rd quarter valued at about $229,000. Institutional investors own 89.73% of the company’s stock.

RBA opened at $41.28 on Friday. The firm has a 50 day moving average price of $39.84 and a 200 day moving average price of $36.72. The company has a market cap of $4.39 billion, a PE ratio of 38.22, a price-to-earnings-growth ratio of 4.67 and a beta of 0.69. Ritchie Bros. Auctioneers Inc has a 1 year low of $30.76 and a 1 year high of $42.97. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.12 and a current ratio of 1.24.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last posted its earnings results on Thursday, November 7th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. The firm had revenue of $289.80 million during the quarter, compared to the consensus estimate of $289.55 million. Ritchie Bros. Auctioneers had a net margin of 10.08% and a return on equity of 15.27%. The company’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 EPS. On average, sell-side analysts predict that Ritchie Bros. Auctioneers Inc will post 1.27 earnings per share for the current year.

In related news, insider Todd Donald Wohler sold 2,428 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $39.80, for a total transaction of $96,634.40. Following the completion of the sale, the insider now owns 9,491 shares of the company’s stock, valued at approximately $377,741.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Darren Jeffrey Watt sold 2,279 shares of the 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 sale, the insider now directly owns 5,626 shares of the company’s stock, valued at approximately $221,270.58. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,709 shares of company stock valued at $344,944. Corporate insiders own 1.60% of the company’s stock.

A number of research analysts have issued reports on RBA shares. ValuEngine lowered shares of Ritchie Bros. Auctioneers from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Bank of America increased their price objective on shares of Ritchie Bros. Auctioneers from $32.00 to $33.50 and gave the stock an “underperform” rating in a report on Friday, August 9th. OTR Global upgraded shares of Ritchie Bros. Auctioneers to a “positive” rating in a report on Friday, October 25th. Raymond James reiterated a “market perform” rating and set a $36.50 price objective on shares of Ritchie Bros. Auctioneers in a report on Monday, October 21st. Finally, Royal Bank of Canada increased their price objective on shares of Ritchie Bros. Auctioneers from $34.00 to $36.00 and gave the stock a “hold” rating in a report on Monday, August 12th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Ritchie Bros. Auctioneers has an average rating of “Hold” and a consensus price target of $36.25.

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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Want to see what other hedge funds are holding RBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA).

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

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