Ritchie Bros. Auctioneers Inc (NYSE:RBA) Insider Todd Donald Wohler Sells 2,428 Shares of Stock

Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) insider Todd Donald Wohler sold 2,428 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $39.80, for a total transaction of $96,634.40. Following the completion of the sale, the insider now owns 9,491 shares of the company’s stock, valued at $377,741.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Todd Donald Wohler also recently made the following trade(s):

  • On Wednesday, August 21st, Todd Donald Wohler sold 2,000 shares of Ritchie Bros. Auctioneers stock. The stock was sold at an average price of $39.80, for a total transaction of $79,600.00.
  • On Monday, August 19th, Todd Donald Wohler sold 2,000 shares of Ritchie Bros. Auctioneers stock. The stock was sold at an average price of $39.50, for a total transaction of $79,000.00.
  • On Tuesday, August 13th, Todd Donald Wohler sold 2 shares of Ritchie Bros. Auctioneers stock. The stock was sold at an average price of $38.34, for a total transaction of $76.68.

Ritchie Bros. Auctioneers stock traded down $0.20 on Friday, reaching $39.09. 338,419 shares of the stock were exchanged, compared to its average volume of 406,832. The stock has a market cap of $4.24 billion, a PE ratio of 36.19, a PEG ratio of 4.43 and a beta of 0.72. The company has a current ratio of 1.24, a quick ratio of 1.12 and a debt-to-equity ratio of 0.82. Ritchie Bros. Auctioneers Inc has a twelve month low of $30.76 and a twelve month high of $39.95. The firm has a fifty day moving average price of $37.53 and a two-hundred day moving average price of $35.20.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last released its earnings results on Thursday, August 8th. The business services provider reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.06. The firm had revenue of $393.20 million during the quarter, compared to analyst estimates of $352.51 million. Ritchie Bros. Auctioneers had a net margin of 10.08% and a return on equity of 15.27%. The business’s revenue was up 27.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 EPS. Equities analysts anticipate that Ritchie Bros. Auctioneers Inc will post 1.27 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th will be given a dividend of $0.20 per share. This is a positive change from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $0.80 dividend on an annualized basis and a yield of 2.05%. Ritchie Bros. Auctioneers’s payout ratio is currently 74.07%.

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada upped their price objective on shares of Ritchie Bros. Auctioneers from $34.00 to $36.00 and gave the stock a “hold” rating in a report on Monday, August 12th. OTR Global cut shares of Ritchie Bros. Auctioneers to a “positive” rating in a report on Friday, July 26th. National Bank Financial upped their price objective on shares of Ritchie Bros. Auctioneers from $34.00 to $35.00 and gave the stock a “sector perform” rating in a report on Monday, August 12th. Raymond James upped their price objective on shares of Ritchie Bros. Auctioneers from $34.50 to $36.50 and gave the stock a “market perform” rating in a report on Monday, August 12th. Finally, Robert W. Baird upped their price objective on shares of Ritchie Bros. Auctioneers from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $37.11.

A number of institutional investors have recently added to or reduced their stakes in the business. Manchester Capital Management LLC acquired a new position in shares of Ritchie Bros. Auctioneers during the first quarter valued at about $34,000. Bremer Bank National Association acquired a new position in shares of Ritchie Bros. Auctioneers during the first quarter valued at about $61,000. Icon Wealth Partners LLC acquired a new position in shares of Ritchie Bros. Auctioneers during the first quarter valued at about $66,000. Marshall Wace North America L.P. acquired a new position in shares of Ritchie Bros. Auctioneers during the first quarter valued at about $82,000. Finally, Arcadia Investment Management Corp MI raised its position in shares of Ritchie Bros. Auctioneers by 233.3% during the second quarter. Arcadia Investment Management Corp MI now owns 3,000 shares of the business services provider’s stock valued at $100,000 after buying an additional 2,100 shares during the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Ritchie Bros. Auctioneers Company Profile

Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved live on site 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, as well as construction and heavy machinery.

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