12,300 Shares in Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) Purchased by Moody National Bank Trust Division

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 (NYSE:RBA – Get Rating) (TSE:RBA) last posted its quarterly earnings data on Tuesday, February 21st. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.10. The company had revenue of $443.86 million for the quarter, compared to the consensus estimate of $430.21 million. Ritchie Bros. Auctioneers had a net margin of 18.44% and a return on equity of 25.58%. The firm’s revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 earnings per share. As a group, equities research analysts expect that Ritchie Bros. Auctioneers Incorporated will post 2.34 earnings per share for the current year.

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

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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.