Cwm LLC Purchases 7,723 Shares of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA)

Posted by on Apr 23rd, 2023

Cwm LLC increased its position in Ritchie Bros. Auctioneers Incorporated (NYSE:RBA – Get Rating) (TSE:RBA) by 340.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,993 shares of the business services provider’s stock after acquiring an additional 7,723 shares during the quarter. Cwm LLC’s holdings in Ritchie Bros. Auctioneers were worth $578,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA acquired a new stake in shares of Ritchie Bros. Auctioneers in the second quarter worth $45,000. Ronald Blue Trust Inc. increased its holdings in shares of Ritchie Bros. Auctioneers by 176.7% during the 4th quarter. Ronald Blue Trust Inc. now owns 855 shares of the business services provider’s stock worth $53,000 after purchasing an additional 546 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Ritchie Bros. Auctioneers by 41.2% during the second quarter. BNP Paribas Arbitrage SA now owns 1,114 shares of the business services provider’s stock valued at $72,000 after buying an additional 325 shares during the last quarter. Signaturefd LLC raised its position in shares of Ritchie Bros. Auctioneers by 28.6% during the third quarter. Signaturefd LLC now owns 1,285 shares of the business services provider’s stock valued at $80,000 after buying an additional 286 shares during the last quarter. Finally, Twin Tree Management LP bought a new stake in shares of Ritchie Bros. Auctioneers in the third quarter valued at about $103,000. Institutional investors and hedge funds own 81.09% of the company’s stock.

Ritchie Bros. Auctioneers Stock Up 0.7 %

NYSE RBA opened at $58.70 on Friday. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 3.56 and a beta of 0.89. The company has a current ratio of 1.21, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. Ritchie Bros. Auctioneers Incorporated has a 1-year low of $48.72 and a 1-year high of $72.73. The stock’s 50 day moving average is $58.04 and its two-hundred day moving average is $58.40.

Ritchie Bros. Auctioneers (NYSE:RBA – Get Rating) (TSE:RBA) last announced its earnings results on Tuesday, February 21st. The business services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.10. Ritchie Bros. Auctioneers had a return on equity of 25.58% and a net margin of 18.44%. The company had revenue of $443.86 million during the quarter, compared to analyst estimates of $430.21 million. During the same period last year, the company posted $0.27 earnings per share. The firm’s quarterly revenue was up 23.5% compared to the same quarter last year. Equities analysts forecast that Ritchie Bros. Auctioneers Incorporated will post 2.34 earnings per share for the current fiscal year.

Ritchie Bros. Auctioneers Dividend Announcement

The company also recently announced a — dividend, which was paid on Tuesday, March 28th. Stockholders of record on Friday, March 17th were paid a $1.08 dividend. The ex-dividend date of this dividend was Tuesday, March 21st. This represents a dividend yield of 1.8%. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is currently 37.76%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on RBA shares. StockNews.com started coverage on Ritchie Bros. Auctioneers in a research report on Thursday, March 16th. They set a “hold” rating on the stock. National Bankshares lifted their target price on Ritchie Bros. Auctioneers from $62.00 to $63.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 22nd. Raymond James lifted their target price on Ritchie Bros. Auctioneers from $55.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 24th. Finally, Robert W. Baird decreased their target price on Ritchie Bros. Auctioneers from $66.00 to $64.00 in a research report on Monday, March 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Ritchie Bros. Auctioneers currently has a consensus rating of “Hold” and an average target price of $61.44.

About Ritchie Bros. Auctioneers

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Ritchie Bros. Auctioneers, Inc is an industrial auctioneer, which engages in the sale of equipment to on-site and online bidders. It operates through the following segments: Auctions and Marketplaces, Ritchie Bros. Financial Services and Mascus. The Auctions and Marketplaces segment consists of live on site auctions, online auctions and marketplaces, and brokerage service.

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

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