Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) Shares purchased by TD Asset Management Inc.


TD Asset Management Inc. increased its position in shares of Ritchie Bros. Auctioneers Incorporated (NYSE: RBAGet a rating) (TSE:RBA) by 3.2% during the 1st quarter, according to the company in its latest filing with the SEC. The company held 467,275 shares of the business services provider after buying an additional 14,698 shares during the quarter. TD Asset Management Inc. held 0.42% of Ritchie Bros. Auctioneers worth $27,624,000 when last filed with the SEC.

Several other hedge funds have also recently changed their holdings in the company. Capital Research Global Investors increased its holdings of Ritchie Bros. shares. Auctioneers by 114.6% in the 4th quarter. Capital Research Global Investors now owns 1,542,261 shares of the business services provider worth $94,380,000 after acquiring an additional 823,682 shares in the last quarter. Boston Financial Management LLC has acquired a new position in shares of Ritchie Bros. Auctioneers in the 4th quarter for a value of $17,864,000. Mondrian Investment Partners LTD increased its holdings of Ritchie Bros. shares. Auctioneers by 27.7% in the 1st quarter. Mondrian Investment Partners LTD now owns 1,309,840 shares of the business services provider worth $96,719,000 after acquiring an additional 284,210 shares in the last quarter. JPMorgan Chase & Co. increased its holdings of Ritchie Bros. shares. Auctioneers by 18.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,544,583 shares of the business services provider worth $94,544,000 after acquiring an additional 244,032 shares in the last quarter. Finally, Connor Clark & ​​Lunn Investment Management Ltd. increased its holdings of Ritchie Bros. shares. Auctioneers of 105.0% during the fourth quarter. Connor Clark & ​​Lunn Investment Management Ltd. now owns 386,600 shares of the business services provider valued at $23,677,000 after buying an additional 198,000 shares last quarter. 81.62% of the shares are currently held by institutional investors and hedge funds.

Changes to analyst ratings

A number of research analysts have weighed in on the company recently. StockNews.com upgraded Ritchie Bros. Auctioneers from a “hold” rating to a “buy” rating in a Saturday, August 13 report. TD Securities raised its price target on Ritchie Bros. Auctioneers from $55.00 to $58.00 and gave the company a “holding” rating in a Thursday, May 12 report. Raymond James raised his price target on Ritchie Bros. Auctioneers from $60.00 to $62.00 and gave the company a “market performance” rating in a Monday, Aug. 8 report. Bank of America relieved Ritchie Bros. Auctioneers from a “neutral” rating to a “buy” rating and set a price target of $75.00 on the stock in a Thursday, July 14, report. Finally, Royal Bank of Canada raised its price target on Ritchie Bros. Auctioneers from $60.00 to $67.00 and gave the company an “outperform” rating in a Thursday, May 12 report. Three equity research analysts gave the stock a sell rating, three issued a hold rating and three gave the company a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $64.00.

Price performance of Ritchie Bros. auctioneers

RBA opened at $70.48 on Monday. The stock has a market capitalization of $7.81 billion, a price/earnings ratio of 26.70, a PEG ratio of 5.91 and a beta of 1.01. Ritchie Bros. Auctioneers Incorporated has a 1-year low of $48.65 and a 1-year high of $76.18. The company has a current ratio of 1.26, a quick ratio of 1.10 and a debt ratio of 0.51. The stock has a fifty-day moving average price of $66.59 and a 200-day moving average price of $60.83.

Ritchie Bros. Auctioneers increases its dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 14. Investors of record on Wednesday, August 24 will receive a dividend of $0.27 per share. This is a boost from Ritchie Bros.’ previous quarterly dividend. $0.25 auctioneers. The ex-dividend date is Tuesday, August 23. This represents a dividend of $1.08 on an annualized basis and a yield of 1.53%. The dividend payout ratio (DPR) of Ritchie Bros. Auctioneers is currently at 37.88%.

About Ritchie Bros. auctioneers

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Ritchie Bros. Auctioneers Incorporated, an asset management and disposal company, sells industrial equipment and other durable assets through its unreserved auctions, online marketplaces, listing services and private brokerage services. It sells a range of used and unused business assets, including earth-moving equipment, tractor trucks and 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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