Ritchie Bros. Auctioneers Incorporated (RBA) Position Boosted by Aberdeen Asset Management PLC UK

Aberdeen Asset Management PLC UK boosted its stake in shares of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) by 26.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,916,302 shares of the business services provider’s stock after buying an additional 402,984 shares during the period. Aberdeen Asset Management PLC UK owned approximately 1.79% of Ritchie Bros. Auctioneers worth $63,046,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Axiom International Investors LLC DE bought a new stake in shares of Ritchie Bros. Auctioneers during the fourth quarter valued at $2,918,000. Ashmore Wealth Management LLC bought a new stake in shares of Ritchie Bros. Auctioneers during the fourth quarter valued at $15,853,000. Columbia Wanger Asset Management LLC acquired a new position in Ritchie Bros. Auctioneers during the fourth quarter valued at about $39,406,000. Nicholas Investment Partners LP boosted its position in Ritchie Bros. Auctioneers by 59.6% in the fourth quarter. Nicholas Investment Partners LP now owns 224,516 shares of the business services provider’s stock valued at $7,634,000 after buying an additional 83,869 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Ritchie Bros. Auctioneers by 14.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 101,679 shares of the business services provider’s stock valued at $3,457,000 after buying an additional 13,004 shares in the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

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

Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) traded down 2.79% during trading on Friday, hitting $29.66. The company had a trading volume of 1,192,679 shares. The stock has a 50-day moving average of $31.39 and a 200 day moving average of $32.84. Ritchie Bros. Auctioneers Incorporated has a one year low of $27.13 and a one year high of $39.96. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 43.62 and a beta of 0.57.

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 13th. Investors of record on Tuesday, May 23rd were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, May 19th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.29%. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is presently 100.00%.

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Several research analysts recently weighed in on RBA shares. TD Securities reaffirmed a “sell” rating on shares of Ritchie Bros. Auctioneers in a research note on Tuesday, May 9th. CIBC reissued an “outperform” rating and issued a $36.00 price objective on shares of Ritchie Bros. Auctioneers in a research note on Thursday, April 13th. Zacks Investment Research downgraded Ritchie Bros. Auctioneers from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 9th. Jefferies Group LLC reaffirmed a “hold” rating and set a $29.00 price target (down from $32.00) on shares of Ritchie Bros. Auctioneers in a research note on Friday, April 14th. Finally, William Blair reaffirmed an “outperform” rating on shares of Ritchie Bros. Auctioneers in a research note on Monday, April 24th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $35.96.

Ritchie Bros. Auctioneers Company Profile

Ritchie Bros Auctioneers Inc is a Canada-based holding company. The Company is an industrial auctioneer and used equipment distributor, selling used equipment and other assets. Its segments include Core Auction, which is a network of auction locations that conduct live, unreserved auctions with both on-site and online bidding, and Other, which includes its EquipmentOne and Mascus International Holding B.V.

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