Ritchie Bros. Auctioneers Incor (NYSE:RBA).
Cgov Asset Management raised its stake in Ritchie Bros. Auctioneers Incor stock by 1,038,173 shares in the last quarter. Its stake stood at $161,611,000 an increase of 11.9% as of quarter end.
Here are some other firms who have updated their holdings. As of the end of the quarter Creative Planning had acquired a total of 315 shares growing its stake by 94.9%. The value of the investment in Ritchie Bros. Auctioneers Incor went from $11,000 to $19,000 a change of $8,000 for the reporting period. As of quarter end Trust Co Of Vermont had sold 33 shares trimming its position 22.0%. The value of the investment in (RBA) decreased from $5,000 to $3,000 a change of 40.0% quarter over quarter.
Gw&k Investment Management, LLC expanded its position by buying 83,169 shares an increase of 4.8%. Gw&k Investment Management, LLC controls 1,833,700 shares valued at $52,701,000. The total value of its holdings decreased 8.5%.
On July 10, 2017 the stock rating was changed to a “Sector Perform” according to a CIBC report a cut from the previous “” rating. On August 31 the company was set at “Neutral” by Bank of America up from the previous “Underperform” rating.
On August 25 analysts at Macquarie initiated coverage with an initial rating of “Outperform” and establishing a price target of $34.00. On August 15 the stock rating was upgraded from “Sector Weight” to “Overweight” in a report from KeyBanc.
On July 22, 2016 the stock rating was rated “Negative” in a report from OTR Global which is down from the previous “Negative” rating. On July 15, 2016 the stock rating was changed to a “Hold” in a report from Jefferies which was a cut from the previous “Buy” rating.
In the market the company is trading down from yesterday’s close of $27.48. Additionally the company recently declared a dividend for shareholders that was paid on Tuesday June 13th, 2017. The dividend was $0.170 per share for the quarter or $0.68 annualized. This dividend represents a yeild of $2.34 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Thursday the 18th of May 2017.
Company chares are trading at $27.38 which is marginally under $30.60, the stock’s 50 day moving average and just a bit lower than the 200 day moving average of $32.21. The 50 day moving average went down $-3.22 or -10.54% and the 200 day average was down $-4.83.
The company currently has a P/E ratio of 40.26 and the market cap is 2.93B. As of the last earnings report the EPS was $0.68 and is projected to be $1.12 for the current year with 106,985,000 shares outstanding. Next quarter’s EPS is expected be $0.22 and the next full year EPS is anticipated to be $1.24.