Gotham Asset Management LLC Buys 730 Shares of Ritchie Bros. Auctioneers Inc (NYSE:RBA)

Gotham Asset Management LLC grew its position in Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,371 shares of the business services provider’s stock after purchasing an additional 730 shares during the quarter. Gotham Asset Management LLC’s holdings in Ritchie Bros. Auctioneers were worth $797,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Armstrong Henry H Associates Inc. boosted its stake in shares of Ritchie Bros. Auctioneers by 7.2% in the fourth quarter. Armstrong Henry H Associates Inc. now owns 6,685 shares of the business services provider’s stock valued at $219,000 after buying an additional 450 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Ritchie Bros. Auctioneers by 8.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,898 shares of the business services provider’s stock valued at $226,000 after buying an additional 518 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Ritchie Bros. Auctioneers by 9.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 6,347 shares of the business services provider’s stock valued at $208,000 after buying an additional 529 shares during the period. Comerica Bank boosted its stake in shares of Ritchie Bros. Auctioneers by 5.6% in the fourth quarter. Comerica Bank now owns 10,559 shares of the business services provider’s stock valued at $380,000 after buying an additional 564 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Ritchie Bros. Auctioneers by 4.0% in the third quarter. Legal & General Group Plc now owns 25,061 shares of the business services provider’s stock valued at $904,000 after buying an additional 953 shares during the period. 92.74% of the stock is currently owned by institutional investors.

NYSE RBA opened at $34.10 on Tuesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.37 and a quick ratio of 1.11. Ritchie Bros. Auctioneers Inc has a fifty-two week low of $30.76 and a fifty-two week high of $38.77. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 31.57, a price-to-earnings-growth ratio of 2.04 and a beta of 0.80.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last released its earnings results on Thursday, February 28th. The business services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.04). Ritchie Bros. Auctioneers had a return on equity of 14.68% and a net margin of 10.38%. The business had revenue of $355.97 million for the quarter, compared to the consensus estimate of $308.52 million. As a group, analysts predict that Ritchie Bros. Auctioneers Inc will post 1.27 EPS for the current fiscal year.

Several brokerages recently issued reports on RBA. Bank of America set a $35.00 price target on Ritchie Bros. Auctioneers and gave the company a “sell” rating in a research note on Friday, March 1st. Raymond James reiterated a “market perform” rating and issued a $38.00 price target on shares of Ritchie Bros. Auctioneers in a research note on Monday, February 25th. OTR Global upgraded Ritchie Bros. Auctioneers to a “positive” rating in a research note on Monday, February 4th. Zacks Investment Research upgraded Ritchie Bros. Auctioneers from a “hold” rating to a “strong-buy” rating and set a $41.00 price target for the company in a research note on Saturday, January 19th. Finally, Royal Bank of Canada cut their price target on Ritchie Bros. Auctioneers from $36.00 to $35.00 and set a “sector perform” rating for the company in a research note on Monday, March 4th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $37.06.

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About Ritchie Bros. Auctioneers

Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved 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.

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

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