Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) by 590.0% during the first quarter, according to its most recent filing with the SEC. First Bank & Trust now owns 5,191 shares of the business services provider's stock worth $171,000 after buying an additional 727 shares during the last quarter.
Other firms have also shifted positions in (RBA). Macquarie Research initiated Ritchie Bros. Auctioneers during the second quarter valued at $5,831,000. World Asset Management Inc increased its stake in Ritchie Bros. BidaskClub raised Ritchie Bros. Forward Management LLC raised its position in shares of Ritchie Bros. Auctioneers by 57.1% in the first quarter. Forward Management LLC now owns 5,528 shares of the business services provider's stock worth $182,000 after buying an additional 188 shares during the period. As of quarter end Mitsubishi Ufj Trust & Banking Corp had disposed of 2,200 shares trimming its stake by 0.6%. Auctioneers during the fourth quarter valued at approximately $53,619,000. Bank of Montreal Can now owns 770,094 shares of the business services provider's stock worth $25,337,000 after buying an additional 17,930 shares in the last quarter. The institutional investor owned 33,747 shares of the business services provider's stock after buying an additional 21,644 shares during the period.
Shares of Ritchie Bros. We have $26.75 PT which if reached, will make NYSE:RBA worth $119.20M less. The 50 day moving average went up $1.34 or +4.75% whereas the 200 day moving average was down $-1.27 or -4.11%. The company has market cap of $2.98 billion. Auctioneers Incorporated (NYSE:RBA) inclined 8.57% in morning trade Tuesday. The business services provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. Ritchie Bros. Auctioneers had a return on equity of 15.19% and a net margin of 13.02%. Its revenue totaled $126.04 million down -14.12% from the previous quarter. The stock has "Buy" rating by Craig Hallum on Friday, April 29. The business's revenue for the quarter was up 4.7% compared to the same quarter past year.
Several equities research analysts have issued reports on the company. In the latest earnings report the EPS was $0.68 and is expected to be $1.05 for the current year with 106,985,000 shares now outstanding.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. The dividend was $0.170 per share for the quarter or $0.68 annualized. Ritchie Bros. Auctioneers's payout ratio is 100.00%.
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The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share. The correct version of this report can be viewed at https://www.com-unik.info/2017/08/09/ritchie-bros-auctioneers-incorporated-rba-price-target-lowered-to-30-00-at-national-bank-financial.html. Ritchie Bros. Auctioneers traded as low as $27.10 and last traded at $27.90, with a volume of 2,200,962 shares trading hands. Canaccord Genuity upgraded the stock to "Hold" rating in Monday, August 10 report. On July 15, 2016 the stock rating was changed to a "Hold" by Jefferies down from the previous "Buy" rating. The firm has "Outperform" rating by RBC Capital Markets given on Wednesday, August 31. Auctioneers in a report on Tuesday, May 9th. Auctioneers from an outperform rating to a neutral rating and decreased their target price for the stock from C$36.00 to C$28.00 in a report on Monday, July 10th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company's stock.