Ritchie Bros. Auctioneers Inc (NYSE:RBA) Shares Bought by GW&K Investment Management LLC

GW&K Investment Management LLC increased its holdings in Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) by 13.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,043,635 shares of the business services provider’s stock after purchasing an additional 248,524 shares during the quarter. Ritchie Bros. Auctioneers accounts for about 1.1% of GW&K Investment Management LLC’s holdings, making the stock its 7th largest holding. GW&K Investment Management LLC owned 1.89% of Ritchie Bros. Auctioneers worth $81,541,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RBA. Carillon Tower Advisers Inc. raised its holdings in shares of Ritchie Bros. Auctioneers by 2.5% during the third quarter. Carillon Tower Advisers Inc. now owns 2,685,399 shares of the business services provider’s stock valued at $107,148,000 after acquiring an additional 64,511 shares during the last quarter. Eagle Asset Management Inc. raised its holdings in shares of Ritchie Bros. Auctioneers by 1.5% during the third quarter. Eagle Asset Management Inc. now owns 3,697,097 shares of the business services provider’s stock valued at $147,510,000 after acquiring an additional 53,644 shares during the last quarter. Mondrian Investment Partners LTD raised its holdings in shares of Ritchie Bros. Auctioneers by 18.6% during the third quarter. Mondrian Investment Partners LTD now owns 1,660,039 shares of the business services provider’s stock valued at $87,667,000 after acquiring an additional 259,917 shares during the last quarter. State of Tennessee Treasury Department acquired a new position in shares of Ritchie Bros. Auctioneers during the third quarter valued at approximately $229,000. Finally, CIBC Asset Management Inc raised its holdings in shares of Ritchie Bros. Auctioneers by 0.9% during the third quarter. CIBC Asset Management Inc now owns 64,079 shares of the business services provider’s stock valued at $2,555,000 after acquiring an additional 561 shares during the last quarter. 89.73% of the stock is owned by institutional investors.

A number of equities analysts have commented on RBA shares. TD Securities increased their target price on Ritchie Bros. Auctioneers from $28.00 to $29.00 and gave the company a “reduce” rating in a report on Monday, August 12th. Zacks Investment Research cut Ritchie Bros. Auctioneers from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Barrington Research reissued a “hold” rating on shares of Ritchie Bros. Auctioneers in a report on Friday. Raymond James reissued a “market perform” rating and set a $36.50 target price on shares of Ritchie Bros. Auctioneers in a report on Monday, October 21st. Finally, Robert W. Baird increased their target price on Ritchie Bros. Auctioneers from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Ritchie Bros. Auctioneers currently has an average rating of “Hold” and a consensus price target of $36.25.

In related news, insider Todd Donald Wohler sold 2,000 shares of the 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 completion of the transaction, the insider now directly owns 11,919 shares in the company, valued at $474,376.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $89,633.07. Following the completion of the transaction, the insider now owns 5,626 shares of the company’s stock, valued at $221,270.58. The disclosure for this sale can be found here. Insiders sold 8,709 shares of company stock valued at $344,944 over the last quarter. 1.60% of the stock is currently owned by company insiders.

Shares of NYSE:RBA traded down $0.38 during midday trading on Friday, hitting $41.28. The company had a trading volume of 1,072,627 shares, compared to its average volume of 346,689. Ritchie Bros. Auctioneers Inc has a twelve month low of $30.76 and a twelve month high of $42.97. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.24 and a quick ratio of 1.12. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 38.22, a price-to-earnings-growth ratio of 4.67 and a beta of 0.69. The business’s 50-day simple moving average is $39.84 and its 200-day simple moving average is $36.72.

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

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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