Moody National Bank Trust Division bought a new stake in shares of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA – Get Rating) (TSE:RBA) in the fourth quarter, Holdings Channel reports. The fund bought 12,300 shares of the business services provider’s stock, valued at approximately $711,000.
Several other large investors have also recently made changes to their positions in RBA. New Century Advisors LLC increased its position in Ritchie Bros. Auctioneers by 99.1% during the 3rd quarter. New Century Advisors LLC now owns 436 shares of the business services provider’s stock valued at $27,000 after buying an additional 217 shares in the last quarter. Private Trust Co. NA purchased a new position in shares of Ritchie Bros. Auctioneers in the 2nd quarter worth about $45,000. BNP Paribas Arbitrage SA boosted its stake in Ritchie Bros. Auctioneers by 41.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,114 shares of the business services provider’s stock worth $72,000 after purchasing an additional 325 shares in the last quarter. Signaturefd LLC grew its position in Ritchie Bros. Auctioneers by 28.6% during the 3rd quarter. Signaturefd LLC now owns 1,285 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 286 shares during the last quarter. Finally, Twin Tree Management LP bought a new stake in Ritchie Bros. Auctioneers during the 3rd quarter valued at about $103,000. 81.09% of the stock is currently owned by hedge funds and other institutional investors.
Ritchie Bros. Auctioneers Stock Performance
Shares of RBA stock opened at $52.84 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.21 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $5.87 billion, a PE ratio of 18.48, a P/E/G ratio of 3.27 and a beta of 0.91. The company has a 50 day moving average price of $59.97 and a 200-day moving average price of $60.08. Ritchie Bros. Auctioneers Incorporated has a 52 week low of $48.72 and a 52 week high of $72.73.
Ritchie Bros. Auctioneers Announces Dividend
The firm also recently disclosed a — dividend, which will be paid on Tuesday, March 28th. Investors of record on Friday, March 17th will be issued a $1.08 dividend. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, March 21st. Ritchie Bros. Auctioneers’s payout ratio is 37.76%.
Analysts Set New Price Targets
RBA has been the topic of several analyst reports. StockNews.com assumed coverage on shares of Ritchie Bros. Auctioneers in a research note on Thursday. They issued a “hold” rating on the stock. Raymond James increased their target price on Ritchie Bros. Auctioneers from $55.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, January 24th. Robert W. Baird boosted their price target on Ritchie Bros. Auctioneers from $62.00 to $66.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 24th. Scotiabank upgraded Ritchie Bros. Auctioneers from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $59.00 to $65.00 in a report on Monday, December 5th. Finally, National Bankshares upped their target price on shares of Ritchie Bros. Auctioneers from $62.00 to $63.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.67.
Ritchie Bros. Auctioneers Company Profile
Ritchie Bros. Auctioneers, Inc is an industrial auctioneer, which engages in the sale of equipment to on-site and online bidders. It operates through the following segments: Auctions and Marketplaces, Ritchie Bros. Financial Services and Mascus. The Auctions and Marketplaces segment consists of live on site auctions, online auctions and marketplaces, and brokerage service.
- Get a free copy of the StockNews.com research report on Ritchie Bros. Auctioneers (RBA)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
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 Incorporated (NYSE:RBA – Get Rating) (TSE:RBA).
Receive News & Ratings for Ritchie Bros. Auctioneers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ritchie Bros. Auctioneers and related companies with MarketBeat.com's FREE daily email newsletter.