Ritholtz Wealth Management Sells 2,869 Shares of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA)

Ritholtz Wealth Management trimmed its position in shares of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) by 23.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 9,372 shares of the business services provider’s stock after selling 2,869 shares during the quarter. Ritholtz Wealth Management’s holdings in Ritchie Bros. Auctioneers were worth $549,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Riverbridge Partners LLC raised its stake in shares of Ritchie Bros. Auctioneers by 19.5% during the first quarter. Riverbridge Partners LLC now owns 4,496,671 shares of the business services provider’s stock valued at $263,280,000 after acquiring an additional 733,486 shares during the last quarter. Fiera Capital Corp raised its stake in Ritchie Bros. Auctioneers by 14.3% in the first quarter. Fiera Capital Corp now owns 2,321,784 shares of the business services provider’s stock worth $135,876,000 after buying an additional 290,143 shares in the last quarter. FIL Ltd raised its stake in Ritchie Bros. Auctioneers by 61.6% in the fourth quarter. FIL Ltd now owns 1,860,199 shares of the business services provider’s stock worth $129,303,000 after buying an additional 709,247 shares in the last quarter. GW&K Investment Management LLC raised its stake in Ritchie Bros. Auctioneers by 6.6% in the first quarter. GW&K Investment Management LLC now owns 1,818,546 shares of the business services provider’s stock worth $106,476,000 after buying an additional 112,408 shares in the last quarter. Finally, Mondrian Investment Partners LTD raised its stake in Ritchie Bros. Auctioneers by 235.7% in the first quarter. Mondrian Investment Partners LTD now owns 1,504,674 shares of the business services provider’s stock worth $117,650,000 after buying an additional 1,056,428 shares in the last quarter. 83.80% of the stock is owned by hedge funds and other institutional investors.

In other news, insider James J. Jeter sold 3,200 shares of the stock in a transaction that occurred on Monday, May 24th. The shares were sold at an average price of $62.34, for a total transaction of $199,488.00. Following the sale, the insider now owns 22,173 shares in the company, valued at $1,382,264.82. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CMO Matthew Ackley sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 13th. The stock was sold at an average price of $60.57, for a total transaction of $121,140.00. Following the completion of the sale, the chief marketing officer now owns 19,510 shares in the company, valued at approximately $1,181,720.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,075 shares of company stock worth $3,114,847. Corporate insiders own 0.54% of the company’s stock.

NYSE:RBA opened at $57.68 on Friday. The firm’s 50 day moving average price is $62.04. Ritchie Bros. Auctioneers Incorporated has a 52 week low of $38.80 and a 52 week high of $78.64. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $6.36 billion, a PE ratio of 36.28, a price-to-earnings-growth ratio of 4.89 and a beta of 1.16.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings results on Sunday, May 9th. The business services provider reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. Ritchie Bros. Auctioneers had a net margin of 12.22% and a return on equity of 19.56%. The firm had revenue of $331.56 million for the quarter, compared to analysts’ expectations of $294.73 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The business’s revenue for the quarter was up 21.3% on a year-over-year basis. On average, sell-side analysts forecast that Ritchie Bros. Auctioneers Incorporated will post 1.82 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 16th. Stockholders of record on Wednesday, May 26th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Tuesday, May 25th. Ritchie Bros. Auctioneers’s payout ratio is 26.19%.

A number of equities analysts recently issued reports on RBA shares. TD Securities increased their price target on shares of Ritchie Bros. Auctioneers from $57.00 to $67.00 and gave the stock a “hold” rating in a research note on Wednesday, May 12th. Zacks Investment Research raised shares of Ritchie Bros. Auctioneers from a “sell” rating to a “hold” rating in a research note on Tuesday, April 27th. Raymond James increased their price target on shares of Ritchie Bros. Auctioneers from $59.00 to $65.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 12th. National Bankshares cut shares of Ritchie Bros. Auctioneers from an “outperform” rating to a “sector perform” rating and set a $66.00 price objective on the stock. in a report on Wednesday, May 12th. Finally, National Bank Financial cut shares of Ritchie Bros. Auctioneers from an “outperform” rating to a “sector perform” rating and set a $66.00 price objective on the stock. in a report on Tuesday, May 11th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $64.86.

Ritchie Bros. Auctioneers 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. It sells a range of used and unused commercial assets, including earthmoving equipment, truck tractors and 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 Incorporated (NYSE:RBA) (TSE:RBA).

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

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